LATEST NEWS

LATEST NEWS

Developer Signs $30 Million Lease for South Bronx Waterfront Property

The Lightstone Group has signed a deal to lease 475 Exterior Street located at the foot of the 145th Street Bridge at 149th Street for 49 years in the amount of $30.5 million. This is extremely surprising as its not an actual sale of the property and such land leases are not too common in…

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City Council Takes Away Committee Post From Ruben Diaz Sr After Homophobic Remarks

Council Member Ruben Diaz Sr. (John McCarten / City Council)

Today the City Council voted to disband a committee homophobic, bigoted, and misogynistic councilman Ruben Diaz Sr was chair of after he refused to apologize for his homophobic remarks where he said that the NYC Council, “…was controlled by the homosexual community.” The Committee on For-Hire Vehicles will now have issues handled by the Taxi…

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The Bronx Sees $2.05 Billion in Real Estate Investment Sales Last Year With Over Half in The South Bronx

Although the dollar amount of sales for investment properties and development sites in The Bronx for 2018 took an 8% dip, it still managed to remain above the $2 billion mark. According to the Bronx 2018 Year-End Sales Report by Ariel Property Advisors, this is in part thanks to the Jerome Avenue Rezoning as well…

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Connecticut Business Leader: Split Amazon Headquarters Between The Bronx and Stamford

As soon as The Washington Post reported that several unnamed Amazon executives said the company was reconsidering making Long Island City in Queens their second headquarters due to backlash from activists and politicians crying foul at this sweetheart deal, cities across the country began salivating at the fact that they could potentially take advantage of…

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