Bronx housing project tests out ballot measure’s speedier approval process

February 20, 2026 / no comments

A housing project in the Bronx will go through a speedier land use review process, the first to test out one of three housing-related ballot measures approved by voters in November.  The Powerhouse Apartments project will go through the Expedited Land Use Review Procedure, or Elurp, which will last 90 days instead of the usual 200-plus days required under the Uniform Land Use Review Procedure.  Developers Lemle & Wolff Companies, HELPDevCo and True Development New York plan to add 84 affordable housing units to the site at 351 Powers Avenue, which is currently being used as a parking lot for […]

This article originally appeared on The Real Deal. Click here to read the full story.

Blue Owl Denies Report Of Financing Issues On $4B CoreWeave Project

February 20, 2026 / no comments

Blue Owl Capital is pushing back against reports it struggled to find a lender for a $4B data center development under construction in Pennsylvania.
Business Insider reported Friday that the publicly traded firm looked for a lender for the CoreWeave-leased development in Lancaster but was unable to find any takers. Blue Owl denied it had any financing issues for the project in a statement to Bisnow. 
“The central premise of the Business Insider article — that we encountered financing challenges related to the Lancaster project — is incorrect,” the spokesperson said.