Why Watertown Is Seeking a Development—and a Home Price—Boom
“They’re bidding a little higher,” said Constantine Valhouli, cofounder and research director at NeighborhoodX. “I don’t see it being massively dramatic, but it’s sustainable, real growth.”
Long Island City Brokers Bemoan Loss of Amazon HQ, But Say Market There Still Strong
Constantine Valhouli, cofounder of real estate data firm NeighborhoodX, took a more contrarian view of the decision, saying that Amazon’s second headquarters was never going to be as “transformative” for New York as it would have for another, second-tier city. “Amazon’s decision to bring HQ2 to New York City added one more corporate headquarters to a city already full of them,” Valhouli says.
HQ2 Fallout: Is Amazon’s Loss Long Island City’s Win?
As Constantine Valhouli, director of research for real estate analytics firm NeighborhoodX, put it, things might actually be better for the city without Amazon on the ground. “Everything will be fine, if not even better than under the earlier agreement,” Valhouli said. “This protracted bidding process for Amazon’s HQ2 has felt like a reality show, where the cities are contestants bidding against each other for the privilege of hosting one of the wealthiest companies in the world. A dramatic twist at the last moment? It doesn’t even feel surprising anymore. It also feels like Amazon has overplayed its hand and risks turning public sentiment against them.”