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Century-old Fifth Ave. landmark aims for flight-to-quality tenants with $350M overhaul.

The deal's implied enterprise value is $1.1 billion.

But there's a lag between housing costs and the ability to offset with higher leases, which is why there is a confusing situation where rents drive inflation—and indirectly higher interest rates—while landlords are trying to catch up.

New third-party logistics tenant to partially occupy building 1100

Assets totaling 275,000 square feet sell for $31.65M

The portfolio totals 1,314 units across six communities in New England.

"Demand for space has outpaced new supply – which is good news for owners of existing assets and value add-investors."

But how does demand trail off with what's supposed to be a chronic shortage?