Retail

The joint venture has secured a $102-million construction loan split evenly among Wells Fargo, National Association, which is serving as administrative agent, and Capital One. T

Investors have figured out the retail market, and with discounted pricing, retail could be a place to make substantial returns this year.

Last year, co-working companies leased a combined 75,000 square feet of space in vacant and obsolete retail spaces.

New environmental regulations and trends have pushed up restaurants operation costs.

This is the sixth closing of the acquisition previously announced in September 2017 with 28 properties now closed for approximately $42 million.

At present, the moratorium does not affect New York City, which is served by Con Edison. However, on its website, Con Edison stated, “We continue to accept new gas customer applications in New York City. We will continue to monitor increases in customer demand and our ability to meet that demand with traditional supplies or clean alternatives in our New York City gas service area.”