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The new fund will provide more than $100 million in low-interest loans to severely impacted small businesses over the coming months, targeting historically under-resourced communities with an emphasis on minimizing hardship for those businesses and their employees.
Lighthouse Pregnancy Resource Center is a non-profit organization that operates resource centers in Hackensack, Wayne, and Paterson for women, men and teens.
The property, located in a qualified opportunity zone in the Bergen-Lafayette neighborhood, was sold by a partnership between Alpine Development, Fields Development Group and Grade Development Co.
Helmsley Spear, a1 866-founded real estate firm founded has arranged a refinancing transaction for Kings Hotel, located at 2416 Atlantic Ave. in Brooklyn.
The four governors announced indoor portions of retail shopping malls, amusement parks and bowling alleys in the four states will close by 8 p.m. Thursday—an expansion of the guidance that the three governors from the tri-state area issued Monday.
Rockport Mortgage Corporation has closed an FHA Section 223(f) refinancing loan of $38.6 million for Union Street Houses in Brooklyn. Scott Jaffee, a managing member of Metropolitan Realty Group, owns the property.
The moratorium was imposed on Wednesday and is in effect until further notice. The action by Cambridge comes a day after Boston Mayor Martin Walsh instituted a construction ban in the City of Boston. To date, Massachusetts Gov. Charlie Baker has not called for a construction work stoppage statewide.
The deals were announced on Wednesday by the three major automakers. Following Thursday evening shifts, Ford is temporarily suspending production at its manufacturing sites in North America to March 30 to thoroughly clean its facilities to protect its workforce and boost containment efforts for the COVID-19 coronavirus.
Harlem has always had a smaller sample size of office product relative to the rest of the city. But that hasn't stopped developers from building in the submarket and convincing investors to wrap their heads around smaller office floor sizes, Brent Glodowski, director at Avison Young, tells GlobeSt.com.
The 278,879-square-foot portfolio represents one the largest single sales of mixed-use properties along on the New Jersey waterfront, according to Newmark Knight Frank.'