Globest Sectors

The law affirms New York City is in a housing emergency and extends rent stabilization to 2021.

Arthur Arejian of Vanguard Investments says an large vintage stock of apartments, no rent control and rent growth averaging 4% a year makes Glendale a prime market for value-add deals.

Fisher Brothers inks a deal with the National Bank of Kuwait maintaining its 18,688 square-foot space in the East Midtown office tower.

Analysts, though, believe that the deal makes sense for both REITs.

The transaction continues the intense leasing volume 200 Elm St.

Scotiabank is the latest to take space in Dart Real Estate's 18 Forum Lane, the first LEED Gold-certified commercial building in the Cayman Islands.

“The strong reaction from lenders demonstrates that the market is still hungry for great retail deals and that aggressive CMBS debt terms are still available if the sponsor and tenancies are strong.”

New York City's Board of Standards and Appeals held a hearing on whether the permit for the proposed 668-foot condo skyscraper should be revoked.