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Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
With financing in place, construction will now begin on the 1.4 million-square-foot development that will encompass a full block and reach 27 stories.
In June Simon Property Group announced it was terminating its merger agreement with Taubman Centers because it had experienced a material adverse event with the coronavirus.
CVS Health and Aetna have invested a combined $1 billion plus in affordable housing and community investments since 1997.
Manhattan is also struggling with a high vacancy rate.
Combatting Covid-19 will be first on the Biden agenda, which would offer some relief to the commercial real estate community.
It is one of the largest commercial building sales in the US since the Spring.
Madison Realty Capital provided the financing and construction will begin next month on the 479-unit building.
The seller of the value-add property was a fund managed by New York-based DRA Advisors.
Colliers International Florida is marketing the Brickell Frame Art Site
The company had been occupying the space under a sublease.

From Placer.ai
Which US metros are poised for major consumer growth? This report reveals the 5 markets to watch in 2026, using location analytics to uncover the unique trends driving retail and dining foot traffic in each city.
Download Resource
From Assurant
Rising insurance costs and NOI pressure are making budget season tougher. Many operators miss the hidden costs of incidents that erode profits. This guide offers a risk audit strategy to see your full exposure and protect your assets.
Download Resource
From Assurant
Multifamily operators are facing high turnover and staffing shortages. Discover how centralizing administrative work can create consistency, reduce risk, and free up onsite teams to focus on improving the resident experience.
Download Resource
From Foxen
Most multifamily operators require renters insurance. Yet even with policies in place, coverage gaps still happen. Policies lapse. Coverage falls short. And too often, those gaps aren’t discovered until after a loss. This guide provides a practical framework to help you identify compliance blind spots, reduce exposure, and evaluate solutions that truly protect your portfolio.
Download Resource
From Foxen
What ancillary services do renters value most? Foxen surveyed nearly 1,000 renters to find out. The 2026 Renter Value Report breaks down which programs renters are most likely to pay for, what makes a monthly charge feel worth it, and how owners and operators can use those insights to strengthen retention and protect NOI.
Download Resource
From Green Street
The 2026-27 leasing cycle saw moderating rent growth and the softest pre-leasing finish in years. Download our annual report for a data-driven review of national, regional, and property-level performance trends shaping the market.
Download Resource
From Green Street
Stop wrestling with manual data. Connect your ChatGPT, Claude, or other AI tool of choice to Green Street's MCP Server, and turn one property address into a full valuation, sales comps, market intelligence, and news in seconds.
Download Resource
From Green Street
Fueled by AI, the global data center market is booming. This summary, generated in seconds with the Green Street MCP Server, covers U.S. and European market forecasts, recent sales comps, development activity, and key REIT analysis.
Download Resource
From Colliers
The extend-and-pretend era for commercial real estate is over. With interest rates high, borrowers face new challenges. This white paper explores the lending market reset and how to navigate maturing debt through restructuring.
Download Resource
From Placer.ai
The 2026 World Cup brought high expectations for a summer boom. This report from Placer.ai and Colliers uses foot traffic data to reveal a more nuanced picture of where economic value was actually created for retailers, restaurants, and property owners.
Download Resource
From Placer.ai
Traditional retail anchors are losing their pull. Discover how shopping center visit patterns are changing and what data-driven strategies landlords can use to build a tenant mix that drives frequency, dwell time, and growth in a new era.
Download Resource
From Assurant
As smart home devices become standard, renters increasingly expect tech support. This guide reveals key data on renter expectations and shows how offering tech support can reduce maintenance burdens and give your property a competitive edge.
Download Resource
From 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 Resource
From Assurant
With new units flooding the multifamily market, competition is fierce. Traditional concessions are not enough. This guide outlines modern strategies to reduce move-in friction and prioritize high-value amenities that drive long-term retention.
Download Resource
From Placer.ai
The pandemic relocation wave has cooled, but new migration patterns are emerging. This report uses location analytics to reveal where Americans are moving in 2026 and why, offering key insights for developers, investors, and retailers.
Download Resource
From Assurant
With rising property insurance costs and flat rent growth, the compliance gap is a significant risk. This guide provides a data-driven action plan for Multifamily Housing professionals to help close that gap, reduce exposure, and boost NOI.
Download Resource
From Placer.ai
Return-to-office mandates have their limits. This report dives into the data to reveal how convenience-driven behaviors are truly impacting office recovery, and CRE professionals can best adapt.
