Globest Sectors

One New York company says high- and low-tech communication can help tenants feel better about coming back.

The program should flourish under both a Biden or Trump Administration.

In addition to the off-market acquisition, the firm refinanced the Annapolis Junction property with a 10-year, $84 million agency loan.

The office investor is entering the industrial market and has hired Scott Word as a principal to lead the platform.

The firm's first company acquisition aligns with its strategy to expand its multi-tenant retail investment sales presence.

With the off-market, sale-leaseback investment, the company's year-to-date investment volume now totals $700 million.

The multifamily asset class is still sound, but signs of softness are emerging that may give some investors pause.

According to a November rent report, New York rents have declined 2.8% over the past month, and have decreased sharply by 17% in comparison to the same time last year. Comparable cities nationwide show more affordable rents compared to New York