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The property was purchased from The Silverman Group of Basking Ridge, NJ. The deal was brokered by the capital markets group of Cushman & Wakefield.

Blackstone Real Estate Partners IX closed with $20.5 billion of total capital commitments.

Labor costs were cited as the greatest financial concern for more than two-thirds (67%) of respondents.

The less than one-acre site at 6747 Collins Ave. was the last undeveloped beachfront lot in North Beach, located between the Deauville Beach Resort and Sterling Condominium buildings.

The three recently constructed Class A warehouse/distribution facilities located within Park North at Monroe were sold by Atlanta-based IDI Logistics, which developed the properties.

Transwestern Commercial Services, which brokered the sale, has another $145 million in deals under contract scheduled to close in the next few months.

Agreeing with New Jersey's arguments, the Third Circuit held that, under the Eleventh Amendment of the U.S. Constitution, the state is immune from condemnation lawsuits by private parties, including pipeline companies.

Traditionally, New York City was the sole focus for the firm, but now they're looking to plant the flag in other cities, having expanded to Texas, Georgia, Connecticut and several other metro areas