Council paves way for conversion of Bronx jail into mixed-use development

The City Council on Thursday approved a plan to replace a Bronx juvenile detention center with a $300 million affordable housing and mixed-use project. The former Spofford Juvenile Detention Center will be razed to make way for a development dubbed “the Peninsula,” a collaboration between Gilbane Development, Hudson Companies and the Mutual Housing Association of[…]

National Cheat Sheet: Real estate industry braces for steel tariffs, Uber founder takes the reins of a real estate startup … & more

Real estate industry braces for tariffs as steel prices climb President Trump’s tariffs on steel and aluminum imports are already having an impact on the commercial real estate industry, as steel prices have climbed around 10 percent nationwide. Some projects are including a “steel tariff contingency” in their budgets, according to Paul Rohrer, a real[…]