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NEW YORK CITY—The borough will see about 22,000 new apartments come on line by 2019, CityRealty says in a new report, which also cites large-scale projects that will add thousands more over the years.
The great recession crushed businesses across every sector and every region, and it has been a slow climb out of the rubble with vestiges of the downturn still impacting business and the economy.
BALA CYNWYD, PA—Bala Cynwyd-based Endurance Real Estate Group named KTR Capital Partners veteran Albert Corr (right) as senior vice president, and promoted Kevin Stackhouse (left) to senior vice president.
Jersey City, NJ—Multifamily properties in Jersey City have appreciated about seven percent in the past 12 months, says Gebroe-Hammer Associates, which just closed a four-building portfolio sale including 222 Jewett Ave.
IRVINGTON, NJ—California garlic distributor Best Buyer 40th Street is breathing new life into 231 40th Street in Irvington, NJ, an industrial facility of approximately 38,500 square feet. The firm acquired the property as part of its expansion on the US East Coast in a $3.1 million transaction brokered by Bussel Realty Corp.
PHOENIX—l Colliers International in Greater Phoenix recently completed the sale of a 313,600-square-foot cross-dock distribution warehouse in Phoenix for $20.32 million, or $64.80 per square foot.