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NAI Legacy partnered with Minneapolis-based The Beard Group as the developer, Minneapolis-based Steven Scott Management for day-to-day property management of the building and Minneapolis-based CliftonLarsonAllen Wealth Advisors who assisted in capital raising efforts.
Sustainability and climate change are at the forefront of every business environment today. With CRE being a major contributor to carbon emissions, the industry is set to face hard questions about what's being done to address its carbon footprint.
The coronavirus pandemic has brought some commercial real estate stakeholders together as some create forums to maintain an ongoing dialogue about the impacts companies are facing and best practices being utilized to navigate uncertainties.
Paramount Group, Inc. has announced it is seeking to enter into a joint venture agreement to sell a 10 percent interest in 1633 Broadway, a 2.5 million-square-foot trophy office building on Broadway between 50th and 51st streets in Manhattan.
The State of New York Court of Appeals has ruled that the Housing Stability Tenant Protection Act of 2019 cannot be applied retroactively to revive, or expand recovery on, a previously asserted rent overcharge claim. Now rent charges must be resolved under the law when they go into effect at the time the overcharge occurred.