Economy

The new facility will help bolster trade at the Port of New York and New Jersey and create more than 2,700 new jobs, generated by construction and future tenants.

Experts at the San Diego CREW event this week opined the benefits of tax reform for commercial real estate properties.

The New York City Council passed a proposal to demolish the Spofford Juvenile Detention Center in the South Bronx and replace it with an affordable housing and jobs project.

In anticipation of a market correction, retail owners are bringing properties to market before the high pricing comes to an end.

Much of the growth is due to e-commerce, which now accounts for 10% of non-auto retail sales.

NYCEDC launches the creation of a community solar energy garden.

At the annual Pulse of the Port conference, economist Mario Moreno subsided talk of a potential trade war between China and the US and estimated record trade growth from China in 2018.

With the metro continuing to add jobs, current construction starts may not meet the demand for apartment units in the northern and inland parts of the county, Yardi's Doug Ressler tells GlobeSt.com.