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FLORHAM PARK, NJ — AIG Global Real Estate Investment has sold for $165.4 million a 12-property apartment portfolio totaling 2,811 units in New Jersey, Pennsylvania and Delaware, the remains of a portfolio it acquired from Kushner Companies in 2007.
GLENDALE, CA—A private investor purchases a 43-unit property in Glendale at a 3.57%, the lowest cap rate paid for a multifamily property in Glendale in the last 12 months.
LOS ANGELES—With rising rents in the South Bay and Orange County, Long Beach is the next submarket to see smart investors make-over the market, GlobeSt.com reports in this <b>EXCLUSIVE</b> story.
NEW YORK CITY—With all three Case-Shiller indices coming in ahead of the previous month's tallies, S&P Dow Jones' David M. Blitzer cites "generally good economic conditions."
SAN DIEGO—While more office users are being conservative about the size of their rentable space, they are willing to invest in strategic design and construction services, Burger's Jack Burger tells GlobeSt.com in this <b>EXCLUSIVE</b> interview.
IRVINE, CA—More than half of new spec industrial construction is leasing or selling before walls are tilted, and some larger projects are leasing off of the plans before construction begins, JLL's Louis Tomaselli tells GlobeSt.com in this <b>EXCLUSIVE</b> story.
BREA, CA—The rise in interest rates could further the strength of the US dollar, which will give US firms more purchasing power on imports, Unire's Griffin Cogorno tells GlobeSt.com in this <b>EXCLUSIVE</b> story on property-, asset- and construction-management trends.
Well we made it. At the stroke of midnight on Friday morning we usher in a new year and pray for another year of relative equilibrium in what is, by any count, a late stage market.
NEW YORK CITY—The Waldorf-Astoria and 15 other properties in Manhattan and Brooklyn have committed to reducing greenhouse gas emissions by at least 30% over the next 10 years, Mayor de Blasio said Tuesday.