The median sales price for entering contracts in Brooklyn rose 73% year-over-year with inventory falling more than 22%, while Manhattan new development inventory rose 18% in 2017.

A continuation of the trends that shaped last year, such as more development of outpatient facilities and little change in cap rates or MOB pricing, should carry over to 2018, says Colliers in this <b>EXCLUSIVE</b>.

Developers are now aggressively demolishing fully functional buildings in order to build product more in demand, which has historically been a warning to a pending market correction, GlobeSt.com learns.

The City of Orange approves the development of a 402-bed student-housing building and adaptive reuse of a local historic asset for use as a museum and student-services center for Chapman University.