Wednesday, March 6, 2013

Related, Hudson Partnerships to Invest $500M In Pension Funds For Sandy Reconstruction




National Commercial Real Estate News From CoStar Group





Related, Hudson Partnerships to Invest $500M In Pension Funds For Sandy Reconstruction



Four of New York City's largest pension funds have voted to invest $500 million in redevelopment of commercial and residential property in areas ravaged by Hurricane Sandy last October.

With leverage, the $500 million investment will result in a $1.5 billion capital infusion for potentially 3,000 housing units and 150,000 to 200,000 square feet of commercial space, according to City Comptroller John C. Liu, who made the announcement last week.

Collectively...






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