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Corporation Acquires Bronx Multifamily

TMJ Construction Corporation acquired the 30-unit multifamily building at 1466 Beach Avenue in Bronx from Ronald B. Hunte for $2.3 million, or about $77,000 per unit.

The Morgan Group Pays $3M For Bronx Multifamily

The Morgan Group acquired 600 Trinity Avenue in the Bronx from Urban American Management for $3 million, or $62,500 price per unit....
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A Friendlier Bronx Business Climate

In his State of the Borough speech earlier today, Bronx Borough President Ruben Diaz Jr. touted business development projects like the Kingsbridge redevelopment and a deal that lured the Queens-based FreshDirect company to the South Bronx as proof that he is creating jobs and stimulating the borough's economy....
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Guide To Donating Your Car To Charity*

As tax time is upon us, we would like to help donors make informed giving decisions when they part with their hard-earned dollars by writing a check to charity. In the past few years, however, more and more donors are attempting to help themselves, and help others, by donating their used automobiles to charity....
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Escort Quality, Hooker Pricing

Bronx community leaders are demanding the removal of a vodka billboard with an offensive message, which has been put up near an area once synonymous with prostitution....
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Finally: FreshDirect Moving To Bronx

The New York City Internet grocer FreshDirect is moving to new headquarters in Bronx....
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Affordable Bronx Business Space

The first city-sponsored business incubator in the Bronx officially opened its doors earlier today....
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17 Bronx Post Offices Set For Closure

Major cuts are coming to the U.S. Postal Service, and the plan calls for the closure of post offices across the country. That includes 17 post offices in Bronx now targeted, and that has the community worried....
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South Bronx Residents Advised To Go To Credit Unions Due To Lack Of Banks

For four decades, government and non-profit agencies have urged residents in poor neighborhoods to use banks instead of check-cashing outlets and mattresses for their banking. And for decades, such residents have resisted, saying banks are pricey, scarce and inconvenient....
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Fresh Direct Eyes Bronx Warehouse

Online grocery specialist FreshDirect here is eyeing the construction of a new warehouse and distribution facility in the Bronx, according to documents filed with the city....
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Trump To Develop & Manage A $10 Million Public Golf Course In Bronx

New York City has picked Donald Trump to build and run an 18-hole "tournament quality" golf course in the Bronx, according to the Daily News....
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160K-Square-Foot Macy's Coming To Bronx

Officials in Bronx are preparing to break ground on a huge retail development project. For the first time since 1995, Macy's is building a new store....
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Bronx Leads In Multifamily Investment Sales

Bronx led the other boroughs in multifamily investment sales in October, with 25 buildings changing hands for an aggregate of $96.6 million. The total number of apartment buildings sold in the Bronx was fully half of the city’s total for the month, and 37 percent of the city’s multifamily dollar volume....
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Perrigo Hires Omar Lora As Production Supervisor

Perrigo, a leading pharmaceutical supplier, announced today that Omar Lora has been hired as the third shift production supervisor for the packaging department in Bronx, New York....
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Outrage: MTA Gives Sweetheard Deal

Assemblymember Linda B. Rosenthal (D/WF-Manhattan) expressed her outrage by reports that the New York City Metropolitan Transportation Authority (MTA) has arranged a sweetheart deal for a new Apple store to open in Grand Central Terminal in one week. Upon its planned opening next week, the Apple store will be the only store-- among 100 other such retail stores in Grand Central Terminal--that will not be required to make any revenue-sharing payments to the MTA....
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Bronx Projects Sold For $51.5M

Robert Nelson’s Global One Real Estate Fund, in conjunction with the New York Affordable Housing Preservation Fund, a Joint Venture between L + M Development Partners and Citibank, has purchased the interests of Lafayette Boynton, a four-building, 972-unit rent stabilized apartment complex in the Soundview section of Bronx, from AREA Property Partners for $51.5 million....
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Bronx Graffiti Crew Sues Over Fiat Ad

A television commercial for Fiat starring Jennifer Lopez has triggered a copyright dispute involving a Bronx-based graffiti crew whose work, according to them, is featured "prominently" in the ad. You can observe below on your own and decide....
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$5.7M Mortgage For Paradise Theater

