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E&M Sells Bronx-Heavy Portfolio For $54M

E&M Associates sold a 13-building portfolio, comprised of 11 buildings in Bronx and two in Northern Manhattan, for $53.7 million, according to city records.

 

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FreshDirect Breaks Ground On New South Bronx Facility

FreshDirect, a leading online fresh food grocer, is excited to announce the groundbreaking on its new South Bronx headquarters today....
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Young Woo Reveals Plans For Bronx Post Office Space

Young Woo & Associates has filed permits to convert the recently purchased Bronx General Post Office to a mixed-use building, including space for retail, dining and offices....
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NYS’ Tax Policy Director Named “Person Of The Year”

A national publication has honored the NYS Tax Department’s policy chief with its annual Person of the Year Award for his vital role in the passage of sweeping corporate tax reform....
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Breaking Ground On 66-Unit Bronx Development

New York City Department of Housing Preservation and Development (HPD) commissioner Vicki Been joined its largest Asian-American-owned affordable housing development partner developer Yuco Real Estate Co., Inc. (www.yucoinc.com ) and its financing partners to celebrate the start of construction on the Brook Ave. Apartments, a two-building, 66-unit development that will be constructed on vacant formerly city-owned land in the Mott Haven neighborhood. The development will benefit from the use of underused air rights of neighboring one-story Con Edison facilities....
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Bronx Hotel Boom Gains Steam

The hotel boom in South Bronx is showing no signs of slowing down....
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South Bronx Waterfront Site Sells For $32M

Investors continue to flock to the South Bronx waterfront....
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E-Filing Saves New Yorkers $45M Annually

The New York State Department of Taxation and Finance announced today that e-filing continues to gain strength, reducing by 15% the number of paper income tax returns filed during last year’s tax season....
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Harbor Group Picks Up 2 Bronx Retail Properties For $35M

The Harbor Group purchased two commercial properties at 305-315 East Fordham Road in the Bronx for a combined $34.6 million, according to property records filed with the city today....
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‘Wizard Of Oz’ Cowardly Lion Costume Fetches $3M At Auction

The Cowardly Lion costume from the classic film “The Wizard of Oz” and the piano from the movie “Casablanca” each sold for over $3 million at a New York City auction....
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$30M Bronx Waterfront Site Could Give Way To Residential Towers

A tract of waterfront property in North Bronx’s University Heights, known to some as Fordham’s Landing, is being pitched as the perfect site for a massive residential tower development....
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Applegrad Buys More Of Bronx With $14M From Signature

Bronx landlord Sam Applegrad bought a $19 million multifamily building in the borough with $14.25 million from Signature Bank....
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Donald Trump's Brand New Championship Golf Course In Bronx

New York City is about to get a brand new championship-caliber golf course designed by Jack Nicklaus. And, anyone is going to be able to play it....
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The Startup That Is Really Thinking Outside The Box

StartUp Box is the revolutionary social enterprise that is transforming the tech industry by creating opportunities in the South Bronx, N.Y. Majora Carter and James Chase are the unstoppable husband-wife team behind the operation, which is based in the Carter’s childhood home of Hunts Point....
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Thrift Shop Operator Buys Bronx Properties For $7.2M

The operator of Le Point Value Thrift, a chain of thrift shop clothing stores in Brooklyn and the Bronx, has closed on the $7.2 million purchase of a block-front commercial property and an adjacent two-family house in the Wakefield section of Bronx....
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Best Of Bronx: Sneak Hats

A Parkchester father and son started their own hat company out of their own living room....
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Bronx Set To Become $2B Investment Hot Spot

Robust job growth, new retail and residential projects, and pro-business local officials are among the reasons investors are finding the Bronx an attractive place for their investment dollars....
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4th Annual "Savor The Bronx" Restaurant Week

Bronx Borough President Ruben Diaz, Jr. officially kicked off the 4th Annual “Savor the Bronx” Restaurant Week today at The Bronx Beer Hall in the Arthur Avenue Retail Market....
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Group May Seek Higher Living Wage

The developer looking to build the world’s largest ice-skating complex at the Kingsbridge Armory in Bronx will not have to match a recent increase in the city’s living wage, according to an agreement it signed last year. Nonetheless, community activists may ask for a pay hike for the facility's staffers anyway....
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Valley National Bank Appoints New Bronx Commercial Lending Team

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NYSE:VLY), announced today the appointment of a new Bronx, New York, commercial lending team....
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What's New
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Largest NYC Woman-Owned Catering & Food Service Company To Relocate From Manhattan To South Bronx

Governor Andrew M. Cuomo today announced that Great Performances – the largest woman-owned catering and food service company in New York City – will relocate from Manhattan to South Bronx.
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City Hosts Immigrant Worker Convening In Bronx

Department of Consumer Affairs (DCA, a.k.a. the Department of Consumer and Worker Protection), in partnership with New York City Commission on Human Rights (CCHR), the Mayor's Office of Immigrant Affairs (MOIA), and partner organizations hosted Building Bridges: A Convening for NYC Immigrant Workers last night at Lincoln Hospital in Bronx.
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Tax Season’s Dynamic Duo: E-File & Direct Deposit

New York State Taxpayer Advocate Margaret Neri today encouraged all New York State taxpayers to e-file their tax returns and have any refund directly deposited into their bank account.
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Some Economic Common Sense

As most observers have expected, the US and Chinese stock markets have been rising in anticipation of a US/China deal. Hopefully there will be good news on this front. If there is no agreement or hope for future agreement, the stock markets will head down again.
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NYCHA Offers Free Tax Preparation For Residents And Low-Income New Yorkers

The New York City Housing Authority (NYCHA) – in partnership with the New York City Department of Consumer Affairs (DCA) and the Food Bank For New York City – announced today the kick-off of free tax preparation services across the five boroughs, ensuring thousands of NYCHA residents and other low-income families receive the tax refunds they deserve.
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Bronx Food Tech Event

Bronx Borough President Ruben Diaz Jr.'s office, along with the Bronx Overall Economic Development Corporation, The Bronx Chamber of Commerce, and Metropolitan College of New York, will host a Bronx Food Tech event.
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DCA 101: What Start-Up Businesses Need To Know About Consumer Protection Law

Department of Consumer Affairs (DCA) Commissioner Lorelei Salas today announced DCA 101, a new series of informational workshops provided by DCA lawyers to help New York City businesses understand and comply with the law.
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Opening A Small Business In New York

Many people consider opening a small business in New York because of the outstanding opportunities for growth available in the state.
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Ways To Manage Debt During The Holidays

The holiday season is upon us, which means most people get to spend more time with loved ones and enjoy some time off from work.
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The Amazon

I am finding out that discussing the Amazon HQ2 project in Long Island City is as treacherous as traveling down the Amazon River on a raft ─ full of wild rapids and deep trenches and home to biting amphibians. And that is just around people I love!

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.