News

The two-year, floating rate financing deal was provided by Rialto Capital Management on behalf of the Normandy Opportunity Zone.

KPG Funds, a New York City-based office development firm specializing in value-add office acquisitions and developments, has hired Gabriel Sasson as managing director of portfolio management and fund operations.

Brookfield Properties and Park Tower Group have opened Two Blue Slip, a second multifamily tower, at Greenpoint Landing in Brooklyn. Leasing efforts are underway for the property that is situated on the East River waterfront in the Greenpoint submarket.

Amberglen Business Center operates in one of the most highly amenitized suburban locations, and offers the scale, quality and location that generated significant interest from many qualified parties.

Local development firm Barone Management constructed the industrial property located at 9-03 44th Road, which is said to be the first ground-up industrial property in the market to come online in the last 30 years.

Creative Science Properties announced last week its intent to change its name to IQHQ, Inc. IQHQ also announced at that time it had successfully completed a $770-million equity raise.

The Chicago region's big box vacancy rate fell 54 basis points to 8.53%, the lowest level since the second quarter of 2017.

The company is in talks with several potential buyers that could acquire the retailer out of bankruptcy.