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Enbridge to continue Line 5 operations past Governor Whitmer's shutdown orders

Enbridge to continue Line 5 operations past Governor Whitmer s shutdown orders
The company was given a May 12 deadline by the state to halt all operations.
and last updated 2021-05-12 22:24:58-04
LANSING, Mich. â In November, Governor Whitmer announced that she would shut down Canadian-based Enbridge s Line 5 pipeline, citing environmental concerns that the pipeline s infrastructure was outdated and at risk for an oil spill in the Great Lakes.
The deadline she set was 180 days from the announcement on May 12. At midnight on Wednesday, Enbridge will be officially past the deadline.
The pipeline company says that it does not plan to shut down operations unless a court or regulator instructs it do so. A spokesperson for Enbridge says the company believes the state does not have the power to stop operations and considers it a federal matter. ....

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Bosnian investors land $12M refi' for Astoria rental

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Arbor Realty Trust, a leading multifamily and commercial
mortgage lender, has financed Fannie Mae loans in seven states across the U.S.
The properties, made up of 1634 units, received $92.6 million in funding.
Ryan Duff of Arbor’s
New York City office originated the loans.
“Arbor has been able
to keep up with the preservation of affordable housing through Fannie Mae’s
mission-driven product lines during the pandemic,” Duff said. “While rates
remain competitive, we’re able to offer cost-effective, highly leveraged and
competitive structures to our customers for all of their multifamily financing
needs.”
Among the properties financed are 11-07 Welling Court in Astoria, Queens, which received $12.4 million in refinancing in the third quarter of 2020. The 28-unit complex features custom Italian-crafted kitchens and access to a landscaped roof deck with panoramic views, an outdoor kitchen and more. ....

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