Multifamily

“We continue to see the growth of the University of Pennsylvania and Drexel University driving the demand for housing in this submarket and driving growth and redevelopment further west,” says Rittenhouse Realty's Ken Wellar.

New York City is the first city in the world to require all large existing buildings of 25,000 square feet or more, of which there are 50,000 citywide, to make efficiency upgrades that lower their energy usage and emissions or face steep penalties.

With this promotion, DeMartino will oversee all development operations for the Greater Boston region, including land acquisitions, development, design, construction management, leasing and divestment.

“Value-add multifamily is still in high demand,” says Marcus & Millichap's Clarke Talone. “Buyers are willing to accept low current returns for an opportunity to improve a property and generate higher rents.”

In preparation for our GlobeSt.ADAPT: OPPORTUNITY ZONES special feature and conference, Real Estate Forum is putting a spotlight on the achievements of those who have had a hand in locating adaptive reuse solutions across the country.

The Class A property, with 34,500 square feet of ground floor retail space, is expected to be ready for occupancy by the end of the first quarter of 2021.

All Fund I investors have made commitments to Fund II, as did new investors, and at the final closing for Fund II, 40% of Fund II equity was committed to seed assets.

Greenland Forest City Partners and the Brodsky Organization start construction of a massive, 859-unit, mixed-income project at 18 Sixth Ave. in downtown Brooklyn.