News

The NJ TRANSIT office of real estate, economic development and transit-oriented development will assess and develop recommendations for transit-oriented development opportunities for parcels of property in which NJ TRANSIT holds an interest in, with the goal of increasing NJ TRANSIT's non-farebox revenue.

Investments in Orange, Seminole, Lake, Osceola and Volusia counties will be given first priority; though other investments across Florida could also be considered.

The 223-unit rental community sold for $29 million to Upstate Garden District Apartments LLC.

Working on behalf of the borrowers, Lionstone Investments and Midway, JLL arranged $140 million refinancing for GreenStreet, an urban mixed-use office and retail asset totaling 617,000 square feet.

Companies want to create a destination to increase office headcounts because face-to-face interaction remains essential for collaboration, says Camille Tighe, a workplace strategist at architecture firm Vocon.

Safehold Inc., a REIT specializing in ground leases, has agreed to create a $180 million ground lease for 685 Third Avenue, a 31-story office tower one block from Grand Central Terminal.