The Real Deal New York

From the August issue: The condo market is losing steam, which may prompt more developers to earn advanced degrees in building student housing. Though dormitories remain well below rental housing on the totem pole of profit tiers in New York real estate, large-scale expansion by city universities means developers will stay busy meeting the demand for student housing. “There is a constant appetite in the academic community for dorms for their students, because frankly, without housing accommodations, it’s very hard to attract students,” said Jeffrey Levine, president of Levine Builders. more By The Real Deal staff