Craig Bjornsund, Senior Vice President and Managing Director of NorthMarq Capital's New York Metro Regional office has arranged first mortgage refinancing in the amount of $5.7 million for the Paradise Theater at 2403-2419 Grand Concourse, Bronx, NY....
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Electric Truck Manufacturer To Develop Bronx Assembly Plant

Smith Electric Vehicles Corp. (Smith), a leader in all-electric commercial vehicles, today announced that the company will expand its U.S. operations by adding a manufacturing facility in New York State, creating up to 100 new direct local jobs....
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Tirado Rum Tasting & Tour Event

Tirado Distillery, Inc. announces a tasting and a tour event on December 9, 2011....
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Centers Health Care Hires Heidi Hendrix, RN, As New Chief Nursing Officer

Centers Health Care, the largest and most complete post-acute health care continuum in the northeast, announced that Heidi Hendrix, RN, an accomplished post-acute clinical director, has joined the company as its new Chief Nursing Officer.
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Starting The "Uber Of Prison Visits"

At 5:30 a.m. on a Friday in April, Calvin Buari pulls up to a New York City apartment building in Bronx. The back door of his Toyota Sienna slides open. Two women jump in, and Buari drives north to catch the Taconic State Parkway. In less than two hours, the minivan will park in front of the giant concrete walls of Green Haven Correctional Facility, where the women will visit their husbands and sons who are serving time.
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Walmart E-Commerce Site Jet.com Leases Warehouse In Bronx

Walmart’s e-commerce site jet.com is boosting its presence in the city with a new warehouse in Bronx.

PW Launches A New Gathering Place For Booksellers To Connect

Last week, Publishers Weekly launched "BXsellers," a private Facebook group where booksellers from all over can engage in meaningful conversations about the issues affecting the world of bookselling, network with one another, share tips, ideas and have access to PW's editors for book recommendations and more.
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Oppose Internet Sales Tax In New York

The New York State Legislature is once again threatening to impose a new sales tax burden on your favorite Internet marketplaces.
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Green Revolution - Cannabis & Entrepreneurship

Cannabis is becoming legal in more and more states. How can we get ahead of this new industry from a business perspective? Join us for an open discussion for some ideas of how to break into the business.
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BP Diaz Releases South Bronx Tech Survey

Bronx Borough President Ruben Diaz Jr., in collaboration with the New York University Robert F. Wagner Graduate School of Public Service, has developed a community survey questionnaire as a follow-up to the two previous meetings of the Bronx Tech Summit hosted at the Metropolitan College of New York Campus in The Hub.

Developer Takes $45M Ground Lease For Vacant Bronx Development Site

SKF Development has acquired a 99-year ground lease on a 12,126-square-foot Bronx vacant lot owned by the Negron family in a deal worth nearly $45 million, Commercial Observer has learned.

Bronx Sees Increase Of Chain Stores

Bronx is booming and more chain stores are opening for business in the borough, according to one non-profit economic development corporation.

Featured Author
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Peter Treadway, PhD

is an independent consultant and money manager and Adjunct Professor in Asia. He is currently is principal of Historical Analytics, LLC. Historical Analytics is a consulting/investment management firm dedicated to global portfolio management. Its investment approach is based on Dr. Treadway’s combined top-down and bottom-up Wall Street experience as economist, strategist and securities analyst. A monthly letter entitled The Dismal Optimist is produced for clients. Dr. Treadway also serves in a part time capacity as Chief Economist, C T RISKS, a new Hong Kong company that will assist Asian financial institutions with their risk management problems. On the educational front, Dr. Treadway has developed a special Masters level course focusing on securities analysis and discounted cash flow and incorporating elements of standard equilibrium pricing models, behavioral finance and historical trends. This course has been given as Adjunct Professor at the Shanghai University of Finance and Economics (SUFE) and the City University of Hong Kong. From 1965-2000 Dr. Treadway had a distinguished career on Wall Street and with major American financial institutions. For example, from 1978-1981 he served as Chief Economist at Fannie Mae. From 1985-1998 he served as institutional equity analyst and Managing Director at Smith Barney following savings and loans and government sponsored entities(GSEs). He was ranked as “all star” analyst eleven times by Institutional Investor Magazine. Dr. Treadway holds a PhD in economics from the University of North Carolina at Chapel Hill, an MBA from New York University and a BA in English from Fordham University in Bronx, New York.