Northeast

Private equity investment firm Pebb Capital and TriArch Real Estate Group, a New York-based real estate investment and management firm, has sold The Alabama, a trophy student housing asset located at 15 E. 11th St. for an estimated $104 million.

A temporary injunction against the Department of State guidance barring tenant-paid broker commissions has many asking could the court deem it as justified since it is not law but a litigation position? Leni Morrison Cummins, a real estate attorney at Cozen O'Connor, tells GlobeSt.com.

Manhattan developers hit a roadblock with wonky land costs. In December 2019, the market only saw two development sales, according to Avison Young data.

"Many investors are counting on demand for apartments to remain relatively consistent even if the economy weakens due to demographic and social trends."

Younger renters place a high importance on sustainable features in their apartment homes than any other generation in the past.

The DEP will hold initial stakeholder sessions on potential rule changes beginning on Friday, Feb. 21 from 9 a.m. to 4 p.m., focusing on periodic monitoring and reporting of statewide greenhouse gas emissions, hosted by the DEP Air Quality, Energy and Sustainability program.