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NYC Approves New Budget with $5 Billion Affordable Housing Allocation
NYC Mayor Eric Adams and the city council reached an agreement on the city’s $101B budget for 2023. $5B is allocated toward affordable housing, which is higher than original expectations. This is part of a larger movement in the city to create units for locals who are being priced out of other upscale projects.
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NYC Mayor Eric Adams Labels NYC A “City of Yes” for New Development
Mayor Adams’ statement comes a day after a Harlem development project was tabled by the developers, rather than waiting to see it get turned down in council. Adams is proposing more ambitious zoning rules for the city that will allow for more jobs and housing. More creative housing projects will come to the city in…
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Rhode Island Real Estate Market Faces Unstable Office Demand
As with most major US metropolitan areas – Providence is in a time of uncertainty. After five months of stagnant office space demand, March was punctuated by a 20% increase in demand versus the trailing 3 months. Developers and investors alike are unsure of the longevity of this demand.
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New Jersey Real Estate Developers Work on Redevelopment Projects
Developers are looking to transform the New Jersey landscape with these new and exciting redevelopment projects as many of them are coming to fruition.
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Real Estate Developers Brooklyn Work on the Olympia Dumbo and More
Watch out Manhattan, Brooklyn is coming your way. Given all the attention on Manhattan development over the past few years, Brooklyn is on the rise with several exciting projects that are intended to transform the community. In addition to the beauty and attraction these projects will bring the borough, it will also increase the desirability…
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Philadelphia Real Estate Developers Have Diverse Projects in the Works
There are so many great development projects all over Philadelphia and a great variety of projects. Everything from large residential projects to theme parks outside the city to several life sciences projects solidifying Philly as an industry hub.
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NYC Real Estate Market: Top Real Estate Projects to Keep Your Eyes On
2021 was a massive year for real estate development in NYC, with the construction of several big projects. With that being said, 2022 is gearing up to be an even bigger one. There are numerous projects that are in the process of being planned out and constructed, ensuring some new buildings in the skyline!
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Boston Real Estate Development Firms Prevail
Demand for commercial real estate has maintained its strength in the greater Boston area. A lacking supply of industrial property has provided developers like Mutual Development Company the opportunity to pursue large scale projects, meanwhile, land prices in areas like Newmarket have reached an average of $10M per acre.
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Pittsburgh Real Estate Market: Long-Anticipated Projects Take Off
Pittsburgh has been recognized as being in a state of transition for a while now. The city was once an old steel town and has since transformed into a modern-day tech hub. We are seeing many new development projects around the city that have been at the heart of this transformation. Below are notable projects…