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“One of the most astute investors on the planet is buying here. That should tell you something,” says Will Silverman, the sellers' broker, in a GlobeSt.com interview.
The California State Teachers' Retirement System is reportedly joining L&L Holding Co. in buying a stake that's separate from the Normandy Real Estate Partners' interest in the former brick warehouse.
Developers are pushing for updates to the city's parking regulations, but even if parking requirements are reduced, developers still have to lease the units in a city still largely dependent on cars.
The properties that will be funded by WNC Corp. 45 are located in: Alaska, Arkansas, Arizona, California, Iowa, Maine, Minnesota, Mississippi, New Jersey, New Mexico, Tennessee and Texas.
New York City-based Tishman Speyer reports the $1,208-per-square-foot sale price for the Seaport District office tower at 200 Pier 4 Blvd. calculates out to the highest ever achieved for a Boston office property.