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Westchester's commercial real estate market is a mixed bag. Healthcare remains strong, multifamily housing may slow, office buildings face crisis.
In Westchester County, New York, real estate agent Pamela Grunstein is navigating a market that has 1.6 months of supply – a far cry from the 6 months or so that’s long been considered the ...
Two of its buildings are in Westchester, Barker Terrace in Mount Kisco and Sunnyside Manor in Yonkers. The exterior of 2 Sunnyside Drive in Yonkers, (apartment building) photographed Dec. 8, 2023.
2020s commercial real estate distress was a worldwide spike in commercial real estate distress that began in the 2020s in the wake of the COVID-19 pandemic and interest rates hikes by central banks in response to the 2021 inflation crisis. Although the increase in distress occurred globally it was most acute in the United States and China.
How did Westchester County's housing market do in November? The median price for a house in 2021 was lower than 2020, with 98 homes selling over $1 million.
Urstadt Biddle Properties, Inc. was a real estate investment trust based in Greenwich, Connecticut that primarily invested in shopping centers in New York, New Jersey, and Connecticut. As of October 31, 2021, the company owned interests in 79 properties comprising 5.1 million square feet of gross leasable area. [ 1 ]
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