The government pledged 2.5 billion pounds for initial site work, but the decision to build a small, modular design may disappoint others, including the U.S. nuclear industry.
The Justice Department embraced a novel conservative legal theory that it said blocked the Federal Reserve from funding the agency.
Dallas-based developer KDC is seeking approval to construct a large data center in Taylor, Texas, according to the Austin Business Journal.
The project would involve turning a 220-acre parcel at 1051 County Road 401, directly northeast of Samsung Electronics Co.’s factory, into a data center campus that would include space for other uses.
Last year, KDC and Austin-based landowner Prophet Capital Management made a deal to develop 150 acres of the site. The developer will now go before local zoning officials to seek permission to move forward with its plans
Some of the land earmarked for the plan is owned by CM Realty LLC,…
There’s a refinancing boom spreading across the property market in New York City and Eyal Ofer is not one to miss the wave. The billionaire found a way to land fresh capital for one of his Manhattan buildings for at least the third time in a matter of months. Ofer’s Global Holdings Management Group scored a $190 million loan to refinance Anagram Columbus Circle at 1 West 60th Street, Bloomberg reported. The 26-story luxury building on the Upper West Side features 123 units. JPMorgan Chase and Sumitomo Mitsui Trust Bank provided the debt to Global Holdings. In a statement, Ofer […]
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The Affordable Housing Act designated Cape Cod, Martha’s Vineyard, the Berkshires and other resort towns as “seasonal communities,” making it easier to build homes there for workers.
A year after completion, a group of developers locked down a refinancing for their 305-unit multifamily property in Williamsburg. The Loketch Group, Joyland Group and Meral Property Group scored a $220 million debt package to refinance a pair of residential buildings at 268 Lorimer Street, the Commercial Observer reported. The debt retires a $172 million loan from TPG. Blackstone provided the fixed-rate, five-year, interest-only loan on the two eight-story buildings. CenterSquare also participated in the financing, which was arranged by Arrow Real Estate Advisors’ Morris Betesh, Alex Bailkin and Andrew Rosenberg. The development at the corner of Lorimer Street and […]
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The City Council on Wednesday approved the final neighborhood rezoning of the Adams administration. The Council voted in favor of rezoning 54 blocks in Long Island City, a plan that is projected to create 14,700 new homes in the Queens neighborhood over the next decade. Of those units, 4,300 are expected to be affordable. Council member Julie Won, who represents Long Island City, made clear that her support of the rezoning hinged on City Hall making several commitments. In response, the administration pledged around $1.9 billion to help create a contiguous waterfront, add more than 1,300 seats at new schools, […]
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Anthropic, the artificial intelligence company behind virtual assistant Claude, is diving into the world of data center development.
Morgan Stanley Investment Management and Global Student Accommodation have teamed up to purchase eight U.S. student housing assets across seven states for a combined $1B, one of the largest deals in the student housing sector in recent years.
RealPage replaced CEO Dana Jones, who had been at the helm of the embattled software firm since 2021.