Northeast

The redevelopment of the NYPD parking garage is the first major milestone to arise from the Jamaica NOW Action Plan, a $153-million neighborhood revitalization initiative announced in 2015 by the de Blasio Administration, Queens Borough President Katz and the NYCEDC.

Brookfield Infrastructure, an affiliate of Brookfield Asset Management, has committed to fund half of the required initial equity investment, currently estimated to be approximately $613 million.

Like its other acquisitions in this area, this 100-asset portfolio focuses on last mile locations.

The Silverman Group is buying a 41,000-square-foot, mixed-use warehouse building from the tenant for $3.6 million and has selected JLL as the exclusive leasing agent for the property.

“Record-breaking prices are expected in others during the second half of 2018.”

A show-stopping hotel and retail complex plans to take center stage at 1568 Broadway.

A top advisor for the New York governor had been convicted of taking construction and real estate development bribes.

In conjunction with the EdR purchase, Blackstone Real Estate Income Trust, Inc. and partner Greystar Real Estate Partners also reported they had closed on the $1.2-billion purchase of EdR's student housing portfolio.