Industrial

Gov. Andrew Cuomo announced today that ON Semiconductor has committed to invest more than $720 million over 10 years at the East Fishkill facility to establish its first 300mm chip manufacturing plant.

Personal income tax receipts for the year totaled $48.1 billion, a decline of $3.4 billion, or 6.6%, from 2017-18, primarily due to a decrease in estimated payments.

The industries with the highest growth over the year in the Orlando area in March were professional and business services with 19,100 new jobs and leisure and hospitality with 10,100 new jobs.

“Steve is an industrial veteran with an impressive amount of experience in the important Philadelphia and Lehigh Valley submarket,” HFF's Rusty Tamlyn says.

Flagler Village, a former neglected warehouse and residential district in Downtown Fort Lauderdale, is a case study of how an area's resurgence can be tied to the arts, culture and entertainment, similar to what happened earlier in the Wynwood section of Miami.

The first quarter of 2019 picked up where 2018 left off, with significant positive absorption, asking rents staying in line with expectations, and construction continuing at a record pace, according to a JLL report.

Industrial rents in the first quarter only increased $0.01 over the fourth quarter 2018, and this could be the beginning of trend.

Reinhart, the long-time general counsel for K. Hovnanian, will lead Brunelli's efforts to assist homebuilders and other developers, as well as buyers and tenants on mixed-use projects.