In March, Manhattan saw the opening of Phase I of Hudson Yards, a 28-acre, $25 billion rail yard redevelopment that is creating a new commercial district within New York’s Midtown South submarket roughly the size of Stamford, Conn.
Strong economic and population growth in secondary markets is leading to increased investment in industrial real estate in those areas, according to industry experts.
ONLINE ONLY USDA ORDERED AUCTIONS Online Bidding May 30 through June 5 10:00AM - 34 Unit Senior Apartment Building in Berlin Borough, PA. 10:15AM - 32 Unit Senior Apartment Building in Salisbury Borough, PA. Offered Separately. Bid Your Price. Only $100,000 Starting Bids Warner Real Estate and Auction Visit WarnerRealtors.com or call 856.769.4111 for details and online bidding.
The long-term vigor of the U.S. economy may be at risk as middle-class households are squeezed by slow growth in income and wealth and rising costs for housing, health care and education, Federal Reserve Governor Lael Brainard said.
The New York Times looks at how real estate developers benefit from tax loopholes. Hotels are starting to feel the impact of slower economic growth, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
