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Cove Property Group has secured a $724.2 million loan from Blackstone Mortgage Trust to refinance Hudson Commons, a 698,000-square-foot trophy office in Hudson Yards.
City officials say the legislation is the first for any US city to formally prioritize diverse applicants who are looking to participate in the marijuana industry.
The upcoming election and swings within the political climate are expected to have as much, if not more, of an impact on the psyche of the investor than other economic trends or indicators.
The innovation of traditional brick-and-mortar for pop-ups have emphasized in-person experiences and driven up foot traffic in areas, but have changed the traditional lease structures for cheaper rents.
DSC Logistics has already taken occupancy of 250,000 square feet at the building to start processing inbound deliveries and, within the next six months will expand to occupy half of the newly built distribution center once additional interior and site improvements are completed.