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“Value-add multifamily is still in high demand,” says Marcus & Millichap's Clarke Talone. “Buyers are willing to accept low current returns for an opportunity to improve a property and generate higher rents.”

“The opportunity to acquire 138-plus acres in West Orange is extremely rare,” says HFF's José Cruz.

The Class A property, with 34,500 square feet of ground floor retail space, is expected to be ready for occupancy by the end of the first quarter of 2021.

WarnerMedia will lease the 1.5 million square feet of office space until early 2034.

Vik Aggarwal joins the flexible office space company from AECOM in Los Angeles, where he served as corporate VP of global real estate.

Since 2015, approximately 475,000 square feet has been renovated or added to the hospital. Including the new project, the hospital's capital investment will total approximately $422 million once the new outpatient center is completed in 2021.

Greenland Forest City Partners and the Brodsky Organization start construction of a massive, 859-unit, mixed-income project at 18 Sixth Ave. in downtown Brooklyn.

Some South Florida developers forged ahead with OZ project planning even before the second round of regulations were issued.