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The funding for the New Jersey transit system was announced by US Rep. Chris Smith (R-NJ) and requires no local matching cost-share. The $2-trillion stimulus bill called the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by the House and signed into law by President Trump on March 27.
By the time all is said and done, every industry and region will be impacted by the dramatic decline in economic activity, though the impact will vary by metro.
In this EXCLUSIVE, James Rice, vice president with AEI Consultants, recently shared his insights into navigating the HUD process, cost reduction and environmental issues on the horizon.
Innovo Property Group and Square Mile Capital Management are developing a one million square foot, two-story Class A logistics and distribution facility at 2505 Bruckner Boulevard in the Bronx.
There is a lot of talk about the cultural changes that will arise out of the coronavirus outbreak, but CREXi's Eli Randel says that any changes will be short lived.
Townhouse Partners, a due diligence firm servicing commercial real estate firms nationally, has seen an uptick in requests for services underwriting risk in loan portfolios amid the current changing economic landscape due to the coronavirus pandemic.
Amid social isolation and national quarantine guidelines attributed to the current coronavirus pandemic, an Astoria, Queens apartment building at 31-65 29th St. has traded for $16.7 million.