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Vector Group subsidiary New Valley acquired a 29.41% minority interest in the brokerage increasing its ownership interest in Douglas Elliman to 100%.

The land is zoned for a wide range of prospective usages including a 10 MW private solar facility and 242 residential units.

FHLBank's suite of financial services includes cost loans (advances), which may be used for community development lending, asset/liability management and general funding.

Nick Karafotias is joining JLL as vice president of restructuring, reflecting the firm's commitment to growing its retail advisory services platform.

“The majority of property owners believe we are in the last stages of the current real estate cycle,” says Boulder Group's Randy Blankstein.

The Long Island-based real estate firm acquired the 16,348 square-foot building for $7 million.

A big plus for the New York City economy will be taxable real estate sales, which are predicted to grow 18% in 2018 to approximately $113 billion.

The REIT is rapidly shedding assets as it prepares for its all-in push to develop National Landing.