A practice setting aside half of the new lower-rent apartments built in New York City is drawing scrutiny from the federal government, triggering fears Mayor Bill de Blasio’s affordable-housing agenda will be undermined.
The kitchen at Wallflower, a petite restaurant and cocktail bar in the West Village, is one only a New Yorker could love.
The Lightstone Group is committing $2 billion to buying and developing hotel projects, reports Bloomberg. High apartment rents are spreading to smaller cities, according to CNBC. Abu Dhabi’s sovereign wealth fund is buying the new Edition hotel at 5 Madison Avenue, reveals The Real Deal. These are among today’s must reads from around the commercial real estate industry.
A successful change initiative should really be a combination of top-down and bottom-up communication. It starts with executives conveying the company’s vision and mission to all, and then inviting employees to be part of the journey and the solution.
The U.S. industrial markets have been chugging along with record-low vacancies, and the outlook appeared smooth for 2015—until a labor dispute slowed to a crawl work at 30 ports along the West Coast this past week.