Tag: New York

Hotel Bill Promises Nothing But Trouble For Real Estate Industry

Posted 06.01.2015 | Categories: Hospitality/Fractional Ownership | No Comments

On Thursday, the City Council approved a bill which severely impedes hotel owners’ rights and ability to convert guest rooms in their buildings into condo apartments. Specifically, this bill would mandate a waiver fromthe city Board of Standards and Appeals in order for owners of hotels with 150 rooms or more from converting over 20 […]

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SUNY Board Votes to Close LICH in Brooklyn

SUNY Board Votes to Close LICH in Brooklyn

Posted 02.11.2013 | Categories: Uncategorized | No Comments

NEW YORK CITY-The money-losing Long Island College Hospital, part of SUNY Downstate Medical Center in Brooklyn, appears fated to close its doors.

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Salmanson Capital Invests in Lehigh University Paying $15.23M for Student Housing

Salmanson Capital Invests in Lehigh University Paying $15.23M for Student Housing

Posted 09.24.2012 | Categories: Student Housing | No Comments

Salmanson Capital L.L.C., based in New York City, has acquired an off-campus student housing portfolio in the Lehigh University community based in Bethlehem, Pa., for $15.23 million.

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Senior Housing: New nursing home in Franklin County

Posted 10.06.2010 | Categories: Senior Housing/Assisted Living | No Comments

A $35 million, 165-bed nursing home and assisted-living center will be built to consolidate aging nursing homes owned by Franklin County and Alice Hyde Medical Center, officials say.

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Transit: How ‘Transit-Oriented Development’ Will Put More New Yorkers in Cars

Transit: How ‘Transit-Oriented Development’ Will Put More New Yorkers in Cars

Posted 05.03.2010 | Categories: Transit Development | No Comments

In its effort to achieve a “greener and greater New York” while accommodating one million new residents, Mayor Michael Bloomberg’s PlaNYC2030 embraced transit-oriented development” — the concentration of new housing in neighborhoods with good access to the city’s subways and buses.

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Hospitality: Four Seasons Hotel said to be hitting the block

Hospitality: Four Seasons Hotel said to be hitting the block

Posted 02.11.2010 | Categories: Hospitality/Fractional Ownership | No Comments

Even multi-billionaires like Ty Warner are not immune to the latest economic conditions. Mr. Warner, who made his fortune manufacturing Beanie Babies, owns the Four Seasons Hotel New York—but maybe not for much longer. He is in negotiations to sell the posh property to a group of investors, according to several news reports.

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Media: Gov’s plan would extend film tax credit

Posted 01.20.2010 | Categories: Media Production Infrastructure | No Comments

The item still needs approval from the State Senate and Assembly, but film executives are confident the rebate program will pass. New York film executives are breathing a sigh of relief today. In the 2010 budget proposal released by Gov. Paterson Tuesday, he expanded the film tax credit to $420 million a year from $350 […]

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Student Housing:  Campus Apartments Adds 5,865 Beds to Its Third Party Management Portfolio

Student Housing: Campus Apartments Adds 5,865 Beds to Its Third Party Management Portfolio

Posted 01.18.2010 | Categories: Student Housing | No Comments

Campus Apartments, the oldest and one of the largest privately held student housing companies in the nation, has expanded its third party management portfolio to include 14 new properties.

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Transit: Top Four Markets for Real Estate

Posted 11.19.2009 | Categories: Transit Development | 1 Comment

Washington, D.C. ranks as the top market in the United States for real estate investment and development, which, in the current economic environment, means it is the least troubled. So says the 2010 version of Emerging Trends in Real Estate®, released this week at Urban Land Institute’s Annual Fall Meeting in San Francisco. The widely […]

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Senior Housing: Penfield assisted living facility to house 90 residents

Senior Housing: Penfield assisted living facility to house 90 residents

Posted 08.26.2009 | Categories: Senior Housing/Assisted Living | No Comments

PENFIELD — A new assisted living facility on Route 250 in Penfield will create about 75 new jobs and will be home to roughly 90 residents. Construction workers broke ground on ElderWood Assisted Living at Penfield on July 16, and the facility is expected to open in early 2010, said spokeswoman Barbara Tschamler. There are […]

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