Northeast

The Cities for Financial Empowerment Fund's lease with Blackstone's real estate funds points to continued diversification in Downtown Manhattan.

Single-tenant net lease assets have historically low volatility and offer investors a passive management style.

SL Green and the largest beauty retailer in the US have signed a long-term lease in the heart of Herald Square at Broadway and 34th Street.

The new facility will be constructed by the Hillwood Group of Dallas and Chapman Properties of Leetsdale, PA. Amazon has committed to investing more than $30 million into the project, state officials note.

CBRE reports that a bidding process for the 1,035-unit portfolio attracted more than 33 offers. The portfolio benefits high occupancy, 4.1% average annual rent growth since 2014 and high resident retention.

The international cooling and heating solutions firm will shift its US headquarters from 353 Route 46 West Fairfield, NJ.

The IRS will vacate more than 32,000 square feet in the third quarter of this year, which will lower the building's occupancy to 61.1% and create what Cushman & Wakefield terms as a tremendous value-add opportunity for Capstone.

Panelists at Avant-Garde network's Diversity in CRE conference give pointers on what development takes, with a reminder that real estate is a relationship business.