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Photo of conference panel Pinsky (at right) and other panelists cited the importance of community outreach.

NEW YORK CITY—Given the consistently high water marks the city has achieved in a number of metrics, from job growth to tourism, “New York City’s in a virtuous cycle,” RXR Realty’s Seth Pinsky said at this year’s RealShare New York conference Thursday. However, Pinsky pointed out, one byproduct of this success is a challenge in producing enough supply to keep up with demand, especially when it comes to affordable apartments. Moreover, he said, “our infrastructure is literally crumbling,” and not only transportation infrastructure.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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