Although its year-over-year improvement in NOI was lower for 2016 compared to 2015, the apartment sector was still ahead of all others by a comfortable margin, Fitch Ratings said Friday.

Skyline purchased the site for $83 million from a partnership of Barings Real Estate Advisors and Lincoln Property Co., according to Holliday Fenoglio Fowler, L.P., which marketed the property at 12-18 W. 55th St. for the seller and procured the buyer.

In an era of growing data transparency, Colliers International's Global Occupier Guide, which provides real-time market data and insights, empowers tenants to make quicker business decisions that will have immediate impacts on their business, executives tell GlobeSt.com.