Tag : commercial funding

Heartland Project Set to Go

The $4 billion Heartland Town Square project is set to potentially break ground later this year. Developers Gerald and David Wolkoff (father and son) have been preparing for this moment for the past 10 years, dumping over $200 million of their own money into what will be the largest development in Long Island’s history. The..

Tax Payers Hold the Light for Coliseum Renovation

Recent news has shed a more distinct light on Project Lighthouse’s upcoming bond referendum set for August 1. It’s been calculated that if Nassau County tax payers vote “yes” to the renovation of the Nassau Coliseum (the new features can be found here), their property taxes could go up about $58 per household. Of course,..

$80 Billion Oversight Affects Commercial Banks’ Current Ability to Fund CRE Loans

As commercial real estate market takes a (very) slow turn for the better, its impact on the US economy is thrown into sharp relief— and its effect has been pretty substantial. A reported $80 billion attributed to commercial real estate has been lost (yikes!) to commercial banks and nearly 1,200 of those banks at the..