Leasing

AvalonBay Communities sold the 110-unit apartment complex, which is located outside of New York City in the prestigious neighborhood of Bronxville.

Rexford Industrial purchased the 261,582-square-foot building from Bridge Industrial.

The pandemic sent commercial real estate portfolios into disarray, but the recovery has REITs expanding their investment strategy.

Asking rents for Class A office space in Miami Beach have rebounded to $56.66 per square foot.

The company is using its real estate and private credit funds to invest in the platform.

The industrial investor has acquired five industrial properties in Southern California, bringing its total investment activity for the year to $420 million.

Different cities are experiencing different recoveries, however.

The population out of major metros during the pandemic will likely create a heyday for the retail sector in smaller cities.