Globest Sectors

Data shows that more and more, upwardly mobile Millenials are choosing to rent and invest in growing their assets in other financial sectors instead.

Luxury real estate developer SHVO on behalf of a joint venture including Deutsche Finance America and BLG Capital Ltd. has secured a $230 million loan from LoanCore Capital in the acquisition of 530 Broadway in SOHO.

Workplace management platform Eden has acquired its competitor Managed by Q from WeWork after a months-long bidding process. The acquisition amount is undisclosed for the investment round that Jones Lang LaSalle Technologies led to cement the acquisition.

Proposition D was approved yesterday and it authorizes a vacant property tax on ground-floor commercial space in certain commercial districts with revenues dedicated to assisting small businesses.

Dynamic Star, a real estate development and investment firm, is in search of an equity partner to capitalize on the Opportunity Zone benefits at its development site in the Bronx called Fordham Landing, a $3.5 billion mixed-use community.

The industrial market is well positioned to perform during a recession, even if consumer spending falls.

In general multifamily market capital remains very liquid, says Aztec Group's Peter Mekras.

The firm plans to continue to expand on Florida's west coast.