Why You Shouldn’t Fret About Rising Apartment Vacancies

While vacancy rates have increased this year, they are still well below the long-term average of 5.2% to 5.4%

       

source https://feeds.feedblitz.com/~/640548990/0/globest/new-york~Why-You-Shouldn%e2%80%99t-Fret-About-Rising-Apartment-Vacancies/

New York City Posts $1.4B Loss in Tax Revenue

REBNY’s key economic indicators have been sobering: New York City and state lost $1.4 billion in tax revenue due to significant declines in real estate market activity brought about by COVID and the downturn.  

       

source https://feeds.feedblitz.com/~/640463202/0/globest/new-york~New-York-City-Posts-B-Loss-in-Tax-Revenue/

New York City’s Industrial Stock is Outdated. Here’s How Developers are Responding.

End users need efficient, connected and modern space in the outer boroughs.

       

source https://feeds.feedblitz.com/~/640426224/0/globest/new-york~New-York-City%e2%80%99s-Industrial-Stock-is-Outdated-Here%e2%80%99s-How-Developers-are-Responding/

Berkadia Surpasses $3B in HUD Production To-Date in 2020

The firm’s HUD-specialized team has completed more than 169 deals this year, and is on track to have its strongest year yet.

       

source https://feeds.feedblitz.com/~/640400750/0/globest/new-york~Berkadia-Surpasses-B-in-HUD-Production-ToDate-in/

Madison Taps Urban Edge’s Kupperman to Head its NYC Retail Portfolio

Kupperman will oversee more than 2 million square feet of transit and tourist-based retail space in New York City and the Tri-State region.

       

source https://feeds.feedblitz.com/~/640388788/0/globest/new-york~Madison-Taps-Urban-Edge%e2%80%99s-Kupperman-to-Head-its-NYC-Retail-Portfolio/

Companies Plan to Link ESG Goals to Executive Pay

A survey from Willis Towers Watson found that CRE companies are increasingly incorporating ESG goals into executive incentive plans.

       

source https://feeds.feedblitz.com/~/640332182/0/globest/new-york~Companies-Plan-to-Link-ESG-Goals-to-Executive-Pay/

Student Housing Vacancy Grows As Rents Rise

Student housing vacancy has surged by nearly 2% as operators await university plans for spring semester.

       

source https://feeds.feedblitz.com/~/640331706/0/globest/new-york~Student-Housing-Vacancy-Grows-As-Rents-Rise/

Cushman & Wakefield Hires Chief Diversity, Equity & Inclusion Officer

With more than 20 years of financial services experience, Nadine Augusta will aim to further develop the company’s global diversity, equity and inclusion strategy.

       

source https://feeds.feedblitz.com/~/640297202/0/globest/new-york~Cushman-Wakefield-Hires-Chief-Diversity-Equity-Inclusion-Officer/