WeWork announced today that it has received the $6-billion investment from Softbank. A total of $5 billion is in the form of primary growth capital and the remaining $1 billion is in secondary capital, which will be used to fund share purchases from investors and employees.

The New York State Thruway Authority issued a traffic advisory warning motorists of heavy traffic delays in connection with the demolition that is scheduled to begin at 9: 30 a.m. on Jan. 12.

Back in June 2018, in another Texas multifamily purchase, the Praedium Group acquired the 260-unit Discovery at Mandolin Apartments in Houston, TX.

The purchaser, an affiliate of Salt Lake City-based Bridge Investment Group, has added nine senior housing properties to its portfolio with the deal to acquire Somerby, which is headquartered in Birmingham, AL.

"The sale of Elmsford Distribution Center serves as a significant milestone in our plan to strategically consolidate the Mack-Cali portfolio," says Michael J. DeMarco, CEO of Mack-Cali.

The package comes after Baltimore County agreed last month to provide $78 million in funding for infrastructure work at the 3,250-acre property.

Higher mortgage rates, uncertainty about the impact of the new federal tax law and challenged affordability continued (and) will likely continue to play a role suppressing sales levels in 2019,” Douglas Elliman states in the report.

A big plus for the New York City economy will be taxable real estate sales, which are predicted to grow 18% in 2018 to approximately $113 billion.