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NEW YORK CITY-Midtown South suffered the most, with an influx of more than 830,000 sf. The vacancy rate there hit 8.3% while Downtown and Midtown rose to 5.6% and 6.3%, respectively. Overall asking rents slipped $1.36 per sf.
NEW YORK CITY-Midtown South suffered the most, with an influx of more than 830,000 sf. The vacancy rate there hit 8.3% while Downtown and Midtown rose to 5.6% and 6.3%, respectively. Overall asking rents slipped $1.36 per sf.
NEW YORK CITY-The transaction is said to be the largest sale of US Government assets online. Hanover Capital's AssetOnsite allowed bidders to view details of three loans pools, including the results of due diligence.
NEW YORK CITY-REITs continue outperforming equities, but the small cap firms that led the way early in the year are loosing ground to the large caps. Bear Stearns analysts think this trend is sustainable.
NEW YORK CITY-The fund will invest in undervalued properties in metropolitan areas and then redevelop them. It expects to leverage its funding into $3 billion worth of real estate.
NEW YORK CITY-This building is the first residential housing constructed specifically for ExecuStay. It is part of the company's strategy to consolidate operations in centralized markets.
NEW YORK CITY-The new fund, which plans to seek an additional $150 million in capital, will invest in subordinate debt and specialize in deals worth $10 to $30 million. All asset classes in the US and Puerto Rico will be considered for its portfolio.
NEW YORK CITY-Metro New York/New Jersey and California will offer the best multifamily buys over the next five years. Areas to avoid are the Rust Belt and the South, particularly Central and Northern Florida.
NEW YORK CITY-Metro New York/New Jersey and California will offer the best multifamily buys over the next five years. Areas to avoid are the Rust Belt and the South, particularly Central and Northern Florida.
NEW YORK CITY-The Federal Reserve Bank reports that the condo and co-op markets have stabilized recently while the availability rates for office buildings continue to rise, although they remain at historic lows. The hotel occupancy rate is down 10% compared to last year.
