New York

The 86,000-square-foot development will be the first and largest ground-up Opportunity Zone project in this highly-desirable submarket.

The New York City-based firm reports it has recently sold the Skyridge Club Apartments in suburban Chicago and the Sugarloaf Trails Apartments in suburban Atlanta.

CBRE states that the properties attracted offers from 15 separate investment groups.

The adjustable-rate loans have seven-year terms with five-year extension options if performance goals are met.

Demand for data highlighting investment opportunities for small multifamily properties is growing, buoyed by investor interest and the need for affordable housing.

Closing the transaction in a timely fashion was important to the real estate investor, who was racing against the clock to adjust its financial position in favor of changing market conditions.

Real estate investment firm Fisher Brothers has leased 93,542 square feet of its Plaza District Tower, dubbed Park Avenue Plaza, to General Atlantic Service Company.

Not long after the firm's IPO delay, Neumann and his advisers motioned to ax the role, the company announced.