The state comptroller's office says New York City's rent freeze faces a pending legal challenge that could affect landlords' capital-improvement calculus. commercialobserver.com
Commercial Observer reports lenders are tightening underwriting on data center projects as financing risk concerns grow nationally. commercialobserver.com
Construction Dive reports hospital systems in several states are rushing to start seismic-driven construction projects ahead of California's stricter earthquake rule taking effect. constructiondive.com
Gilbane Development broke ground on a $350 million student housing project at Western Kentucky University. constructiondive.com
The Real Deal reports a Takenaka entity is under contract to buy One Broadway in Manhattan for $170 million. therealdeal.com
New renderings show exterior work progressing at 300 Port Imperial Boulevard in Weehawken, New Jersey. newyorkyimby.com
New renderings were released for a residential project planned at 1701 Boone Avenue in the Bronx's Crotona Park East. newyorkyimby.com