New York

The center will feature physician offices, diagnostic imaging and physical therapy services and is scheduled to open in 2019.

The company has hired Michael Heneghan to open and run the office.

Panelists at the Mortgage Bankers Association of New York conference predict advantages that rising interest rates will bring to alternative lending.

The $66 million purchase marks Elion's first real estate transaction in New York City.

The deal, reported by brokerage firm Marcus & Millichap, involves 18 retail properties and one vacant lot. The portfolio totals 106,708 square feet of rentable retail space and 493,679 buildable square feet.

Real estate attorney Doug Ulene explains going public would be the only exit strategy for Cushman & Wakefield's private equity backers.

The New York City brokerage firm will shut its doors after 37 years in business.

Promenade Crossing is currently undergoing capital improvements. The property's amenities include a pool deck with grilling stations, media lounge, fitness center, car wash station, clubhouse and a dog park.