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New Moynihan Train Hall to open on New Year’s Day
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The new $1.6 billion Moynihan Train Hall will open on New Year’s Day. One of New York’s most ambitious transportation and infrastructure upgrade
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NYCHA bangs out another affordable housing deal with private developer
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The New York City Housing Authority (NYCHA), New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development
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CBRE brokers $30M industrial trade on 1-95 corridor
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CBRE announced the $29.37 million sale of Runnemede Corporate Center, a seven-building, 304,077 s/f light industrial portfolio serving the greater Philadelphia
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Are doc’ shops the new high street staple?
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High street stores are set to be overtaken by doc shops as phenomena known as “medtail’ becomes the new retail norm. That’s according to the 2021 Retail
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Oaktree throws beleaguered Ashford Hospitality a $350M lifeline
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Hotel REIT Ashford Hospitality Trust has been thrown a $350 million lifeline by Brookfield-owned Oaktree Capital. The company announced that is has secured
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ON THE SCENE: This week’s middle market sales
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Cushman & Wakefield announced the following sales: • A 15,000 s/f gas station (pictured top) with development rights located in the Bronx sold for $6 million.
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NYC landlords critical of new eviction moratorium
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New York’s rent stabilized landlords say a new emergency COVID bill extending eviction protections until the beginning of March is a stall tactic that
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ON THE SCENE: This week’s middle market sales
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SAM KUPERSMITH CBRE arranged the sale of a 30-unit apartment complex located at 1623 W. Venango Street in the Nicetown–Tioga neighborhood of Philadelphia.
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Affordable housing set to collapse like ‘house of cards’ warns RSA
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The Rent Stabilization Association, which represents 25,000 landlords of the one million rent-stabilized apartments in the five boroughs, has slammed the state’
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Gotham secures $235M construction loan for 55 Suffolk
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Gotham Organization, in partnership with Goldman Sachs Urban Investment Group, has closed on a $162.35M loan from co-lenders, Wells Fargo Bank, N.
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Blackstone sells $150M solar power portfolio
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Blackstone Group is selling a $150 million portfolio of solar power facilities to UK energy investment firm, SDCL Energy Efficiency Income Trust plc, or SEEIT.
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Healthcare leader signs Connecticut’s biggest lease of 2020
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Summit Development, and its joint venture partners Crestline Investors and Rizzo Companies, has signed a 220,000 s/f lease with Nuvance Health Systems