How Urban Real Estate Development Is Helping NYC Neighborhoods

The real estate platform is no doubt transforming the urban areas of New York City into breathtaking neighborhoods. Some few years ago, some neighborhoods in New York City were havens for drug trafficking, murder, and home to some of the most poverty-stricken individuals in New York. However, thanks to real estate development companies such as Joe Sitt’s Thor Equities, Spandrel Development, and Forester City Partner, the overall appearance of New York City has considerably changed.
Spandrel Development is involved in the development of residential and resort properties, while Forester City Partner is involved in the development of residential and industrial properties most commonly the transportation sector in the city. Some neighborhoods which were once poverty-stricken and drug infested have now being transformed into modern vicinities with beautiful apartments surrounded by lots of green spaces. In the long run, the quality of life of New York City residents has improved drastically.

Another positive impact that has been witnessed by the sprouting of real estate developments in the New York has been the fact that the tax incentive of the city has increased. With increased taxes, the overall livelihood of the New York residents has improved. For instance, better policing, improvement of infrastructure, better schools, and hospitals have all been made possible thanks to the development put up by the real estate agents.

Urban areas which were once termed as hotspots for drug traffickers and other petty crimes have been transformed into bustling streetscapes with rollicking nightclubs, quaint restaurants, and high-end boutiques. A perfect example can be seen in the Lower East Side and the Bronx.

Life in New York City has changed thanks to the vibrant nature of the city. For instance, more parks, concert halls, and movie theatres have been developed. Thanks to these facilities, more residents have had better choices to make when it comes to buying or renting condominiums, apartments, and modern townhouses.

Thanks to real estate development firms, empty nesters have decreased, and Millennials have had the opportunity to enjoy a more urbanized life coupled up by convenience and security. Apart from this, real estate developers have ensured that the people who live in these areas can easily access basic amenities and luxuries while at the same time carrying out their activities smoothly.

Various celebrities have made New York City their home and point of investment. Some of these celebrities are such as Bruce Willis, Mike Meyers, Bon Jovi, Jay Z, and 50 Cent. These celebrities have invested largely in the city, and it is not difficult to see why.

Categories: Economy
Comments Off on How Urban Real Estate Development Is Helping NYC Neighborhoods
Aug
31

Signs You Have to Update Your Windows in Maryland

When you’re in need of good window repair and are looking for only the best in your area, it’s best to go with a company that is not only local but also knowledgeable in the types of weather that effects your weather in each season. Just a few of the most notable thompson creek window complaints and replacement companies in your area might include John Betz, a top rated window repair company by Home Advisor, located in Silver Spring, MD. Another fantastic choice for your repair needs would be J Bryan Remodeling, LLC, which is located near Rockville, MD. Taking the time to look into some of these companies, you will find that their policies may differ slightly, but you are highly likely to find someone whose policy is in line with your best needs.

The reasons vary for why it’s important to replace your windows when it comes time, rather than just sealing up the edges with caulk every other year. It’s easy to see why the call of convenience would be tempting, when you can just get a sealant at the store down the street, why would you want to invest in the time and energy to replace? But when you’re seeking efficiency and quality over convenience and simplicity, only the best will do for your family’s dream home. Instead of having to patch things up when the colder seasons come, it’s wise to invest in a type of weather proofed window that will require little to no maintenance from the get-go. Getting to the heart of the issue instead of patching it up will be the most cost effective way to go about things in the long run.

Energy efficient windows don’t have to cost an arm and a leg but when you’re shopping for something that will last, that little extra charge is nothing for what could be prevented in the future. Since window repair companies, such as WindowPro, Inc, are just a phone call away with competitive hours and rates to work with, there’s nothing stopping you from setting up a time that works for you and your schedule. Many companies will even offer a free or low cost evaluation, in order to help you figure out why your energy bill spikes so much in certain months versus others. While it’s true that more power is used in the winter for heating, for example, it doesn’t hurt to try and figure out if there is a few hundred dollars you could be saving a year in energy costs.

Categories: Economy
Comments Off on Signs You Have to Update Your Windows in Maryland
Jun
09

Joint Venture in the Works for Top US Energy Companies

The energy industry has been very interesting to watch lately with all of the new global developments. Many companies are moving forward in the energy industry with innovative ideas and ventures. It is exciting to see all of these new companies flourish and it is even more exciting to see these companies join forces to usher in a new era in the energy markets. There are companies that are really rising to the top in the energy sector, and it is great to see these companies bring in new developments in the world of energy.

