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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The years-long tight market has hurt commercial real estate asset classes, with higher vacancy rents, lower asking rates and greater concessions, according to a report last year from JLL.
The retail REIT, which stated that the recent announcement of the closure of all dressbarn locations will not impact the company's core mall portfolio, reported that three of its properties topped $600-per-square-foot in sales in April.
Corvias will be responsible for the development and management of the student housing project. Other partners include Dirk Denison Architects for the design and Gilbane Building Co. for the construction of the Bailey Hall renovation.
TD Bank's regional director of commercial real estate finance in New York talks to GlobeSt.com about co-working, luxury condominiums and the continued rise of tech companies.
"The new amenities and green infrastructure features help to reverse decades of neglect and ensure a brighter future for the Bronx," says Lieutenant Governor Kathy Hochul.