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Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The company will continue to invest in "well-connected digital assets across North America," according to the CEO.
This is only the beginning of the recovery in The Big Apple, says Sarah Hawkins.
A number of factors could slow transactions yet again this year.
The asking rent for a typical single-family home was $2,174 in December.
A recent boom in construction is the driving force behind improving affordability.
Blackstone is positioning itself at the forefront of this rapidly evolving sector.
"We're getting healthy rents," said partner Kenneth Fisher.
Bill Staffieri said he would put his money on it if he won the lottery.
The REIT will keep the remaining 55 percent.
Three-quarters of office space the GSA leases could also be canceled.