Northeast

In the $46.5 million sale leaseback Union Theological Seminary will remain at 97-101 Claremont Ave. for another five years.

As industrial properties continue to be all the rage, Innovo Property Group and Square Mile Capital are buying and modernizing another distribution center—this time in Queens.

They clarify many key questions that should allow real estate transactions and investment to go forward, Real Estate Roundtable CEO Jeff DeBoer says.

Toll, who is 77, will remain a member of the board of directors, will serve as a special advisor to the company, and will be honored with the lifetime title of chairman emeritus of the board.

Anchin accounting partner Zurab Moshashvili explains how GAAP leasing standards effective Jan. 1, 2019 are affecting CRE.

Although retailers/restaurants continue to lease retail space, others are closing down locations including some big box tenants who have been part of the retail landscape for many years.

The latest construction industry report optimistically indicates continued growth but also realistically lays out areas where activity is projected to slow down.

The collaborative workspace company will expand into the Midtown office in 2019.