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"The dynamic of muted wage growth in the low-to-medium skill jobs and a growing middle-class renter cohort leads us to invest in the space that has the highest demand with little to no new supply,” says M. Patrick Carroll, chief executive officer of Carroll Organization.

ArchCare and GRACE Communications Foundation have both signed on for an additional 10 years, leasing a total of 40,000 square feet at the Murray Hill building.

The campus is fully leased to the State of Minnesota.

In the $46.5 million sale leaseback Union Theological Seminary will remain at 97-101 Claremont Ave. for another five years.

As industrial properties continue to be all the rage, Innovo Property Group and Square Mile Capital are buying and modernizing another distribution center—this time in Queens.

European company Generator Hostel has acquired the Courtyard by Marriott in what appears to be its second location in the US.

They clarify many key questions that should allow real estate transactions and investment to go forward, Real Estate Roundtable CEO Jeff DeBoer says.

Toll, who is 77, will remain a member of the board of directors, will serve as a special advisor to the company, and will be honored with the lifetime title of chairman emeritus of the board.