Economy

"The dynamic of muted wage growth in the low-to-medium skill jobs and a growing middle-class renter cohort leads us to invest in the space that has the highest demand with little to no new supply,” says M. Patrick Carroll, chief executive officer of Carroll Organization.

Lawyer says he has known Transwestern's leadership for many years and been impressed by its commitment to excellence, integrity and shared purpose, along with providing sound advice to clients.

It is generally accepted that stock market volatility has no impact on the commercial real estate market, but the volatility in recent weeks could impact business confidence.

Although retailers/restaurants continue to lease retail space, others are closing down locations including some big box tenants who have been part of the retail landscape for many years.

It's toosoon to know if it is part of a long-term trend.

Long-term success will require close partnership among businesses, nonprofits, philanthropists, and local, state and federal government to rebuild in a more resilient way in preparation for future extreme weather.

The latest construction industry report optimistically indicates continued growth but also realistically lays out areas where activity is projected to slow down.

The State Comptroller's report notes that New York was one of just 11 states that sent more in tax dollars to Washington in federal fiscal year 2017 than it received. Only New Jersey, Massachusetts and Connecticut fared worse in terms of the tax/funding ratio.