Northeast

The REIT also announced it sold a 49% partnership interest in the property to an Israeli institutional investor.

In addition to 18 new gates, the first phase of the $8 billion in renovations brings new dining and retail to the airport which services 30 million passengers each year.

The REIT now holds a greater interest in the Midtown building owned with HNA Group and moves forward in constructing its Financial District residential tower.

Following the completed spin-off, BGC Partners no longer held any shares of Newmark.

The new real property transfer tax called “NYC for All,” if enacted, would treat all residential transactions equally, regardless of how a home is purchased, by implementing a single progressive real property transfer tax that rises as the price of the property rises.

SITE Centers expects it will extend the joint venture beyond the initial investment.