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In addition to the need to replace the power generated by the Indian Point nuclear power plants, the city also faces an aging energy infrastructure with more than 50%, or approximately 5,500 MW, of in-city generation produced by plants that are more than 40 years old.
3400 at CityLine has achieved wired certification for developments based on planned connectivity features that will ultimately ensure it will fit the needs of commercial tenants now and in the future.
Cautious optimism and the belief that the worst-case scenario has passed has investors feeling more positively and those on the sidelines waiting for the right opportunity are looking again, says JLL.
The report from Apartment List says the gap between new construction and job growth is particularly acute in many of the nation's largest cities, including San Francisco, Boston and New York City.
Vacancy rates in Downtown Los Angeles crept back up in the second quarter, but Collier's Nico Vilgiate says that the market is strong despite the numbers.
Citi has leased 10,900 square feet at the Roosevelt Island building and will house between 70 to 80 employees focused on its customer banking experience that partner with start-ups on innovative technologies and safeguarding clients' information.
With home prices reaching new heights in coastal Orange and L.A. counties, the Inland Empire is offering an attractive alternative for homebuyers seeking more affordability, Land Advisors' Winn Galloway tells GlobeSt.com.