Business > Commercial Real Estate

Acuity Capital lands $324M refi on 28-building multifamily portfolio

1 month ago   |   By

Acuity Capital Partners has landed a $324 million refinancing for a portfolio of 28 multifamily buildings in New York City, according to sources familiar with the deal. The money comes from CCRE and Key Bank, and the vast majority of the properties are located in Manhattan, including at 201 West 92nd Street, 200 West 93rd Street and 78 Riverside Drive. The refinancing also went to 480 Humboldt Street in East Williamsburg. The portfolio is split
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Troy faces $1.4 million garage fix

1 month ago   |   By

TROY - Add the city-owned State Street Parking Garage to the list of woeful downtown parking structures that are falling apart with the city planning to spend $1.4 million to repair the facility by September.
The private Uncle Sam Parking Garage's deterioration has collected public notice as a support beam fell off late last year and the facility was closed briefly in January while assessments of its conditions were made. The city's two garages need repairs.
The city has waiting lists for its State Street and Fifth Avenue parking garages. The three garages are used heavily on Saturdays...
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Oklahoma AG to dismiss federal opioid case, refile in state

1 month ago   |   By

Oklahoma Attorney General Mike Hunter said Friday he plans to dismiss the state's lawsuit against three opioid distributors that has been moved to federal court and refile new lawsuits in state court.
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A $810 million lawsuit looms over NYC. The state's attorney general claims the city inflated taxi license prices by 240% for more than a decade and defrauded drivers

A $810 million lawsuit looms over NYC. The state's attorney general claims the city inflated taxi license prices by 240% for more than a decade and defrauded drivers

1 month ago   |   By

New York's Attorney General, Letitia James, intends to sue the City of New York for $810 million claiming the city defrauded taxi drivers for more than a decade.
James alleges the Taxi and Limousine Commission inflated the cost of taxi licenses nearly 240%, from more than $200,000 to close to $1 million.
If the city does not pay relief in 30 days, James plans to file the lawsuit for restitution on behalf of the drivers.
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New York's Attorney General, Letitia James, plans to sue the City of New York for $810 million over allegations the...
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A temporary, common fiscal stimulus to answer the mayhem of COVID-19

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