N.Y. Legislature OK’s Gaming Tax Cut to Push $1B Catskills Entertainment Deal
The New York State legislature has voted to cut taxes on video gaming machines, a move that paves the way for a $1 billion entertainment city and gaming development at the site of the Concord Hotel in Monticello, in Sullivan County, N.Y.
Chicago High Rise Moves Ahead with Kennedy Funding Loan
The Catalyst, a high rise condo going up in Chicago’s West Loop has gotten an $8.4 million loan from Kennedy Funding Inc., the lender reported
Cooling Condo Sales Tied to Seattle Rental Growth, $48M Sale
Taking advantage of a Seattle apartment market with a high barrier to entry, Sobrato Development Cos. has acquired Expo62, a 114-unit apartment complex in the Lower Queen Anne area of the city from Intracorp Real Estate L.L.C. in a $48 million deal.
SL Green Aqueduct Bid Wins Union Support
Several of New York’s major labor unions have endorsed SL Green Realty Corp.’s proposal to revitalize the Aqueduct Racetrack in Queens.
Vitale Caturano Leases 22,000SF in Charlestown
Vitale Caturano has leased an additional 22,000 square feet of space at 80 City Square in Charlestown, Mass., the company said today.
Mitsui Fudosan Promotes Perez to SVP
Mitsui Fudosan America Inc. the U.S. subsidiary of Japan’s Mitsui Fudosan Co. Ltd., announced the appointment of Christopher Perez as senior vice president.
Supreme Court Rejects Appeal from Brooklyn Arena Opponents
The U.S. Supreme Court today turned down an appeal from opponents of the plan to build a new arena to house the NBA’s Nets in Brooklyn as the centerpiece of the Atlantic Yards development.
2,200-Acre Idaho Resort Gets Green Light
Developer Black Bear Resort has cleared the last hurdle for the development of its 2,200-acre mountain resort community in Bear Lake, Idaho, now that the Bear Lake County Commission has given the project its approval.
The ‘Other’ Drama Continues at WTC Site
Although the buildings at the former Ground Zero have understandably gotten most of the news coverage of World Trade Center site rebuilding efforts, at least one other noteworthy story has been playing out in parallel to those.
States take a whack at foreclosures
While Congress has talked for a year about a federal response to the foreclosure crisis, attorneys general have been busy helping troubled homeowners at the state level.