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BOSTON—The plan identifies six transit-accessible areas at the edges of existing city neighborhoods where it could guide new housing and commercial growth, supported by public realm and climate investments. Those six areas are: Sullivan Square, Newmarket and Widett Circle, Fort Point Channel, Suffolk Downs, Readville and Beacon Yards.
NEW YORK CITY—According to a New York Building Congress report released today, last year's construction spending was $10 billion more than 2014's totals. In fact, after adjusting for inflation, 2016's construction spending bested the previous high-water mark reached in 2007 by 1%.
LOS ANGELES—O'Malley Miller of Allen Matkins says that he is already requesting reduced parking requirement on behalf of his clients to prepare for a future L.A. with driverless cars.
SAN FRANCISCO—Despite decelerating job growth and constraints on office and apartment rent growth, the region remains a top choice for foreign and domestic investors, as well as an innovation source that will drive long-term demand.
HUNTINGTON BEACH, CA—In our highly mobile society, the best tenants prefer to interact with apartment owners and managers digitally, and they will use social media to share their satisfaction level with others, say panelists at the IMN Multifamily Forum.
SAN DIEGO—The market is set to complete 1.5 million square feet of construction in 2017, which is expected to be the most active year in a decade, thanks to development of distribution buildings in Otay Mesa, Colliers' Mark Lewkowitz tells GlobeSt.com.
FORT WASHINGTON, PA—Acquired by Ethika in 2013 with fund sponsor Laurus Corp., the investors say they spent $2.5 million targeted renovation to public spaces and guest rooms, and selection of a new management company.