Remove Equity Remove New York City Remove Residential
article thumbnail

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.

article thumbnail

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
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Buisness Facilities Contributed Content

They also will be eligible to give property tax abatements for new development, allowing cities like Camden to spur development and compete with Philadelphia for private-sector jobs and residential growth. Aggregate tax credits available to qualified residential projects under ERG are limited to $600 million.

Zoning 47
article thumbnail

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. Residential, casino and gambling institutions. The maximum award is a $50,000 grant. 40% JDA Loan. Not Eligible.