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John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
NEW YORK CITY-It's a first-time deal for the two players, which closed on the purchase of the 600,000-sf asset today. Expect more Metro-area buys from the JV.
NEW YORK CITY-It's a first-time deal for the two players, which closed on the purchase of the 600,000-sf asset today. Expect more Metro-area buys from the JV.
NEW YORK CITY-A healthy economy and a fiercely competitive market drive law firms to top-tier city space with the expectation of future growth. But exit strategies always play into lease negotiations.
NEW YORK CITY-But a good chunk of that portfolio is already being flipped for $920 million to Kimco. One analyst comments on the REIT's ongoing acquisitive strategy.
NEW YORK CITY-But a good chunk of that portfolio is already being flipped for $920 million to Kimco. One analyst comments on the REIT's ongoing acquisitive strategy.
NEW YORK CITY-Legislation due in Albany in January would relieve S-corporations from longstanding double taxation. Insiders say the break could amount to $40 million.