Northeast

L3 Capital has secured a $90 million floating-rate loan to finance a retail portfolio comprised of 11 assets in Williamsburg, Brooklyn, totaling 85,000 square feet in a prime retail corridor.

Commercial real estate stakeholders aren't leaving data privacy and security to chance in 2020. Stakeholders across the industry are clamping down as it becomes a pressing challenge among connected buildings.

Purchasing a home has become more attractive in many of the nation's largest metros.

The report notes that city's average daily rate rose 5.8% year-over-year to $202.41 and revenue rose 4.3% year-over-year to $707 million.

In recent years, some cities have seen large HQ relocations and business expansions into their region, creating thousands of new jobs and resulting in billions of dollars in capital investments.

BioReference Laboratories is the firm's largest tenant leasing more than 227,037 square feet in Elmwood Park spread across four buildings in Alfred Sanzari Enterprises' portfolio.

KBS Real Estate Investment Trust II sold the complex to an unidentified private buyer. CBRE, which represented KBS in the transaction, identified the new owner as a private New York City-based investor backed by offshore capital.

"Wow-factor water features can also deliver bottom-line marketing value."