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L+M venture secures $30M loan to start work on Rockaway nature preserve - Vimarsana News

L+M venture secures $30M loan to start work on Rockaway nature preserve

L+M Development Partners, the Bluestone Organization and Triangle Equities have closed on $30.3 million in financing for the first phase of Arverne East, a project that will revitalize a vacant 116-acre oceanfront site in the Arverne and Edgemere neighborhoods in Queens’ Rockaway Peninsula.  Funding for the first phase was provided...

Massive Rockaways development Arverne East moves ahead with first phase - Vimarsana News

Massive Rockaways development Arverne East moves ahead with first phase

When complete, the Arverne East project is expected to include retail space, a hotel and more than 1,300 affordable housing units

Discount grocer Aldi opening 20,000 s/f store in Flatbush - Vimarsana News

Discount grocer Aldi opening 20,000 s/f store in Flatbush

Discount grocer Ali has signed a lease for a new 20,110 s/f store at Triangle Junction in Flatbush, Brooklyn. RIPCO Real Estate’s Esther Bukai represented the store while Peter Botsaris, Botsaris Morris Realty, represented landlord Triangle Equities in the deal.  “Aldi is a perfect addition to the Flatbush neighborhood, providing quality grocery product to the area during a time when many are dining from home. We are increasing our volume of deals in this asset class and are actively looking for more sites,” said Bukai.  Situated at 2201 Nostrand Avenue, Triangle Junction is a 600,000...

Focusing on suburbs, state awards $27M in tax credits for 1,363 affordable housing units - Vimarsana News

Focusing on suburbs, state awards $27M in tax credits for 1,363 affordable housing units

Focusing on suburbs, state awards $27M in tax credits for 1,363 affordable housing units Updated Dec 09, 2020; Posted Dec 09, 2020 State housing officials on Wednesday announced the award of $27 millon in federal affordable housing tax credits to a total of 21 projects that include 1,363 apartments set aside for people with low and moderate incomes. This affordable project in Trenton, by Conifer Realty, received separate aid under the federal CARES Act.Michael Mancuso | NJ Advance Media for NJ.com Facebook Share State housing officials on Wednesday announced the award of $27 million in fede...

Source: nj.com