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UPDATE Agallas Equities Responds to Mayor’s Remarks on Possible Microchip Production at Kingsbridge Armory

By SÍLE MOLONEY
Agallas Equities, a Manhattan-based real estate firm, has blasted recent comments made by New York City Mayor Eric Adams on possible plans to start microchip production at the Kingsbridge Armory. As reported, Agallas filed a lawsuit on March 28 against NYC Economic Development Corporation (EDC), Andrew Kimball as CEO of EDC, 8th Regiment Partners LLC, a joint venture of Maddd Equities and Joy Construction, Bronx Borough President Vanessa Gibson and now former Deputy Bronx Borough President Janet Peguero over what it alleges was “the controversial selection” of the rival, chosen developer (8th Regiment Partners LLC) for the Armory redevelopment project announced in January.

Bronx Man Working as Former Manhattan NYCHA Super Gets 18 Months for Bribery & Extortion

By SÍLE MOLONEY
Hector Colon, a 47-year-old Bronx man and former superintendent for the New York City Housing Authority (“NYCHA”) was sentenced today to 18 months in prison for soliciting and accepting approximately $30,000 in bribes from contractors in exchange for awarding repair contracts or approving repair work worth at least $400,000, federal prosecutors said on Tuesday, May 6.

Norwood: Decatur Ave Home Used by Gang Broken into Again

By DAVID GREENE & SÍLE MOLONEY
Nearly five months after federal agents from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) raided a Norwood building used by gang members at 3267 Decatur Avenue, and almost two months after federal prosecutors announced the seizure of the building through the courts, to the relief of block residents, workers were seen sealing the two-story home at the end of March. One month later, on April 30, the home was broken into and not for the first time.