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Cuomo Dots Penn Station Expansion With Manhattan Block Acquisition

Mariah Brown | January 07, 2020

New York State Gov. Andrew Cuomo has announced that Pennsylvania Station is going to see a well-needed expansion with an additional eight new tracks upon the acquisition of an entire Manhattan block.

Kimco Realty Closes Land Sale to Spirit Airlines

Erika Morphy | January 07, 2020

Spirit Airlines plans to build a $250 million, 500,000-square foot corporate campus at the REIT's Dania Pointe mixed use project.

Space Coast Multifamily Trades for $55M

Erika Morphy | January 07, 2020

After renovating the units, the seller was able to grow rents over its three-year hold period.

Madison International Recapitalizes $275M Multifamily Portfolio

Mariah Brown | January 07, 2020

Madison International Realty, a real estate private equity firm, has closed on the recapitalization of a $275M multifamily portfolio in New York. The deal includes Urban American, an apartment operator who will continue to manage the 15 properties.

Philadelphia's Office Market Stayed Strong in 2019

John Jordan | January 07, 2020

Asking rents in Philadelphia's core contracted over the quarter, but were still higher from earlier in the year, according to the Savills report.

How to Calculate the Carbon Footprint of New Buildings

Erika Morphy | January 07, 2020

"So often, the industry wants to reduce building efficiencies and electrical efficiencies but the building's carbon footprint is rarely considered."

Newmark Knight Frank Expands Valuation & Advisory Practice in Midwest

John Jordan | January 07, 2020

The new hires will be led by Newmark Knight Frank senior managing director and NKF V&A market leader for Illinois, Kansas and Missouri, John Mackris, MAI, MRICS, CCIM.