Finance

Silverstein  Renovates Equitable Building $50M
Features, Finance, New York

Silverstein Renovates Equitable Building $50M

A plan to renovate and update one of the oldest Class-A office buildings in New York City is underway. The Equitable Building at 120 Broadway, was built in 1915 as the largest office building in the world and the first with passenger elevators. Silverstein Properties, which purchased the building in 1980, will spend $50M on the…

NYC’s Pension Funds Invests in Affordable Housing
Features, Finance, New York

NYC’s Pension Funds Invests in Affordable Housing

New York, NY — Comptroller Scott M. Stringer and the New York City Pension Funds have announced that $450 million will be allocated to support affordable housing across the five boroughs. The investment in Pension Funds will create tens of thousands of affordable homes and units citywide. City pension funds have created or preserved over 100,000 affordable…

FOXCONN Deal Comes With Risks
Features, Finance, National, New York

FOXCONN Deal Comes With Risks

The Taiwanese electronics supplier Foxconn has announced plans to invest as much as 10 billion dollars to build a factory for flat-panel display screens in Wisconsin. But before the euphoria over this unfinished deal overtakes us, there are some factors we should consider. As an employer in China, Foxconn earned notoriety when it came to light that the company…

NYC’s Economic Outlook Continues Strong
Features, Finance, New York

NYC’s Economic Outlook Continues Strong

New York, NY — New York City’s economy picked up in the spring and summer of 2017, according to a new analysis from New York City Comptroller Scott M. Stringer. The new quarterly report found economic growth of 3.3% in the second quarter of this year — more than double the growth from the same quarter last year.

Trump Security Reimbursement To NYC
Finance

Trump Security Reimbursement To NYC

May 7, 2017  By Neal Tepel New York, NY –  The national bipartisan budget agreement includes funding to cover the cost New York City has incurred securing Trump Tower. The agreement includes $20 million for costs incurred between Election Day and Inauguration Day and $41 million for all costs after Inauguration Day. This funding is…

Property Tax Relief for Seniors and Disabled
Finance

Property Tax Relief for Seniors and Disabled

May 3, 2017  By Neal Tepel New York, NY –  New York State legislation, sponsored by State Senator Diane Savino (S4628) and Assembly Member Brian Kavanagh (A7463) would expand property tax exemptions for senior citizens and disabled New Yorkers. Current State law enables senior citizens and disabled individuals making up to $37,400 annually to qualify…

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