NYC Outer Boroughs Lure Hungry Developers

Law360, New York (March 13, 2013, 7:17 PM EDT) -- Real estate projects in New York City’s outer boroughs are on the rise, both on the waterfront close to Manhattan and further inland, as residential and retail developers look to tap new tenant markets in their search for safe yet steady investments.

New York's residential real estate market has always been seen as something of a conservative “safe bet,” even during much of the downturn, and experts say that as demand continues to rise for multifamily properties, developers are looking deeper and deeper into Brooklyn, Queens,...
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