Northeast

With so much market volatility and general uncertainty, it has become challenging to price deals.

Tucker Knight, Berkadia senior managing director and head of Texas originations, recently shared some insights on the impact of the Fed's interest rate decision and the lending outlook for Houston landlords.

Multiple published reports state the sale price for the property was $614 million, making the deal the largest sale price recorded for an office asset year-to-date in Boston's Central Business District.

Millennials and baby boomers are colliding in terms of health and wellness, says Dennis Frenchman, Director of the MIT Center for Real Estate.

The Philadelphia-based real estate investment advisory firm, also notes that it has begun capital improvements involving both interior and exterior upgrades at the nearly 467,000-square-foot property.

The CREFC-led group wants the Fed to extend its recently-announced Term Asset-Backed Security Loan Facility to include agency and private-label CMBS.

CEO Mark Hoplamazian and Chairman of the Board Tom Pritzker are forgoing 100% of their salaries, and Hyatt's senior leadership team is taking a salary cut of 50% through the end of May.

The deal brings the 120,000-square-foot industrial building in Bergen County to full occupancy, according to commercial brokerage firm NAI James E. Hanson.