The purchase adds to the developer's Upper East Side residential portfolio.

The portfolio takes up 217,217 square feet of space.

Class A and trophy buildings comprised more than three-fourths of the leases in 2024.

The projected slowdown comes as more supply enters the market.

It has broken ground on a $2 billion biologics manufacturing facility in Wilson, N.C.

The luxury brand might be willing to pay for 65,000 square feet of retail space.

A net of 28 residents are moving into the metro area every day.

The most favorable rates can be found on upscale finishes and new Class As.