Author name: niallogara

NYC Council Passes Aggressive New Zoning Plan Adding 80,000 Homes, Upgrading Infrastructure

NEW YORK—State and city officials hailed the New York City Council’s passage on Dec. 5 of New York City Mayor Eric Adams’ “City of Yes” zoning proposal that is expected to create 80,000 new homes in the five boroughs and spur billions of dollars in investment.
Characterized as “the most pro-housing zoning proposal in New York City history,” the plan’s passage comes as the city confronts a generational housing crisis with a 1.4% rental vacancy rate. The measure passed by a 31-20 margin.

NYC Council Passes Aggressive New Zoning Plan Adding 80,000 Homes, Upgrading Infrastructure Read More »

NYC, Building Trades Sign PLAs For $1B+

NEW YORK—New York City Mayor Eric Adams announced two project labor agreements (PLAs) with the Building & Construction Trades Council of Greater New York that will cover more than $1 billion in construction projects throughout the term of the agreements. These include generational infrastructure improvements in Willets Point in Queens and letters of intent on PLAs for tens of billions of dollars in additional project work in the city.

NYC, Building Trades Sign PLAs For $1B+ Read More »

Attorney’s Column – Court to Lienors: Itemized Statement of Lien Must Detail Extra and Base Contract Work

This column has often extolled the virtues of the mechanic’s lien as a powerful tool to assist unpaid contractors to get paid for their work. This tool, as a creation of statute, balances the power of the lien by offering protections for the party against whom the lien is filed. One of these protections is the ability of the party against whom the lien is filed to demand an itemized statement of the items comprising the lien, which is to be sworn to by the lienor.

Attorney’s Column – Court to Lienors: Itemized Statement of Lien Must Detail Extra and Base Contract Work Read More »

Economic Outlook – Highlights of Trump Budget/Economic Plan On Tax Rate Cuts, Social Security Benefits

The 2024 Republican Presidential campaign and transition committee has endorsed several economic and tax-related policy proposals. Basically, it supports extending the expiring provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and recommends additional reductions in the corporate tax rate to 15%. In addition, the committee favors eliminating income taxes on Social Security benefits. The committee has also put forward several trade policy proposals to impose new taxes on imported goods and services, including a 10% across-the-board tariff on all imports and much higher targeted tariffs. Key implementation details, however, are yet to be decided.

Economic Outlook – Highlights of Trump Budget/Economic Plan On Tax Rate Cuts, Social Security Benefits Read More »

E-J Electric Installation Co.

NEW YORK—E-J Electric Installation Co. is pleased to complete a yearlong celebration of its 125th anniversary this month, guided by four generations in this family-owned business, which has upheld a reputation of unparalleled integrity, quality, service, and innovation. E-J has remained one of the oldest, privately held companies and one of the largest electrical contractors in the United States. The New York-based firm has a presence in six states, including a recent expansion into Arizona and Massachusetts.

E-J Electric Installation Co. Read More »

New York City Update – $10B Midtown Bus Terminal Plan Gets Final Federal, City Approvals

NEW YORK—The Port Authority of New York and New Jersey in early December received final and complete approval from the Federal Transit Administration and the City of New York to move forward on the project to replace the aging Midtown Bus Terminal with a world-class facility. Each entity conducted its own separate and thorough review of the proposed project.

New York City Update – $10B Midtown Bus Terminal Plan Gets Final Federal, City Approvals Read More »

Scroll to Top