A Transwestern official tells Globest.com that the bidding for the property was intense with more than 300 confidentiality agreements from both domestic and international investors.

Commercial brokerage firm CBRE now reports that George Comfort has acquired the former Reckson Executive Park in Rye Brook.

The deal marks a shift in corporate purchasing strategy for the PIA Group from single-family to multifamily value-add opportunities.

Starwood Mortgage Capital, LLC of Miami originated $40.75 million for the 55 Miracle Mile mixed-use building in Coral Gables and The Nexus property portfolio.

Walmart officials called the closure decision difficult, but said it was based on the store's efforts to focus on supercenter-formatted locations.

At the mid-year point there is currently more than 5.5 million square feet of industrial space under construction in South Florida, a record high for the past 10 years, according to the Newmark Knight Frank second quarter report.

The 10-year lease deal with FMCG Direct, a Deluxe Financial Services Co., involves a total of 21,229 square feet encompassing the entire 37th floor of the 1.1-million-square-foot tower.

In New York City's Chelsea neighborhood alone, Knotel has been responsible for nearly 30% of all deal activity since January, the company states.