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Newport acquired a class-A asset with plans to add value by leasing up the remaining vacancy and developing the final shovel-ready 25,500-square-foot residential building which includes 30 additional units.
Alex Rodriquez told MBA CREF conference goers that most athletes make 80% of their money between age 20 and 30, so he started A-rod Corp. to plan for a life after baseball.
Klee, who held several executive positions at GE, served as GE's vice president of Boston development and operations and led the search for GE's new headquarters and eventual move from Fairfield, CT to Boston.
Commercial and multifamily starts in the NY-NJ region totaled $30.9 billion in 2019. However, the New York metro region's rate of growth eased in 2019 to 5% from a 13% gain in 2018, according to the report.