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Acadia Realty Trust, a real estate investment trust specializing in the retail asset class, has been on a shopping spree for assets in the SoHo submarket, acquiring assets along the Greene Street corridor in a total aggregate of $100 million.
L3 Capital has secured a $90 million floating-rate loan to finance a retail portfolio comprised of 11 assets in Williamsburg, Brooklyn, totaling 85,000 square feet in a prime retail corridor.
Commercial real estate stakeholders aren't leaving data privacy and security to chance in 2020. Stakeholders across the industry are clamping down as it becomes a pressing challenge among connected buildings.
In recent years, some cities have seen large HQ relocations and business expansions into their region, creating thousands of new jobs and resulting in billions of dollars in capital investments.
Evergreen Real Estate Group commenced construction on the $81-million project at 4515 N. Winchester Ave. in Chicago's Ravenswood neighborhood last week.
BioReference Laboratories is the firm's largest tenant leasing more than 227,037 square feet in Elmwood Park spread across four buildings in Alfred Sanzari Enterprises' portfolio.
KBS Real Estate Investment Trust II sold the complex to an unidentified private buyer. CBRE, which represented KBS in the transaction, identified the new owner as a private New York City-based investor backed by offshore capital.