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“With the ongoing migration from New York City, we anticipate multifamily development in the suburbs will reach a high in the next two years,” said Sarah Jones-Maturo, president of RM Friedland.
A survey of 70 domestic banks released in January by the Federal Reserve found that lending standards for commercial real estate loans of all types tightened during the fourth quarter of 2016.
The two-story property in the town of Eastchester houses a dozen retail and office tenants.