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ELIZABETH, NJ–Pricing is strong in the Elizabeth multifamily market. The Kislak Company has brokered the sale of a three-building, 62-unit multifamily portfolio in Elizabeth, NJ for $5.27 million. It's the largest multifamily sale in Elizabeth in terms of price since 2011 based on available data.
BOSTON—Shorenstein Properties, LLC is hoping to start by year's-end on a $20 million to $25-million renovation, upgrade and repositioning of the Center Plaza office complex in Downtown Boston.
NEW YORK CITY—Financial services employment has rebounded at the fastest pace since 2006, writes Ken McCarthy at Cushman & Wakefield. MMI's Hessam Nadji and DTZ's Kevin Thorpe also weigh in.
AUSTIN—The opening of the Dell Medical School at The University of Texas at Austin is sure to be a game-changer for the city. Johnston will give the Keynote at RealShare AUSTIN.
PURCHASE, NY—WESTMED Medical Group and developers Simone Healthcare Development and Fareri Associates staged a grand opening ceremony for the new 3030 Westchester Ave. office building—the first new office product completed on the I-287 corridor here in a quarter of a century.
NEW YORK CITY—Speaking to the Association for a Better New York, the chief RXR Realty executive described innovative ways for the city to repair its aging infrastructure—including the office stock—and the affordable housing crisis.
CONROE, TX–Harmony Housing, a nonprofit organization that owns and acquires affordable multifamily housing throughout the country, has acquired Park Village in Conroe.
COUNTY OF SAN BERNARDINO—That's the thought of the project's developer, James R. Watson. He relays his vision for the project and what's fueling the anticipation, in this EXCLUSIVE interview with GlobeSt.com.