Northeast

"Elevated demand from e-commerce retailers and distributors coupled with a limited supply of land and space, has led to record high sales prices for quality industrial assets like 39 Robinson," says NAI Hanson's Andrew Somple.

The Westchester County Industrial Development Agency granted a resolution of intent to provide more than $5 million in incentives for the Rose Associates' project to redevelop 440 Hamilton Ave. into a mixed-use property.

Greenland Forest City Partners, TF Cornerstone and Brodsky Organization are accelerating the construction of mixed-use developments near Barclays Center.

It's game on for Spaces, Knotel and now Tishman Speyer in the competition of providing flexible and co-working spaces.

“With no acceleration in inflation, why do we need five additional rate hikes?”

The Urban Land Institute predicts GDP growth will be 1.7% in 2020 while CRE volumes will have dropped to $415 billion.

Class A availability and vacancy rates have declined precipitously over past 10 years.

Triple Five acquired the 105-acre campus earlier this year in a bank-ruptcy auction for $14 million. Triple Five is planning to redevelop the Shirley, Long Island campus into an aviation education and re-search center.