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Under the terms of a Memorandum of Understanding, Welltower and Jefferson would create a joint venture whereby Welltower would acquire a stake in certain real estate assets of Jefferson.
In his second State of the State address, Murphy said he is not giving up on enacting a "Millionaire's Tax" to ease the property tax burden on the state's middle-class and seniors and to help fund the state's public school system.
McCarthy Building Companies Inc. completed a portion of the construction of the Technical Operations Maintenance Hangar, self-performing the earth work, utilities and concrete on the project.
"We don't see a big economic downturn in 2020. The CRE market will hold its own," says Mitti Liebersohn, president and managing director of New York operations at Avison Young.
Solix has signed a lease for 31,442 square feet and will occupy a portion of the second and the entire third floors of the 75,049 square-foot office building owned by Lincoln Property Co.
IPG has appointed Graham Stephens, formerly of Jones Lang LaSalle in New York City, as a principal in its investments team and head of capital markets.