The Berkshire Hathaway and Jefferies Financial Group joint venture acquired the firm to increase its range of capital for clients.

The organization 17-Forward-86 staged a press conference today at the State Legislative Office Building in Albany where it unveiled its initiative to convince state lawmakers to fund a third lane each way on Route 17 from the Exit 131 Harriman interchange to Exit 103 in Monticello.

The cap rate spread between Phoenix and California multifamily is 75 to 100 basis points, and it is driving investment capital south.

Many investors are focusing on properties in secondary markets and alternative asset types, according to a new CBRE report.