Rick Lazio MBA Debates Pros and Cons of Multifamily Development
GlobeSt.com: At the MBA Summit, you came down pretty passionately on the side of multifamily housing development as opposed to single-family.
Lazio: One doesn't exclude the other, and there's an enormous need for both--especially because you have a new wave of immigration that will be fueling demand for both.
GlobeSt.com: At the same time, [fellow panelist and New Orleans Mayor Marc] Morial is right. Ownership does a better job at combating NIMBY-ism.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
