Politics

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Camber Buys Linden Plaza Development in ENY for $1B

Camber Property Group has officially acquired the 11-building, 1,527-unit Linden Plaza apartment complex in East New York, Brooklyn, for nearly $1 billion, as reported by Commercial Observer. The property was purchased from Linden Plaza Preservation, an entity managed by RY Management, with the deal closing just before the new year. Rick Gropper, founding principal at Camber, described the acquisition as “a historic transaction and one of the largest multifamily transactions,” emphasizing its potential to significantly improve the living conditions for residents through a public-private partnership.

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Khari Edwards Unveils Innovative Digital Newsroom

Brooklyn Boro President candidate, Khari Edwards, unveils a cutting-edge Digital Newsroom to transform engagement with the public and the media.

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Mayor Adams Announces Migrant Shelter Closures

Relief Ahead as NYC Plans to Close 13 More Migrant Shelters, Including One of the City’s Largest

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Mayor Adams Unveils Bold Plan for NYC Families

In his fourth State of the City address at The Apollo Theater in Harlem, Mayor Eric Adams presented an ambitious plan to make New York City the safest, most affordable, and best place to raise a family. Building on accomplishments in crime reduction, housing reform, and economic relief, Adams introduced several new initiatives aimed at improving safety, housing, and affordability for working-class families across all five boroughs.

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NYC Aging’s BOOM! A Silver Dawning in American Cities

Groundbreaking event gathered top experts from across the country to chart the course for the future of aging in America

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NYC Congestion Pricing: Fees, Entry Points & More

New York City’s Congestion Pricing Program, launching January 5, 2025, aims to reduce traffic and improve air quality in Manhattan’s busiest areas. Vehicles will be charged fees to enter the Congestion Relief Zone, which includes Manhattan streets below 60th Street. Revenue generated will go toward public transit improvements

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Date Set for Brooklyn 2025 City Council Special Election

Mayor Eric Adams has announced that a special election will be held on March 25, 2025, to fill the vacancy in the 44th City Council District, a seat previously held by Councilman Kalman Yeger. Yeger will be stepping down from his role in the City Council to assume his new position as Assemblyman for the 41st Assembly District in Brooklyn, effective December 31, 2024.

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NYC Newswire, Lookatmedia™ Partner to Transform Local Media

PRESS RELEASE: Register to Download images (Text & Images Approved for Editorial Use)

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Eviction Rates Spike at NYCHA PACT Properties

A recent audit commissioned by New York City Comptroller Brad Lander reveals that eviction rates at Permanent Affordability Commitment Together (PACT) developments have surged post-pandemic, aligning more closely with private rental housing rates than traditional NYCHA units. Following the expiration of the eviction moratorium, eviction filings and executions accelerated across all rental housing but occurred at a significantly faster pace in PACT-managed properties.