Economy

“People are social animals and they want to congregate at shopping centers,” says Cox Castle & Nicholson's Gary Glick about the future of shopping centers.

Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Developers delivered enough big distribution buildings to boost vacancy, but e-commerce will keep fueling expansion.

The market failed to accumulate one million square feet of annual net absorption for the first time in five years, and it was the second consecutive year with negative net absorption in the final quarter.

There is a focus on building more affordable housing, but Century West Partners' Steve Fifield says what we really need is workforce housing.

The economic outlook for 2018 remains strong, but with rents continuing to increase, we may be hitting a ceiling in certain product types on tenant affordability.

"President Ford may have metaphorically told New York to drop dead in 1975—but this federal government is the most hostile and aggressive toward New York in history.”—Gov. Andrew Cuomo

The lawsuit continues but the $905 million sale of the largest federally subsidized housing complex in the country can proceed to the next step.