Globest Sectors

Construction is underway for the senior assisted living center, Sunrise at East 56th Street.

“Fewer loans are defaulting, and those that defaulted in recent years are being resolved away,” often with losses, says Manus Clancy at Trepp.

Delancey Street Associates closes on loan for constructing a 26-story mixed-use building on the Lower East Side.

The reimagined former aviation field, which will house industrial, office, retail and hospitality facilities, is set to open this year.

Third-party logistics operators and facility owners are benefiting from a rapidly rising rate of product returns as many retailers outsource their reverse-logistics operations to cut costs and gain maximum efficiencies, CBRE reports.

There is plenty of profit to be made in self-storage and multifamily, and the two markets run parallel to each other.

The financing package consists of a $900-million senior construction loan syndication led by J.P. Morgan and a $235-million preferred equity loan from an unnamed hedge fund.

John McGeown, vice president of Lifesciences & Industrial Technology for IDA Ireland, gives GlobeSt.com his take.