Northeast

The governor's budget supports more than $1.26 billion in direct property tax relief, which includes $276 million for the Homestead Benefit, as well as an increased property tax deduction cap and expanded Senior Freeze eligibility that the governor and legislature enacted in their previous budgets.

"We know that the greatest gains in energy efficiency come when teams take a whole-building approach, rather than tackling individual upgrades and projects in isolation."

The property is 93% leased to 34 tenants, including Regal Cinemas, Hobby Lobby, Marshalls, Ross Dress for Less and Big Lots, which serve as anchor tenants.

Halpern Real Estate Ventures, a real estate investment platform focused on value creation in urban centers, has closed a $50 million commingled Opportunity Zone fund in partnership with General Partner Capital.

The Real Estate Executive Council, a professional trade association for executives of color in commercial real estate, has appointed Ken McIntyre, founder and managing principal of commercial real estate finance advisory firm PassPort Real Estate, LLC, as the new interim chief executive officer.

The property, owned by a joint venture between PREIT and Macerich, reports that 20 stores have opened in the first five months of operation