Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
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.
In the fourth quarter, the Rochester, NY-based private REIT managed by Broadstone Real Estate, LLC, purchased 43 properties for approximately $241.5 million.
The New York City-based REIT's deal for the 138,779 square-foot shopping center marks its entry into the DC retail market. Eastgate is anchored by a 56,526-square-foot Giant Food supermarket.
Kent M. Swig, the real estate firm's president, tells GlobeSt.com how its precedent-setting move will improve security and the authentication of building documentation.
Despite the rising rents, vacancy rates remained stable at about 14.5%, CBRE's research says, although class A vacancy rates declined from the third quarter.
Jefferson Health is the largest provider of healthcare in Philadelphia. Its recent acquisitions have included Einstein Health and Kennedy Health in South Jersey.
Fareri Associates president John Fareri tells Globest.com that the first phase of the project would involve the development of approximately 500,000 square feet of space, including an approximately 135-room hotel, biotechnology-medical and retail space.