Why CRE lenders want to see infrastructure investment
Many in the commercial real estate industry are speculating whether 2021 may finally be the year that the U.S. Congress funds a bipartisan comprehensive infrastructure plan. Ambitious proposals before U.S. Congress would modernize roads, bridges, ports and more—and conceivably serve as a strong economic stimulus. The CRE community may have plenty of reasons to get… Read more »
Not In My Back Highway: Inside the Fight to Rebuild the BQE in Brooklyn Heights
As the Brookyn-Queens Expressway (BQE) approaches 80 years old, the city has to decide what to do with the triple cantilever. DOT recently determined that, within five years, the cantilever will become structurally unsound and unable to carry the current amount of traffic. The agency is mulling whether it should be repaired in stages, rebuilt… Read more »
9 Big New York Infrastructure Projects
While New York City is an innovative and influential global metropolis, its aging and outdated mass transit infrastructure has not kept pace with other leading cities around the world. But leaders like Gov. Andrew Cuomo and New York City Council Speaker Corey Johnson have been looking to transform New York’s image – both downstate and… Read more »
Which Infrastructure Upgrades will get a Green Light this Year?
The race is on to lobby lawmakers and Gov. Andrew Cuomo on the state Department of Transportation’s next five-year capital plan. A coalition of construction and business groups called Rebuild New York Now is pushing for more funding of local transportation infrastructure, with a particular emphasis on small projects to fix issues with roads and… Read more »
5 Policy Issues That Could Affect Commercial Real Estate In 2020
Beneath the noise of the White House race, policy debates will take place from the halls of Congress to local city councils that could have significant impacts on the commercial real estate industry. Local and national policymakers will continue to put forward potential solutions to the housing affordability crisis, and major economic policies like trade… Read more »