Stonepeak Buys 1.8M SF Industrial Portfolio in Jacksonville
The portfolio includes nine assets.
NEW YORK CITY—More than 200 people packed into the PS 20 auditorium in the Lower East Side, for Community Board 3’s vote on the development of the 21-story, mixed-use commercial building that will house a tech hub. The majority of attendees supported the creation of the tech hub, but as local residents they are wary about overdevelopment it may bring to the neighborhood.
David Mulkins referenced a gutted church on E. 12th Street between Third and Fourth avenues. “They cynically kept the front façade for a characterless NYU dorm that rises 26-stories behind it. It’s like a big raised middle finger saying ‘Screw you!’ to the community that opposed it,” he said.
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The portfolio includes nine assets.
More people are renting particularly in expensive cities like NYC and LA.
The recent EPA ruling about PFAS has ramifications for buyers of commercial real estate. Learn how PFAS risk is assessed and managed during acquisition.
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