Northeast

Real estate investment trust Columbia Property Trust has completed its acquisition of development and operations firm Normandy Real Estate Management, reaching an agreement on anticipated investments, business management and leadership appointments.

The local community culture can make or break a master plan design and amenity options.

Life House, a tech-enabled lifestyle hotel company, has closed $30 million in a Series B fundraise.

In the firm's fourth quarter 2019 report on the Southern New Jersey and Southeastern Pennsylvania markets, WCRE states that although leasing activity was down overall, vacancy rates remained low and gross leasing absorption was positive.

Landlords are under pressure to get their paperwork in order to meet the New York City Council's Climate Mobilization Act (CMA) passed last year to reduce greenhouse gas emissions and improve efficiency for commercial and residential buildings larger than 25,000 square feet.

This year investors should not count on significant appreciation returns, but expect that income returns will remain steady.

C&W projects pressure to remain high on industrial occupancy and rent growth levels across North America.

The financing will facilitate the construction of a 1.2-million-square-foot mixed-use tower, part of a 1.9-million-square-foot development that will feature office, residential condominium and retail space.