Northeast

Mark J. Parrell has been appointed president effective immediately and will take over as CEO upon Neithercut's retirement.

Brokerage firm CBRE reported the sale of the 466-unit property at 50 Saw Mill Road that was built in two phases (2007 and 2011).

Transwestern estimates that total demand for medical office space across the US could range from 150.5 million square feet to 225.8 million square feet by 2019.

As office space shrinks, the tech performance of the space becomes more important, i.e., dedicated Internet access, connectivity to private cloud networks and secure connection to offshore centers.

Marx Realty's purchase of Lower East Side buildings at 135 and 161 Bowery demonstrates a continued demand in the neighborhood by creative and tech industry tenants.

Experiential water features are becoming “the next big thing” in quality retail projects as a way of driving consumer traffic.

The new logistics facility will provide a large block of modern, ready-to-move-into space in a high-demand market.

Brookfield Property Partners and Fairfield committed $330 million to the fund.