NEW YORK CITY-It was just the first week of school when GlobeSt.com's Rayna Katz caught up with Rosemary Scanlon, dean of the NYU Schack Institute of Real Estate but—by several indications—the industry already was looking like a bright place for students' futures. The Dean will address one of the more important indicators of growth at RealShare New York on October 8^th when she presents information on development.

In the meantime, Scanlon had some thoughts on the matter. “New York City has recovered faster than any other part of the country,” she said. “Bank rescues by Washington, DC were largely of our banks, and the fact that tourism has kept up, cultural facilities have stayed strong, and there's been great residential development throughout the city—especially in the boroughs—makes a difference too. Once banks see this, development projects are ready to roll.”

A variety of projects underway around town, such as Hudson Yards, Atlantic Yards and the World Trade Center are “giving us investment in infrastructure,” Scanlon continued. “They are creating land by decking over both Hudson and Atlantic Yards, and with the World Trade Center we will have the new Path train station and the Fulton Transit hub,” she says. “If they're well-planned and well-done, they allow for a mix of uses that aren't otherwise possible in New York because it's so built up.”