The new “Allied Health and Natural Sciences Life Sciences Center” will feature modern instructional labs, lab support areas, faculty offices, general classrooms, student spaces, and campus services.
The acquisition of the two adjoining properties represents a strategic opportunity to create a best-in-class new building on a prominent development site in the heart of Midtown East.
This incentive has long been a vital program support. By offsetting potential vacancy costs while applications are pending it makes landlords more willing to participate in CityFHEPS.
Home prices have been rising faster in the Midwest, due to affordability, and the Northeast, due to limited inventory.
WASHINGTON—Seventy-five percent of metro markets (170 out of 228) registered home price gains in the second quarter of 2025, according to the National Association of Realtors' Metropolitan Median Area Prices and Affordability and Housing Affordability Index. This is down from 83% in the first quarter. Five percent of metro areas recorded double-digit price gains in the second quarter, down from 11% in the first quarter of 2025.
The national median single-family existing-home price grew 1.7% year-over-year to $429,400—a record high. In the first quarter, the national median price increased 3.4% year-over-year.
(year-over-year change)
Northeast: $527,200 (+6.1%)
Midwest: $328,800 (+3.5%)
West: $646,100 (+0.6%)
South: $376,300 (No change)
“Home prices have been rising faster in the Midwest, due to affordability, and the Northeast, due to limited inventory,” said NAR Chief Economist Lawrence Yun. “The South region – especially Florida and Texas – is experiencing a price correction due to the increase in new home construction in recent years.”
“Home sales and the homeownership rate are underperforming relative to job growth,” added Yun. “There have been over 7 million net job additions compared to the pre-COVID peak. However, elevated mortgage rates have kept home sales below pre-COVID levels. The homeownership rate has fallen by a full percentage point since early 2023. If interest rates decline, the strongest release of pent-up housing demand is likely to occur in states with significant job growth in recent years, such as Idaho, Utah, the Carolinas, Florida, and Texas.”
Toledo, OH (10.5%)
Jackson, MS (10.5%)
Nassau County-Suffolk County, NY (9.6%)
New Haven-Milford, CT (9.0%)
Reading, PA (8.3%)
Springfield, MO (8.2%)
Akron, OH (8.1%)
Montgomery, AL (7.9%)
Cleveland-Elyria, OH (7.8%)
Rochester, NY (7.8%)
San Jose-Sunnyvale-Santa Clara, CA ($2,138,000; 6.5%)
Anaheim-Santa Ana-Irvine, CA ($1,431,500; -0.4%)
San Francisco-Oakland-Hayward, CA ($1,426,000; -1.6%)
Urban Honolulu, HI ($1,148,600; 4.3%)
San Diego-Carlsbad, CA ($1,025,000; -2.4%)
Salinas-Monterey, CA ($978,400; -5.5%)
Oxnard-Thousand Oaks-Ventura, CA ($958,100; 3.3%)
San Luis Obispo-Paso Robles, CA ($928,000; 3.7%)
Los Angeles-Long Beach-Glendale, CA ($879,900; 2.9%)
Boulder, CO ($859,500; -3.2%).
The new “Allied Health and Natural Sciences Life Sciences Center” will feature modern instructional labs, lab support areas, faculty offices, general classrooms, student spaces, and campus services.
The acquisition of the two adjoining properties represents a strategic opportunity to create a best-in-class new building on a prominent development site in the heart of Midtown East.
The New York metro region ranked No. 2 in terms of total value of homes with severe or extreme flood risk at $295.3 billion. Miami came in first place with $306.8 billion facing severe or extreme flood risk.
Options 1A and 1B, which would have retained a traffic diversion structure and provided post-construction access to it for local-road vehicles or buses, have been dismissed from further consideration based on feedback from the local community.
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