Mayor Mamdani unveiled a safety redesign of Third Avenue in Sunset Park, the same corridor-safety push the city has been rolling out after recent pedestrian deaths on comparable avenues. nyc.gov
Hochul announced more than $13 million in new Capital Region community development grants, spread across several upstate municipal projects. governor.ny.gov
Hochul announced completion of Edwards Vacuum's $319 million semiconductor supply-chain facility in Genesee County. governor.ny.gov
The Real Deal reports the city's third-party transfer foreclosure settlement program is moving forward, a mechanism that can put distressed buildings into new ownership and trigger renovation work. therealdeal.com
Jordache's founder is seeking dismissal of personal liability claims in the 633 Third Avenue ownership fight, a dispute tied to the office tower's debt troubles. therealdeal.com
Savanna avoided a scheduled foreclosure auction at 521 Fifth Avenue after reaching terms with Deutsche Bank, the latest twist in that loan default. therealdeal.com
Lightstone Capital provided a $29.5 million loan for a multifamily development in Orange, New Jersey. commercialobserver.com
AJ Capital Partners landed a $52 million refinancing for a Graduate Hotel property in Princeton, New Jersey. commercialobserver.com