New York Gov. Kathy Hochul on Monday held a roundtable with leaders from across the state to help build support for her “Let Them Build” agenda, a series of reforms intended to speed up housing and infrastructure development and lower costs as part of her 2026 State of the State. Among other things, the initiative entails reforms to New York’s State Environmental Quality Review Act and executive actions to expedite approvals for categories of projects that are subject to lengthy delays despite not posing significant environmental impact.
“New York has always been a state that builds, and with these reforms, we can recapture that ambition, making it easier and more affordable to build while preserving essential environmental protections,” Hochul said.
According to Hochul’s office, housing and critical infrastructure projects can take as much as 56% longer in New York State to get from concept to groundbreaking compared to peer states.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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