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More Turbulence Expected for NYC’s Real Estate Market in 2023


After a less than stellar 2022 for the New York City real estate market, the new year isn’t expected to bring much relief for landlords. An economic slowdown, rising interest rates and remote work will continue to weaken office leasing and are expected to cause the value of real estate sales to drop 15.9 percent… Read more »

Adams Reveals Plans for NYCFC Soccer Stadium, Affordable Housing at Willets Point


After more than a decade of negotiations, New York City has finalized a deal to build a professional soccer stadium and affordable housing at Willets Point in Queens, next to Citi Field. The stadium will offer a permanent home for New York City Football Club (NYCFC), the city’s peripatetic professional soccer team that has played… Read more »

Developers’ Next Big Challenge: Finding A Way To Measure Social Impact Of Buildings


A focus on incorporating Environmental, Social and Governance best practices, or ESG, into development has sharpened in recent years. But tracking the social element, calculating output and returns, is complex — and becoming more crucial as investor interest and funding grows. “We don’t have good measures for ‘S’ right now. You know, for E, we… Read more »

Better Infrastructure Could Goose Return To Downtowns


The Federal Aviation Administration Tuesday approved the $2.1B LaGuardia AirTrain proposal, which is set to bring 3,000 construction jobs and add over $50M in local infrastructure improvements to the Queens airport’s surrounding neighborhoods, according to the Port Authority of New York and New Jersey’s proposal. The project, first proposed by Gov. Andrew Cuomo in 2015,… Read more »

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