The deal announced today calls for Hudson's Bay Co. to receive $ $75 million in cash upon the transaction's closing and a secured promissory note for $25 million payable in cash after two years.

While there is a push to adopt new technologies, some veteran brokers are saying no to real estate technology.

Want to know what building owners need to know? There are 11 pieces of legislation that are part of the Act, but the centerpiece establishes strict carbon emissions limits for NYC buildings larger than 25,000 square feet.

The new joint venture plans to begin construction in September on a three-story, 98,000-square-foot, climate-controlled self-storage facility at 352 Main Road.