Northeast

The New York City metropolitan area remained the top market in the US with $28.7 billion in commercial/ multifamily construction starts, an increase of 10% after posting a 13% decline in 2017.

It is amazing to me that after such a long public process, and a big win, NYC may end up with nada, other than recognition of a city that can't get out of it's own way to promote growth.

The commission's report states that accountability and transparency has not meaningfully improved since its 2016 report was issued.

The team will engage in a value-add strategy focused on identifying under-managed and under-capitalized assets and will seek to create value by improving management, performing incremental leasing and increasing rents via strategic capital improvements.

“Rittenhouse Square is an ideal place for Spaces to open their second Philadelphia location,” says CBRE's Stephen Kriz. “Their unique coworking environment provides a strong collaborative workplace for the many entrepreneurs and corporate users in Center City.”

With David Violette's arrival, Lee & Associates New Jersey now manages more than 11 million square feet of New Jersey and Pennsylvania property.

The Opportunity Zone tax breaks aren't so simple—Anchin explains even if holding a qualified Opportunity Zone investment for 10 years, you will owe taxes in 2026.

Lauren Gilchrist, senior vice president and senior research director, JLL, is moderating the Neighborhoods in Transition Panel at this year's GlobeSt.com Philadelphia Conference on Wednesday