Northeast

In the cities where some form of rent control has been introduced, apartment cap rates have increased over the last year, according to Real Capital Analytics.

The firm is entering the NC market with the 830-unit, three-asset portfolio.

CBRE's Laurie Lustig-Bower talked about multifamily investment trends at Allen Matkins View From the Top conference this week.

There is an exodus by mid-cap consultant types from expensive urban centers toward cheaper cities such as Boise, Austin, and Portland where life is good and the cost of living is comparatively affordable.

The combined entity, when the deal closes, will have an enterprise value of $12 billion.

The REIT plans to use proceeds from the nine centers to advance strategy of acquiring shopping centers located in the top-50 MSAs.

WebFX received a funding proposal from the Department of Community and Economic Development for the project. The proposal includes a $250,000 Pennsylvania First grant and $126,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs.

Marquee Brands recognized the energy and evolution of the neighborhood, surrounded by the tremendous investment in the Penn Plaza, Hudson Yards and Manhattan West developments.