Rendering surfaced for 50 Third Avenue in the East Village, the Kinsmen Property/SK Development project whose $204 million construction loan closed earlier this week. newyorkyimby.com
175 East 82nd Street on the Upper East Side is nearing completion, adding another condo tower to Manhattan's delivery pipeline this quarter. newyorkyimby.com
AXA Equitable provided a $103 million recapitalization for Midtown's Ellington Building, a sign refinancing activity on older office stock hasn't stalled. commercialobserver.com
Gothamist reports New Yorkers are paying roughly $300 million for natural gas infrastructure capacity they don't use, a utility cost that factors into every gas-connected building project's operating math. gothamist.com
Governor Hochul announced $10 million for a Jackson Heights community center and the completion of a 58-unit affordable homeownership development in the Bronx. governor.ny.gov