A housing lottery opened this week for 803 Glenmore Avenue in East New York, Brooklyn, putting another affordable project into the leasing pipeline. newyorkyimby.com
Commercial Observer argues Brooklyn's conventional development playbook is breaking down as land and construction costs outrun achievable rents. commercialobserver.com
The Real Deal reports Manhattan rents held flat near $4,900 in September even as mortgage rates pushed broader rental demand higher. therealdeal.com
A new Buildots global benchmarks report finds nearly 40% of planned weekly construction work goes undelivered on jobsites worldwide. prnewswire.com