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In an encouraging sign for NYC real estate, residential rents posted small upticks in Brooklyn and Queens, while rents remain elevated year-over-year in all boroughs surveyed by MNS Real Estate.

Brooklyn, NY facility sells for $81.5M

The private equity real estate manager has purchased the Mandarin Oriental Washington D.C. and plans to rebrand the 373-key waterfront hotel as Salamander Washington D.C.

The community marks the first acquisition for Monument Capital Management's newly-launched Monument Opportunity Fund V.

Price almost doubled from original $35.15M investment in 2019

Many renters will face large rental increases on ever higher-priced Class A multifamily units.

The facility, bought by West Parkway Realty LLC, is located in the West Boynton area of Boynton Beach and was completed in 2021.

Their lawyers argue that combining adjacent vacant units, raising rents are allowed by 2019 rent-reform law.