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WebFX received a funding proposal from the Department of Community and Economic Development for the project. The proposal includes a $250,000 Pennsylvania First grant and $126,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs.
Marquee Brands recognized the energy and evolution of the neighborhood, surrounded by the tremendous investment in the Penn Plaza, Hudson Yards and Manhattan West developments.
Cushman & Wakefield reports that the property ownership Advance Realty Investors secured a $72.5-millon construction loan from Santander Bank for the project.
The company states that it signed a 10-year lease for its new headquarters space at the 2.5-million-square-foot complex and will invest more than $200 million annually in the region through headcount, real estate investment and other expenses
For the GlobeSt.com's 2019 ADAPT awards, within the historical preservation category, we chose the Palihotel as the winner for the best upside realization of a historic building.
Net-lease investments into the Big Apple are up 46.4% year-over-year, and the total volume of net-lease investment is up 8.6% from Q2 2018 at $2.6 billion.