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Top Story

Manhattan Investment Sales Value Falls Dramatically in First Half of Year

According to a report released by the Real Estate Board of New York, year-to-year total investment sale consideration declined 39% to $18 billion citywide, while the total number of transactions declined 6% to 2,419 in the first half of 2017.

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New York Headlines

WeWork Signs Four-Floor Lease at 115 Broadway

NEW YORK CITY—Co-working and office space provider WeWork has signed a lease for 85,000 square feet at 115 Broadway in the Financial District. The…

WinnCompanies Names Development Team for $1.6B Project

WinnCompanies reports that the AFL-CIO Housing Investment Trust will serve as the financing partner for the redevelopment project that will take place in four phases.

Toll Brothers Begins Historic Westchester Project

For Toll Brothers the project marks the firm’s entrance into the Harrison and Westchester County multifamily markets. For the Town of Harrison and the I-287 office market, the project involves the first conversion of an office building to residential use.

Spotlight On

10-State MOB Portfolio Trades to CBRE GIP

The properties will continue to be operated by a venture of Kayne Anderson and MB Real Estate Healthcare, which acquired them as part of 10 million square feet of medical office investments over the past four years.

Why Medical Rents Are Rising in San Diego

The surge in rental rates is directly correlated to a limited supply of available space, allowing landlords to simultaneously push rents and reduce concessions, C&W’s Travis Ives and Joe Zurek tell GlobeSt.com.

NYC-Based Sun Equity Partners Acquires CT Flex Building

Currently 72% leased, 710 Bridgeport Ave., which is located on a 36-acre campus, offers significant upside through further lease up, while having a strong credit rent roll, including PerkinElmer Health Sciences, Inc. (130,035 square feet) and Panolam Industries International, Inc. (79,000 square feet) that anchor the property, CBRE notes.

Current Issue

Cover Story

A Necessary Evolution

Despite the dire warnings about the death of retail, the sector remains healthy—perhaps even more so, thanks to the closings of underperforming retailers. That means opportunities abound for those looking to place capital into retail assets.

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