News: Brokerage

EPA awards Saw Mill River Coalition $900,000 grant

Mayor Phil Amicone joined federal representatives on the banks of the Saw Mill River to discuss the $900,000 EPA Targeted Watershed Grant that was awarded to Groundwork Hudson Valley's Saw Mill River Coalition. The grant, one of only 15 given out nationwide, will assist pollution cleanup, restoration and planning efforts that will improve the Saw Mill River from its origins in Chappaqua to its terminus in the city, including the much anticipated "daylighting" project that will unearth portions of the river through the city's downtown. A check from the EPA regional administrator Alan Steinberg in the amount of $889,183 was presented at the event. The Saw Mill River, while only 19-miles long, has a major impact on the Hudson River. It has had one of the worst stream profiles of any Hudson River tributary, based primarily on its past history and the role it played in industrialization. Once called the Nepprehan River, it was the location of the first saw mill in the colonies, hence its current name. Groundwork Hudson Valley has worked with the city to build a local program of river conservation known as the Saw Mill River Coalition that involves volunteers, schools, environmental and community organizations, its local municipalities, and county and state agencies. The Coalition was started in 2001 and has been working steadily on many projects to improve the river.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.