Privately owned gas producer, Cunningham Energy based in West Virginia, is teaming up with BE Resources in a joint venture that is sure to create some positive market movement in the future. This joint venture is being created to acquire 425 acres of oil fields in West Virginia. This will not only prove to be financially rewarding for the companies involved in this joint venture, but it will also be rewarding for the individuals and local economies involved with the sale of this land. There is a lot of land to be purchased, and it is sure to bring somewhat of an economic boom to those who are living in these areas of West Virginia.

To comply with joint venture policies, these companies will have to release news each 30 days describing the new activities that are going on in the organization. This will help the general public to have more of an opinion of this newly formed joint venture. These regulations are in place to not only keep the joint venture in check, but to also give the general public an opportunity to create their own views upon what is taking place in their local community.

It seems as though this new joint venture is creating a lot of buzz in the local communities of West Virginia, and also in energy sector. Needless to say, this joint venture is moving forward with great momentum, and many great things are still yet to come. This joint venture will create new opportunities in the local communities of West Virginia, while also giving a breath of fresh air into the somewhat stale energy marketplace.

Categories: Economy
Comments Off on Joint Venture in the Works for Top US Energy Companies
Jan
27

River Clean Up Initiative

More than 2,000 volunteers picked up more than 14,000 pounds of trash over a 50 mile stretch of river including 23 miles encompassing the American River Parkway. The initiative was “spearheaded” by Dart Container Corporation for the fifth year in partnership with the American River Parkway Foundation.

“One thing we’re very proud of this year is that what I call ‘water-based folks’ — boaters, divers, kayakers and canoeists — joined in,” said Stacy Springer, Event/Volunteer Coordinator of American River Parkway Foundation. Springer is one of three full-time staff at the nonprofit foundation.

During the cleanup Dart hosted a one-day foam drop-off station for residents to recycle and drop off foam products. Dart collected all the clean foam, such as cups, plates and protective packaging.

“The Great American River Clean Up continues to make an impact on the Sacramento community, and we’re grateful to have the long-term support of Dart,” said Springer. “We appreciate Dart’s dedication to preserving the Parkway and educating the community about recycling foam rather than littering or adding to our landfills.”

Dart employees not only demonstrate the power of beautification, but they help educate the public by showing how foam products are recycled. Anything labeled with the number six is recyclable and can be turned into popular products, such as, picture frames, crown molding and agriculture containers.

“We’re honored to partner with the American River Parkway Foundation for a fifth year. It’s a great collaborative effort to help the community clean up one of Sacramento’s most beautiful outdoor spaces, and educate residents about the value of recycling foam,” said Michael Westerfield, Corporate Director of Recycling Programs at Dart Container.

Dart Container employs over 7,500 people in 20 facilities in 6 countries. Kenneth Dart currently serves on the Board of Directors of Dart Container Corporation, which is the world’s leading manufacturer of foam cups and other food services products.

Sources:,

Categories: Economy
Comments Off on River Clean Up Initiative
Nov
12

Paying Online Sales Tax?

When it comes to paying online sales tax, it can be confusing. The sales tax doesn’t usually become clear until you receive and e-mail confirmation thanking you for your online order. Wouldn’t it be nice to know before you purchase your product what the sales tax is going to be? More and more online purchase cycles don’t introduce online sales tax until the very end of the order. So, is there anything you can do? According to Forbes, there are at five things you can do or understand before making your next online purchase.

Does the online store have a brick-and-mortar store in state? If you buy from a site that has a brick-and-mortar store in your state, you must pay tax. This is true even if you are purchasing a product to be ship out-of-state. How is the product distributed? Even if the online store you’re shopping at doesn’t have brick-and-mortar store in state, a warehouse or distribution facility may be enough for tax nexus with your state.

What is the Amazon tax? A number of states now have expanded connection called nexus. This connection makes sales tax apply. If you are in one of these states, expect to be taxed. Amazon currently collects sales tax in California, Kansas, Kentucky, New York, North Dakota, Texas and Washington. Between 2013 and 2016, Amazon will beginning collecting tax from Virginia, Indiana, Nevada, Tennessee and South Carolina.

