Nearly two-thirds of participants in Levin Management's retail survey say it has become harder to find qualified candidates for jobs they are trying to fill, and employee pressure for higher wages and better benefits is rising.
Mayor Bill de Blasio has reached a deal with Related Companies and Sterling Equities to develop the Queens property outside Citi Field including 1,100 affordable homes.
Even with rising interest rates, there is still room for cap-rate compression driven by projected NOI growth at the property level and the appetite for institutional investors to increase their allocation to industrial, Bixby's Aaron Hill tells GlobeSt.com.
Part of Mayor Bill de Blasio's $3.7 billion investment in the New York City Housing Authority includes heat and hot water upgrades for 20 developments.