Northeast

There are many potential triggers for the next recession according to Yardi Matrix' Paul Fiorilla.

"Retail assets offer competitive risk-adjusted returns in today's commercial real estate climate, and more capital is entering the space," says HFF's Chris Munley.

The NJEDA also announced a second round of Innovation Challenge funding for municipalities.

ABS Altman Warwick arranged for low-rate, long-term, permanent refinancing from Mass Mutual Life Insurance for the Flatiron District building.

The massive title insurance company is sticking with the SL Green Midtown Tower.

Among other effects, there will be a negative reaction for retail REITs, says Matt Kopsky with Edward Jones.

JP Morgan and Mack Real Estate are providing $294 million for the luxury condominium tower. Construction on the 22-story building that is being built by John Moriarty & Associates has begun.

"The sale was driven by a long-term absolute triple-net lease," says STREAM Capital's Phil DiGennaro. "The private buyer was in a large 1031 exchange and was drawn to the company's headquarters location outside of Pittsburgh.”