Kushner Companies is making another big apartment play in the suburbs. The firm is in contract to pay $266.5 million for a portfolio of seven rental buildings in New Jersey and New York from First Real Estate Investment Trust of New Jersey, the seller announced Wednesday. The portfolio totals 1,058 units in garden-style apartments in the New Jersey towns of Wayne, River Edge, Westwood Hills, Rockaway and Redbank; and in Middletown, N.Y. There’s also a
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A Bronx senator and union laborers are helping to revive the fight to change wage rules for construction projects receiving public financing. Sen. Luis Sepúlveda is teaming up with Local 79 to push for amendments to and passage of legislation that would require more projects to pay construction workers prevailing wages. Prevailing wages are determined by the state Department of Labor, which bases the rates on union wages. Sepúlveda and Local 79 are holding a
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