Globest Sectors

New York-based owner and developer The Moinian Group launched its groundbreaking ceremony on Thursday to begin construction on the Hudson Arts Building in the West Chelsea submarket.

Berkadia's Hotels & Hospitality team arranged the financing.

"When opportunities pop up, we usually have good activity in finding a buyer for them."

The median sale price for a single-family home rose 6.9% from $379,900 in January 2019 to $406,000 in January 2020. The median price for a condominium in the Commonwealth spiked 10.4% from $366,250 in January 2019 to $404,500 in January 2020.

A total of more than a dozen tenants will open in the next six months at its Woodland Mall, Willow Grove Park, Plymouth Meeting and Valley Mall properties.

If people are shopping differently today, and they are, it is not to the exclusion of brick-and-mortar venues, but rather to those brands that have not been able to think in an omnichannel strategy of bricks-and-clicks working together.

Even though the U.S. hotel industry registered record-breaking performance levels during 2019, RevPAR growth was the lowest since the current cycle began in 2010.

As part of phase 1, the University of Illinois System's Discovery Partners Institute has signed a letter of intent to build a new innovation center at The 78, on land donated by Related Midwest.