Northeast

Problems in retail are making passive net lease investments less automatic.

Rockport Mortgage Corp. closed a $24-million FHA loan for the. Verona Senior Citizens Apartments in Verona and $27 million in FHA financing for Mansion Apartments in Pine Hill.

The plan calls for enacting 0.75% and 2% utility energy efficiency standards for natural gas and electricity, respectively, improving energy efficiency programs, adopting new clean energy and energy efficiency financing mechanisms and strengthening building and energy codes and appliance standards.

According to the 2020 CRE Innovation Report by Altus Group, a majority of CRE leaders now fully recognize the disruptive impact of PropTech, illustrating that many advanced technologies can potentially solve current challenges.

Real estate investment trust Columbia Property Trust has completed its acquisition of development and operations firm Normandy Real Estate Management, reaching an agreement on anticipated investments, business management and leadership appointments.

The local community culture can make or break a master plan design and amenity options.