Economy

Cushman & Wakefield's economic overview and office leasing year-end data indicate large corporations still believe in New York.

“We have had fairly robust job growth but it is not translating into office demand growth.”

However, in the nation's most populated counties the opposite is true, says Daren Blomquist with ATTOM Data Solutions.

In 2018, says FGRT's Deborah Weinswig, expect shoppers to continue turning to new retailers, marketplaces and channels, “while retailers look for further collaborations to future-proof their offerings.”

A minority-owned firm is constructing the Grand, a project of 138 affordable apartments in Mt. Hope and University Heights.

The institutional-fund manager acquires Surf at 39, a 400-unit, coastal-infill multifamily asset here, and intends to upgrade units to meet tenant needs but keep it as a workforce-housing community.

Discovery Communications will relocate its global headquarters to New York City next year.

There were approximately 210,525 square feet of new leases and renewals executed in the three counties surveyed (Burlington, Camden and Gloucester), about half the total compared with the previous quarter.