Globest Sectors

The 68,400-square-foot lot is zoned for a transit-oriented mixed-use residential development with up to 800 units and street-level retail.

The site's large footprint and location provides the opportunity to offer unique amenities, says CEO Camilo Miguel Jr.

Brokerage firms are fielding multiple requests daily about how commercial rent control laws will impact their retail businesses throughout New York City if the city council enacts Intro 1796.

The portfolio includes 106 industrial warehouse buildings that are located in 16 markets across the Southeast, Southwest, and Midwest.

But the sector is still expected to remain robust for 2020.

The firm will occupy more than 160,000 square feet of space at the new 24-story mixed-use tower to be developed by Buccini/Pollin Group at the corner of Washington Place and Bedford Avenue in the historic Lower Hill District.

Thanks to increased demand for healthcare services, the medical net lease sector will continue to offer steady cash flow and safe returns for investors.

Concurrent with the closing of the sale, Cresco has agreed to enter into a long-term, triple-net lease agreement with GreenAcreage and will continue to operate the property as a licensed medical and recreational cannabis cultivation and processing facility.