News

The new real property transfer tax called “NYC for All,” if enacted, would treat all residential transactions equally, regardless of how a home is purchased, by implementing a single progressive real property transfer tax that rises as the price of the property rises.

The property is located near JPI's headquarters in Irving in the heart of the Las Colinas master-planned community in the Dallas-Fort Worth region. Jefferson Riverside was developed and built by JPI in 2017.

The 132-unit building will also have 16,000-square feet of street level retail.

In the past eight years, Kennedy Wilson increased net operating income at Bay Village by 121%, resulting in a pre-tax gain on sale of $20 million to Kennedy Wilson.

All three assets are 100% leased.

Salesforce Tower Chicago is one of six Tower investments the company has announced in key markets including its headquarters in San Francisco, New York, London, Indianapolis, and Atlanta.

SITE Centers expects it will extend the joint venture beyond the initial investment.

Greystone was able to optimize the sponsor's value-add business plan to complete the interior renovations already underway by the asset's former owner, an affiliate of Deutsche Bank AG.