High-rise rents in Boston jumped to $62.13-per-square-foot on average, fourth most expensive in the nation. Cambridge office rents, while not part of JLL's Skyline report, have grown by an impressive 68% in the last five years, reaching $70.77-per-square foot.
A number of new residential records were set in the second quarter including new all-time high average sales prices set for various home types in Brooklyn, Queens, and Staten Island in the second quarter of 2017.
Greystone, which provided the HUD-insured $78,399,600 permanent loan, says the transaction is one of the largest ever HUD loan for a skilled nursing facility.
The medical center will be operated by the Charles B. Wang Community Health Center and will provide care to more than 25,000 underserved New Yorkers. The project, upon completion, will create more than 140 new jobs in the first three years of operation.
O'Brien stressed with Globest.com that despite the infusion in capital from Fortress Funds, CoreVest will remain an independently-run company and in fact will be managed by the former senior management team at Colony.
Responses to the RFQ are due no later than 5 p.m. on Aug. 11, 2017. JetBlue plans to notify qualified teams by September 2017. That same month it will issue an RFP on the project and expects to select a winning Best Value team by the first quarter of 2018.
Designed by James Corner Field Operations, the visionaries behind Manhattan's High Line, the new rooftop amenities at 45 Main St., 55 Washington St., and 20 Jay St., range in scope from 8,500 to 11,000 square feet.
ArtBuilt Brooklyn is looking to secure long-term leases with individuals and firms that require spaces ranging from 250 square feet to 4,000 square feet.
CBRE reports Midtown saw a great deal of activity in leases of 50,000 square feet and over. In fact, 63% of the year-to-date leasing activity in Midtown Manhattan has taken place in either newly constructed or substantially renovated properties.
Saying the fight was worth it, County Executive Astorino said the last remaining issue between the county and HUD was resolved when the federal housing agency finally agreed that there were no cases of exclusionary zoning in Westchester.
