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Union Has a Problem With AvalonBay; Brooklyn's Hot Rentals

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NEW YORK—A white paper produced by property service workers union 32BJ-SEIU accused REIT giant AvalonBay Communities, Inc. with engaging in a pattern of worker safety violations at the company's construction sites around the nation. In addition, the report documents violations of wage laws by AvalonBay contractors. [Curbedwire Inbox]

BROOKLYN—According to an MNS rental report, the Brooklyn market is surging ahead after a relatively flat winter. Unit prices are up 1.3% across all sizes of apartments, but the price of 1BRs and 2BRs jumped 8% and 11% from a year ago, respectively. Bed-Stuy led the way in neighborhood price growth—prices of studios grew 9.8% year over year, and 1BR rents grew 7.9% during the same period. [Curbedwire Inbox; MNS]

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