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Midtown East has undergone a period of changes since its rezoning in 2017. The change that is happening has spiked real estate values, for instance, 242 East 58th St. in the Midtown East submarket has recently changed hands, selling for $11.5 million, $500,000 higher than the original asking price.
Benenson Capital Partners and Mack Real Estate have secured an $81 million refinancing for the construction loan on 433 East 13th St. in the East Village, a mixed-use property dubbed the "Eve".
ACC collaborated with Seattle's Urban Artworks to recreate Daniel Johnston's infamous "Jeremiah the Innocent" Austin mural as a permanent exterior installation at the University of Washington.
Union House has launched sales of its residences with a selection of 41 one-, two- and three-bedroom condos starting at $1.25 million and more than two-thirds of the units offer city, Golden Gate and Bay views.
Cawley Partners and Rosewood Property Company are partnering to develop four class-A office buildings totaling 1 million square feet which will be developed in phases at Heritage Creekside.
A new chapter began about 2008 when hydraulic fracturing revolutionized the industry, says Joel St. John, JLL vice president, and in the last dozen years, the Permian oil and gas industry has reached maturity.