This year will see the delivery of more new apartment units than any year since the 1980s, according to the Wall Street Journal. Coney Island shop owners are looking at rent increases of up to 400 percent, reports The New York Times. These are...
Home construction outlays, which account of almost 4 percent of GDP, increased for the fifth month in November.
Asking rents in the area have slipped and some of its largest merchants have closed stores in recent years.
