SL Green JV Sells Procession House for $100M
NEW YORK CITY-SL Green Realty Corp. sold the asset--by selling the ownership entity, Jersey Property Unit Trust. Goldman Sachs is the major tenant with a lease that extends another 11 years.
IRVINE, CA—Following an extended period of strong growth, “pricing across commercial real estate has entered a period of lethargy during the past three months,” says Peter Muoio at Ten-X.
NEW YORK CITY—“We believe that the outlook for the multifamily and student housing sectors remains strong,” says Investcorp’s Herb Myers.
SAN DIEGO—Consumers are spending more money on experiences than material goods, including their homes, which gives the CRE industry insight into future projects and planning, MasterCard’s Sarah Quinlan tells attendees at MBA’s CREF/Multifamily Housing Convention & Expo 2017.
SAN DIEGO—Speakers during the general session Monday at MBA’s CREF 2017 conference say that the blueprint for the future will focus on effective flow of capital, transformational technology, and on achieving meaningful diversity in our industry.