Northeast

The merger deal announced in August with Liberty Tax, soon to be renamed the Franchise Group, and Valor Acquisition was valued at $208 million.

Cushman & Wakefield reports that the property ownership Advance Realty Investors secured a $72.5-millon construction loan from Santander Bank for the project.

The company states that it signed a 10-year lease for its new headquarters space at the 2.5-million-square-foot complex and will invest more than $200 million annually in the region through headcount, real estate investment and other expenses

Net-lease investments into the Big Apple are up 46.4% year-over-year, and the total volume of net-lease investment is up 8.6% from Q2 2018 at $2.6 billion.

The 224,000-square-foot LEED Gold lab building is being purchased from a partnership of The Davis Companies and Invesco Real Estate.

Separately, the company has finalized a joint venture agreement to acquire 425 Park Avenue, growing its portfolio to $1.9 billion.

We are long in the cycle, and some investors are waiting on the sidelines. But, there may not be an abundance of opportunities in the next recession.

The developer plans to be carbon neutral by 2020 and won't consider investing in properties that don't have at least LEED Gold certification.