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NEW YORK CITY—Now a parking lot with the potential for 1.1 million square feet of development as of right, 85 Jay St. has “tremendous upside,” says Kushner president Laurent Morali.
NEW YORK CITY—The trade of the 271-unit property is being called “one of the first sizable sales transactions of an institutional-quality multi-housing asset in downtown Brooklyn,” by a broker on the deal.
IRVINE, CA—Hotel valuations face an uphill battle since the growth in operating fundamentals is decelerating and interest rates are on the rise, but there is something that could help, Ten-X's Peter Muoio tells GlobeSt.com.
CHICAGO—More investors in this sector are getting bank loans, and with millions of homes needing work, a steady rate of house flipping should continue for years.
NEWARK, NJ—PGIM Real Estate cites election-related uncertainty and a variety of trends related to investment and development activity as key influencers for the year ahead.