Northeast

Peter Rader assumes V.P. and regional education practice lead role for JLL's Project and Development Services group in the tristate region.

B6 Real Estate has agents in 21 territories throughout the New York tristate area and half are unfulfilled with capital advisory agents.

The property prior to the sale, entered into a 10-year, 340-bed master lease with Columbia College in August. Greystar reports that the remaining 48 beds are fully leased for the 2019/2020 academic year.

Returns have also moderated from an average of 8.8% in 2018, down 30 bps from 9.1% in 2017, according to Hodes Weill & Associates and Cornell University's annual Institutional Real Estate Allocations Monitor.

The 7.2 MW-rated solar installation at Iron Mountain's data center in Edison (NJE-1) is forecast to generate more than 9 Million KWhrs per year, which is enough electricity to power more than 1,000 homes for a year.

The added expertise will go to strategizing opportunities and expanding customer focus in loan sales advisory.

The combined company will create Watermark Lodging Trust, which will have 33 lodging assets.

The two parties expect to reach a definitive agreement on the deal before the end of the year. CarePoint Health has initiated a separate process seeking a strategic partner for its third operating hospital—Bayonne Medical Center.