Some online sellers make deals with particular states to remit tax for sales made to customers there. The online store might tell you about the tax, but more than likely, it’s added to the total when you’re checking out. The only states that don’t have sales taxes are Alaska, Delaware, Montana, New Hampshire, and Oregon. Most states, however, are taxed. In fact, 45 states and the District of Columbia have sales tax and a use tax.

Forbes wrote – Isn’t This Unconstitutional? No, it doesn’t appear to be although that may depend who you ask. In 1992, the Supreme Court ruled in Quill Corp. v. North Dakota that no state can constitutionally force an out-of-state merchant to collect sales or use tax unless it has a nexus—physical presence—in the state. But the Court actually invited Congress to pass a national law. The constitutional prohibition is only on the states.

Source:

Categories: Economy
Comments Off on Paying Online Sales Tax?
Oct
30

Commercial Real Estate “Strategic Alternative”

LNR Property LLC, is the nation’s largest commercial real estate lender with distinct capabilities in property development, specialty finance, asset management and investing. LNR recently decided to sell, calling it a “strategic alternative.”

According to the WSJ, LNR has been on the bidding block since this summer. Today, only three bidders remain, Lennar Corp’s Rialto Capital Management, Starwood Capital, and Island Capital Group. LNR’s business is expected to stay strong until 2017, creating a huge incentive for buyers. Out of the bidding race, Andrew Farkas‘ C-III Capital Partners, which is one of LNR’s largest competitors. C-III Capital Partners pulled out of the race because it wasn’t getting as much information about LNR as it wanted to.

C-III Capital Partners specializes in finding innovative debt solutions tailored to address specific needs. C-III Capital Partners offers a broad range of services including, primary and special loan servicing, loan origination, fund management and principal investment. Earlier this year, C-III Capital Partners announced its acquisition of NAI Global. NAI is the largest premier network of independent commercial real estate firms.

“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Mr. Farkas. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”

Sources:,

Categories: Economy
Comments Off on Commercial Real Estate “Strategic Alternative”
Oct
16

Offshore Wind Farm Could Benefit South Carolina

Not only could building an offshore wind farm produce thousands of jobs in South Carolina and billions in wages and government revenue, it will also produce massive amounts of clean, renewable power to use at local and regional levels. Good for the environment and for the economy. Over the years, South Carolina has attracted some of the most influential manufacturing companies pioneering the use of alternative energy and innovation all around. It should come to no surprise that South Carolina would become the home for alternative energy development.

According to a recent report, the offshore wind farm would create an average of more than 3,900 jobs per year during its 10-year construction period and over $2 billion in wages from 2016 to 2030. The development could also add about $630 million to state and local government revenues during the construction period. South Carolina officials agree, green power means jobs, government revenue and long-term growth.

The Director of S.C. Energy Office Ashlie Lancaster believes the development will boost the state economy, create green jobs, reduce fossil fuel dependency, and greenhouse gas emissions. Lancaster said, “Not only would an offshore wind industry help diversify South Carolina’s energy sources, it also would have the potential to generate thousands of long-term jobs and create a sustainable industry that could become the envy of the nation.”

Wind energy-related jobs make-up about 14% of the jobs in South Carolina with an average salary of $78,308. According to a survey at Clemson University, about 33 wind-related businesses call South Carolina home.

South Carolina, S.C. Secretary of Commerce Bobby Hitt told Clemson News, “Commerce supports ongoing research and development that will help further our state’s portfolio of alternative and sustainable energy, including wind…These industries can help fill the pipeline with high-skilled, high-paying jobs.”

The US is at a turning point – One study suggests that the US could harness more than 1,300 gigawatts (GW) of energy from coastal waters. That much energy could power 14 million homes, create over 300,000 new jobs and $200 billion in new economic activity.

Source:

Categories: Economy,Energy
Comments Off on Offshore Wind Farm Could Benefit South Carolina
Oct
10

More Good News About South Carolina Jobs

South Carolina is known for its prospering businesses especially in automotive and aerospace industries. In fact, jobs in South Carolina continue to grow as new businesses form and old businesses expand. BorgWarner TorqTransfer Systems, a 16-year-old South Carolina company, recently announced an exapansion in South Carolina that would result in the creation of over 30 new jobs. BorgWarner TorqTransfer Systems, produces transfer cases and torque management devices for all-wheel drive passenger cars, crossover vehicles, sport utility vehicles and light trucks.

