New York

Fast E-Commerce Growth Fuels Northeast Industrial Development

Mariah Brown |

The Northeast industrial region, with more than 30.6 million consumers and more than a third of the nation’s population within an eight-hour drive, has been a primary focus of industrial activity.

News

Bridge Investment Allocates $4.5B to Multifamily and Debt Strategies

Mariah Brown |

Bridge Investment Group, a privately-held real estate investment management firm, plans to complete a capital deployment of $4.5 billion of equity over the next three years.

News

PA Firm Acquires Avalon Multifamily in Shelton, CT

John Jordan |

The new ownership states that while the acquisition will provide immediate cash flow, Merion’s investment strategy includes the implementation of a value-add strategy including: unit interior upgrades, clubhouse and common area refresh, LED lighting upgrades, and property amenity upgrades.

News

Nightingale Properties and Wafra Capital Partners Secure $145M Financing

Mariah Brown |

Nightingale Properties and Wafra Capital Partners have secured a $145 million fixed-rate loan from SL Green and an undisclosed party for the acquisition to acquire 111 Wall St. in Downtown Manhattan.

News

Walgreen Exec. Named Americas COO of Workspace Provider The Instant Group

John Jordan |

Eliadis most recently served at Walgreen Co. for nine years in the real estate and finance divisions. His appointment follows the October 2019 hiring of CEO Joe Brady, who previously had served as divisional VP for real estate at Walgreen Co.

News

Investcorp-Brickman JV Spend $128M for Back Bay Mixed-Use Property

John Jordan |

The 184,643 square-foot complex is presently 94% leased to a 38-tenant roster and has recently benefitted from common area upgrades and building improvements totaling nearly $5 million, according to Newmark Knight Frank.

Features

“Good Cause Eviction” or “Universal Rent Control?” Threatens The Market

Mariah Brown |

Aside from sweeping rent regulation changes this past June. Another seismic change with respect to residential rental laws and regulation rules could well be on the way: "Good cause eviction."

News

Multifamily Trade Sets Sales Record for Chicago’s South Shore

John Jordan |

The deal announced by brokerage firm Kiser Group involves the 208-units located at 7500 S. South Shore, 6916 S. Clyde Ave. and 7038 S. Chappel Ave.

News

NY Investment Firm Buys Parsippany Buildings

John Jordan |

The Cherry Hill Road complex totals 191,249 square feet of office space and sits at the crossroads of Interstates 80 and 287, as well as Routes 46 and 202.

News

Deloitte Signs 110,000 SF Lease Deal at Downtown Morristown Project

John Jordan |

The deal is contingent on New York City-based SJP Properties and Scotto Properties of Morristown securing full municipal approvals for the mixed-use project that will feature two headquarters Class A buildings.