Political

Poor Door No More

door apartment building entrance

The staggering value of Manhattan’s residential assets has created a fairly surreal real estate market, an economy of “too much of a good thing.” Consider some of the ways in which Manhattan’s residential scene, particularly its upscale/luxury market, has achieved…

Footing the Bill for Affordable Housing

house frame

As a general rule, real estate development, whether residential or commercial, takes place in response to demand. Sure, we all know that isn’t always the case–in the Philadelphia/South Jersey areas, we’ve seen a few hotels and casinos built with considerable financing and…

Affordability in New York City

Bill_de_Blasio_11-2-2013

Development pipelines and market demand aren’t always in agreement with one another. For one reason or another, a developer may choose to push for a project that isn’t the most useful option for a market or submarket’s growth. I talked…

Lessons from the Private Sector

sell orlando mall

Retail mega-REIT Simon Property Group (NYSE: SPG) owns or has a stake in 264 million square feet of real estate worldwide. By contrast, the General Services Administration–the government agency responsible for federal property and logistics–manages 354 million rentable square feet.…