The Swedish investment and asset management firm bought the six-story rental from Benedict Realty Group in a deal brokered by HFF.

“Pricing is no longer being buoyed by the previously breakneck growth of the apartment sector,” says Peter Muoio at Ten-X. 

StreetEasy's Grant Long says the mix of rising rents and fewer discounts or concessions from landlords “shows signs of stabilization after a weaker rental market last year.”

RLJ Lodging Trust CEO Ross H. Bierkan says the combination of the two companies creates “the preeminent lodging REIT in the upscale focused-service and compact full-service space.”

The healthcare operator's sale to a BlueMuntain Capital joint venture, including facilities leased from Ventas, will “focus our attention to our higher margin and faster growing businesses,” says CEO Benjamin A. Breier.

Just six properties remain in the Brooklyn portfolio that the Jehovah's Witnesses amassed over the course of nearly a century.

Rauchet's first order of business will be JEMB Realty's 500,000-square-foot spec office project in Downtown Brooklyn and the renovation of Herald Towers in Midtown Manhattan.

“The negative narrative that has been out there about the death of retail is patently false,” says IHL Group's Greg Buzek.