Northeast

NJEDA managing director of business development Paul Ceppi said at the event staged on Jan. 17 that the transportation-logistics sector accounts for nearly 200,000 private sector jobs and $23 billion into the economy.

Cushman & Wakefield's report Demographic Shifts: The World in 2030 analyzes the seismic shifts in international workforces as 693 million Baby Boomers reach retirement age and 1.3 billion Gen Zers begin working.

The eight-story office building at 2417 Third Ave. in Mott Haven sits along the waterfront and is slated to benefit from strong appreciation in the burgeoning market.

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.

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.

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.

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.

"We're finding that relative to our underwriting that is a really valuable tool that we are putting increased reliance on."