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L+M Development Partners has completed the sale of a 99-year leasehold interest at 250 Utica Ave in Brooklyn. Newmark Knight Frank arranged the transaction on behalf of the L+M.
Hudson Square in Manhattan is getting a lot of attention from multifamily and office developers since Google and recently Disney have made the submarket home to their headquarter offices.
Downtown and Midtown South in Manhattan garnered some leasing wins in 2019 and is expected to continue on track for continued leasing strength well into 2020.
Vista Investment Group in partnership with Tokyu Land US Corporation purchased Northridge Apartments in response to renters who have been priced out of the expensive markets of San Francisco and Oakland.
Things are at a tipping point, say panelists at the NIC Spring Conference, but there is room for opportunity for those who can get connected and partner to find new ways to achieve value.
A potent combination of investor confidence, continued job growth and the excise transfer tax increase led to a record-setting year of multifamily sales in the Puget Sound region according to a study by Kidder Mathews.