Lompscher hopes the city can increase the amount of apartments that are built each year to around 20,000, partly through companies her department controls.
As rail service has become faster, industrial developers are increasingly considering rail access in site selection.
REITs posted their best total returns in five years in 2019, reports Nareit. But the outlook for 2020 looks murkier.
Google’s parent Alphabet Inc. managed to grow its New York City workforce by thousands without provoking public ire.