Most people don’t know how commercial real estate is owned and funded. Who profits from the places that you live and shop?
Who is building New Rochelle?
The short answer is not you and probably not anyone that you know. That’s a strange notion. One hundred years ago, everything that you invested in was local and now nearly nothing is. And local people, local families used to owned the local real estate. People who were invested in the community used to be part of the decision making of what got built.