NYC is behind in meeting its solar energy goals. Can it catch up? "New York City has pledged to reach 1,000 megawatts of solar energy by 2030 — enough energy to power 250,000 homes, according to the Mayor’s Office of Environmental Justice. But state data shows that its current pace of installation will land short of that goal, leaving officials and advocates looking for ways to break down barriers to installation." (Gothamist)
Manhattan real estate sales plunge 38%, but cash deals hit all-time record "The drop in sales and prices follows a 29% decline in the fourth quarter, and suggests that the nation’s largest real estate market is correcting after a post-pandemic boom in prices and demand." (MSNBC)
An NYC real estate investor explains why the 'golden age' of being a landlord is over and he's switching to 'safer' investments "Thypin told Bloomberg that being a landlord gives him less bang for his buck than it used to: That's because of the increased costs associated with owning and renting out property, he said, but also because of a 'growing class of renters' in the 21st century who are mobilizing politically against landlords — namely, groups that fight for 'just cause' evictions, against rent hikes, and for other tenants' rights issues." (Bloomberg)
2022 Was the Deadliest Year in NYC Construction Since 2019 "Eleven construction workers were killed on the job in the five boroughs last year, up from nine deaths in 2021 and eight in 2020, though still lower than 2019’s figure of 14 fatalities, according to the DOB. Similarly, the number of workers injured on job sites in 2022 — 554 — was about 50 more injuries than in 2021 and 2020, but still lower than 2019’s figure of 594 construction site injuries." (Commercial Observer)