Andy J. Mickus, general manager at BorgWarner TorqTransfer Systems North America said, “Demand for our products has increased, and South Carolina has provided us with an excellent business environment, so this expansion is the right step for our company. We appreciate all the support we’ve received from state and local officials.”

South Carolina Secretary of Commerce Bobby Hitt said, the “announcement by BorgWarner shows that South Carolina’s reputation in the automotive club continues to grow. Our state’s business-friendly climate and skilled workforce continue to help our existing companies prosper and create new jobs.”

South Carolina is a great home for any business because of its stable job market. In addition to the stable job market South Carolina offers the lowest corporation tax rates in the nation and highly competitive wages for workers. South Carolina also provides businesses the opportunity to maintain low operating costs, including:

  • A 5% corporate income tax rate
  • No state property tax
  • No local income tax
  • No inventory tax
  • No sales tax on manufacturing equipment, industrial power or materials for finished products
  • No wholesale tax
  • No unitary tax on worldwide profits

Click to read more information about SC employment.

Source:

Categories: Economy
Comments Off on More Good News About South Carolina Jobs
Sep
07

McCall Farms Inc. Expands

McCall Farms Inc., producer of Southern canned and frozen vegetable foods, announced expansion of existing operations in Florence County, South Carolina. The company plans to invest $10.6 million dollars, which will generate 80 new jobs over the next three years.

“We are excited to see our company expand again in Florence County. Our business has grown significantly and we have a wider reach than ever. South Carolina has been a great home for our company, providing an excellent business environment and a fantastic workforce. We look forward to continuing to build on our success and appreciate all the support we’ve received from state and local officials,” said Marion Swink, president of McCall Farms Inc.

McCall Farms ships food to retailers, foodservices and industrial customers through the U.S. South Carolina Gov. Nikki Haley said, “South Carolina continues to be the place to do business, and we see that with expansions like this one by McCall Farms in Florence County. We celebrate the company’s decision to invest $10.6 million and create 80 new jobs. Announcements like this one show we are on the right track with our economic development efforts.”

McCall Farms expects to finish expansion this October. “Agribusiness continues to be the bright spot in South Carolina’s economy, adding new investments and creating jobs. The McCall Farms announcement is another great example of that,” said South Carolina Agriculture Commissioner Hugh Weathers. “A family business dating back almost 175 years, McCall Farms illustrates the importance of supporting existing agribusiness expansion in the state. I am proud to work with the Swink family and to help encourage their significant contribution to our state’s economy.”

McCall Farm’s produces its products on its 2,000-acre South Carolina farm. McCall also contracts with farmers in Florida, Georgia, and the Carolinas for another 15,000 acres. Overall the company produces about 40 different products. The McCall Farms’ website is loaded with product information and ingredients.

Source:

Categories: Cooking,Economy
Comments Off on McCall Farms Inc. Expands
Jul
23

Reduce Energy Consumption by 20-30% – Save $2.8 Billion

Saving $2.8 billion and reducing energy consumption by 20-30% represent a tremendous success. Energy Education clients celebrate success like this everyday – Totally more than $2.8 billion in utility costs over the last 26 years and significantly reducing their carbon footprint.

“We help our clients manage more than $1 billion in annual utility costs. Most of that money is from public funds and every penny is essential. Our engineers and consultants help clients identify ways to cut 20, 30, 40 percent and more from previous energy use — that saves those public funds. It saves natural resources by reducing CO2 emissions. It has a ripple effect. Because our clients can do more with the funds they have, they can better serve their communities.” said Dr. Randy Hoff, Energy Education’s Chief Executive Officer.

Utility cost is one of the biggest expenses for many organization. The price of electricity, natural gas, heating oil and water have steadily increased over the past few years. Energy Education help’s organization not only rind green solutions, but saves organizations money. Energy Education implements comprehensive organizational-based energy conservation programs in schools, colleges, and universities. Recently, one of Energy Education’s clients, a school district in Sioux Falls, SD, not only saved money, but was also able to give teachers a small raise. The school district is expecting to be give an even bigger raise at the end of next year.

Comments Off on Reduce Energy Consumption by 20-30% – Save $2.8 Billion
Apr
25