Download Resource
From Placer.ai
As consumers become more selective, which retail and dining brands are set to thrive in 2026? This report uses location analytics to identify 10 standout companies and the specific, data-backed strategies driving their momentum to help you inform your strategy.
Download Resource
From Placer.ai
Which US metros are poised for major consumer growth? This report reveals the 5 markets to watch in 2026, using location analytics to uncover the unique trends driving retail and dining foot traffic in each city.
Download Resource
From Assurant
Rising insurance costs and NOI pressure are making budget season tougher. Many operators miss the hidden costs of incidents that erode profits. This guide offers a risk audit strategy to see your full exposure and protect your assets.
Download Resource
From Assurant
Multifamily operators are facing high turnover and staffing shortages. Discover how centralizing administrative work can create consistency, reduce risk, and free up onsite teams to focus on improving the resident experience.
Download Resource
From Foxen
Most multifamily operators require renters insurance. Yet even with policies in place, coverage gaps still happen. Policies lapse. Coverage falls short. And too often, those gaps aren’t discovered until after a loss. This guide provides a practical framework to help you identify compliance blind spots, reduce exposure, and evaluate solutions that truly protect your portfolio.
Download Resource
From Foxen
What ancillary services do renters value most? Foxen surveyed nearly 1,000 renters to find out. The 2026 Renter Value Report breaks down which programs renters are most likely to pay for, what makes a monthly charge feel worth it, and how owners and operators can use those insights to strengthen retention and protect NOI.
Download Resource
From Green Street
The 2026-27 leasing cycle saw moderating rent growth and the softest pre-leasing finish in years. Download our annual report for a data-driven review of national, regional, and property-level performance trends shaping the market.
Download Resource
From Green Street
Stop wrestling with manual data. Connect your ChatGPT, Claude, or other AI tool of choice to Green Street's MCP Server, and turn one property address into a full valuation, sales comps, market intelligence, and news in seconds.
Download Resource
From Green Street
Fueled by AI, the global data center market is booming. This summary, generated in seconds with the Green Street MCP Server, covers U.S. and European market forecasts, recent sales comps, development activity, and key REIT analysis.
Download Resource
From Colliers
The extend-and-pretend era for commercial real estate is over. With interest rates high, borrowers face new challenges. This white paper explores the lending market reset and how to navigate maturing debt through restructuring.
Download Resource
From Placer.ai
The 2026 World Cup brought high expectations for a summer boom. This report from Placer.ai and Colliers uses foot traffic data to reveal a more nuanced picture of where economic value was actually created for retailers, restaurants, and property owners.
Download Resource
From Placer.ai
Traditional retail anchors are losing their pull. Discover how shopping center visit patterns are changing and what data-driven strategies landlords can use to build a tenant mix that drives frequency, dwell time, and growth in a new era.
Download Resource
From Assurant
As smart home devices become standard, renters increasingly expect tech support. This guide reveals key data on renter expectations and shows how offering tech support can reduce maintenance burdens and give your property a competitive edge.
Download Resource
From 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 Resource
From Assurant
With new units flooding the multifamily market, competition is fierce. Traditional concessions are not enough. This guide outlines modern strategies to reduce move-in friction and prioritize high-value amenities that drive long-term retention.
Download Resource
From Placer.ai
The pandemic relocation wave has cooled, but new migration patterns are emerging. This report uses location analytics to reveal where Americans are moving in 2026 and why, offering key insights for developers, investors, and retailers.
Download Resource
From Assurant
With rising property insurance costs and flat rent growth, the compliance gap is a significant risk. This guide provides a data-driven action plan for Multifamily Housing professionals to help close that gap, reduce exposure, and boost NOI.
Download Resource
From Placer.ai
Return-to-office mandates have their limits. This report dives into the data to reveal how convenience-driven behaviors are truly impacting office recovery, and CRE professionals can best adapt.
Download Resource
From Placer.ai
As consumers become more selective, which retail and dining brands are set to thrive in 2026? This report uses location analytics to identify 10 standout companies and the specific, data-backed strategies driving their momentum to help you inform your strategy.
Download Resource
From Placer.ai
Which US metros are poised for major consumer growth? This report reveals the 5 markets to watch in 2026, using location analytics to uncover the unique trends driving retail and dining foot traffic in each city.
Download Resource