Northeast

Rents may increase when properties are “substantially improved” to meet OZ conditions in already rent burdened areas.

A recent vacancy of approximately 300,000 square feet in a Louisville facility brought down the cap rate a bit but Dream Industrial says that once it is leased up, it expects to cap rate to increase to 6.5%.

Promoting diversity in real estate, AREAA's Manhattan Chapter kicked off the Year of the Pig with a night of networking.

“New Jersey historically has been a life science hub, and the industry continues to play a major role in the state's economy,” says Jason Price, director, Cushman & Wakefield's Tri-State Suburbs Research.

The $120 million project developed by BET Investments will bring 402 luxury apartments, a 500-car garage and 150,000 square feet of town center shops to a 25-acre site in eastern Montgomery County.

Boulder says the rise in cap rates is mainly due to investor concern about the evolving retail environment, store footprints for big box retailers and the cost associated with filling big box properties.

A state court gave the American Museum of Natural History approval to build the Gilder Center but a community group has appealed the case, vowing continued opposition.

The private equity firm will occupy 15,000 square feet, relocating to Fisher Brothers' Midtown East office tower.