Northeast

Chairman Richard Baker is stepping in with a cash bid valued at about $1.31 billion to take the company private.

The firm reports that Ruggiero will lead a newly created client solutions and product specialist team within its real estate operations. Pattison has been appointed global head of real estate research and strategy at MetLife Investment Management.

2019 is shaping up to be weaker than the last few years, according to Yardi Matrix.

In a newly released report, CBRE ranks Pennsylvania, and specifically the Lehigh Valley as the sixth largest cold storage market in the country with 213.5 million square feet of inventory. The state of New Jersey came in at number 10 with an inventory of 136.7 million square feet.

Most investors are allocating capital to multifamily this year, according to a new report.

Political leaders say proposed regulations are aimed at protecting tenants and affordable housing, while some landlord reps assert the proposals will hurt the marketplace.