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John Jordan is a veteran journalist with 36 years of print and digital media experience.
NEW YORK CITY—In a $734-million transaction that expands its Manhattan portfolio by 1.64 million square feet, Empire State Realty Trust Inc. reports it has completed the acquisition of the ground and operating leases at 112 West 34th St. and the ground lease at 1400 Broadway.
WASHINGTON, DC—A top official with the General Services Administration pledged before a House subcommittee on Tuesday that the agency will work to reduce its backlog of expired leases.
ARLINGTON, VA—A year after the Arlington Board approved its PenPlace site plan, Vornado Realty Trust has submitted its plan on the Pentagon City development's three open spaces and the initial reaction has been very positive.
NEW YORK CITY—Samsung Electronics North America has signed a long-term lease for the entire 55,000-square-foot 837 Washington St. building here.
SOUTH BLOOMING GROVE, NY—The Cordish Cos. and Penn National Gaming Inc. say they have signed agreements with the local unionized building trades and hotel workers for their proposed $750-million casino-resort to be built here.
CHARLESTON, SC—The turnaround of the former distressed Tides Condominiums is complete. After the ownership took over 50 foreclosed residences at the complex two years ago, it is now planning to build a fourth building at the property.
ATLANTA—Bethesda, MD-based RLJ Lodging Trust has purchased the 194-room Hyatt Atlanta Midtown here for $49.5 million, or approximately $255,000 per key.
BARNEGAT, NJ—Thanks to two new lease deals, Bayshore Plaza at Barnegat on Route 9 North here is now 100% leased.
ATLANTIC CITY, NJ—Donald Trump, the day Trump Plaza ownership issued layoff notices to 1,600 of its workers, says that he feels for the resort community he helped build.
ROCKVILLE, MD—Seeing data centers land across the border in Northern Virginia's Loudoun County, Montgomery County is hoping some grant funding can help level the playing field.
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
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Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource