Sloatsburg Food Pantry in Suffern Undertakes $ 200,000 Renovation, Suffern REIT Purchases LI Complex for $ 138 Million, Briefs
RCBJ-Audible (listen for free)
Sloatsburg Food Pantry Relocates to Suffern and Undertakes $ 200,000 Renovation Project to Meet Growing Needs of Hunger
The Sloatsburg Food Pantry has moved into the All Souls Community Church in Suffern and is undertaking a $ 200,000 renovation project to build a customer’s choice of indoor pantry, work area, and install refrigeration / walk-in freezer to ensure safe and proper storage of fresh food. The pantry is seeking community support to fund the renovation and continue its work.
Companies are invited to sponsor the Breaking Ground for Hope campaign with sponsorship levels of $ 5,000 for Platinum, $ 3,000 for Gold, $ 1,000 for Silver and $ 500 for Bronze. Recognition will be given during I Give Tuesday on November 30, 2021.
The COVID-19 pandemic has had a strong impact on feeding programs. Pantries, such as the Sloatsburg Food Pantry, have seen the number of families triple and the amount of food purchased from pre-pandemic numbers quadrupled. The Sloatsburg Pantry is the only pantry in western Ramapo providing nourishing and essential food for the most vulnerable neighbors, including children and the elderly. Throughout the pandemic, it has remained open, distributing to families via drive-thru and deliveries.
Each month, the pantry distributes 30,000 pounds of non-perishable food as well as an additional 12,000 pounds of meat, fresh fruits, vegetables, dairy products and bread to more than 660 families, or approximately 2,400 people.
Rockland REIT buys Long Island apartment complex for $ 138 million
Suffern-based Castle Lanterra Properties, a national real estate investment firm active in multi-family real estate across the United States, has acquired two Long Island apartment communities for $ 138 million.
The company acquired 303 Main Street in Hempstead (top photo) and 130 Hempstead Avenue in West Hempstead, both owned by UBS Realty Investors, based in Hartford, CT.
Both buildings were developed by Mill Creek Residential Trust, now based in Boca Raton, Florida.
The 150-apartment West Hempstead property, adjacent to the West Hempstead LIRR station, was developed in 2012 on the site that previously housed the courtesy hotel. It was sold to UBS in 2013. Eleven years remain on its PILOT deal. UBS paid $ 70.25 for the property. Castle pays $ 69 million.
The 166-apartment property in Hempstead Village, known as Metro 303, was built in 2011 and sold to UBS in 2014. Castle Lanterra is paying $ 69 million for the property. UBS paid $ 73.75 million.
The Town of Hempstead Industrial Development Agency (IDA) has approved the transfer of the PILOT agreements to Castle Lanterra.
Consumer prices in New York-New Jersey area rise in August
Prices in the New York-Newark-Jersey City area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), rose 0.1% in August after falling 0.1% in July, the US Bureau of Labor Statistics reported. today. Chief regional economist Martin Kohli noted that the August increase was largely due to rising energy prices. (The data in this report is not seasonally adjusted. Therefore, month-to-month changes may reflect seasonal influences.)
During the year, the CPI-U rose 3.7%. (See Chart 1 and Table A.) The index for all items less food and energy increased 2.6 percent during the year. Energy prices jumped 21.7%, led by higher gasoline prices. Food prices rose 3.8%.
Food prices rose 0.5 percent in August. Home grocery prices rose 0.4%, with four of six grocery categories posting increases. Candy and chewing gum, as well as snacks, were among the higher-priced grocery items in August. Outdoor food prices rose 0.6 percent.
From August 2020 to August 2021, food prices increased by 3.8%. Outdoor food prices rose 5.1 percent, while home food prices rose 2.7 percent.
The energy index rose 2.1% on the month, with home energy prices rising 2.9%. The increase is mainly due to the increase in electricity prices (4.8%). Natural gas prices rose 0.8%. Gasoline prices rose 0.9 percent, the smallest in a series of nine consecutive increases.
Energy prices climbed 21.7% during the year, largely due to a 42.3% jump in gasoline prices. Home energy prices advanced 10.2%, the fastest pace in more than four years. Electricity prices were 8.2 percent higher than a year earlier and natural gas prices were 10.4 percent higher.
All items less food and energy
The index for all items minus food and energy edged down 0.1 percent in August. Among the items with lower prices were housing (-0.3 percent) and recreation (-0.3 percent). A seasonal increase in clothing prices (5.6%), as well as higher prices for education and communication (0.9%) and for new vehicles (1.8%), more than offset the decline components.
During the year, the index for all items minus food and energy increased 2.6 percent. Price increases for housing (1.4%) and new and used motor vehicles (11.5%) contributed to the increase.