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Young Professionals Have Returned to Cities, Impacting Rents

Pro Builder

Young professionals have returned to cities, pushing apartment rents up and taking the stock prices of apartment companies with it. The FTSE Nareit Equity Apartments index, which tracks publicly traded apartment companies, increased 42% since January 2021. Wed, 08/04/2021 - 10:00. That’s 25% more than the S&P 500.

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Millionaire Sitt Invests $1 Million To Improve NYC Airport Infrastructure; Launches Global Gateway Alliance

Buisness Facilities Contributed Content

Sitt, CEO of Thor Equities is taking it upon himself to improve the infrastructure of New York City’s airports. ” Sitt continues, Our airports are often the first and last impressions visitors have of our City and country, and every bad first impression has a direct impact on economic activity.

professionals

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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.

ULI 83
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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson.

Zoning 47
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New York Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Borrowers must have at least a 10% equity interest in the project or business. Eligible applicants include New York State manufacturers that employ fewer than 500 workers. 10% Borrower Equity. a food market site with a customer base of 50% or more living in a low-income census tract. 40% JDA Loan. national average.