News

The sale on behalf of The Davis Companies and Onyx Equities, consists of two office buildings in Garden City, NY.

The lease brings 83 Maiden Lane to 100% occupancy.

The financing is designated for a six-asset senior living portfolio acquisition.

The development will feature a blend of affordable housing and senior living components, and is expected to be completed by summer 2020.

The companies have made their third acquisition in the Eastern Seaboard in six months.

A Tampa-based multifamily owner-operator bought garden-style Nova Central apartment community as a value-add investment for $30.3 million.

Approximately 40% of the building’s units are leased to Sonder, a short-term rental start-up in nearly 30 cities that recently surpassed a valuation of more than $1 billion.

The 21st Century Redevelopment Program was created last year in response to a number of demographic and economic trends that resulted in many suburban office parks and shopping malls becoming empty or underutilized.