Northeast

The 178,200-square-foot Class A property was sold by Westbrook Partners of New York City. Hines is headquartered in Houston, while Oaktree Capital maintains its headquarters in Los Angeles. Westbrook acquired the property in late 2017 for $72 million.

Very few concessions are being offered in large markets such as Providence, Riverside/San Bernardino, Sacramento, Minneapolis/St. Paul and Boston, with discounts on only about 5% to 7% of apartments.

Despite plodding progress, rental housing owners and residents have their eye on innovative upside.

So says Deborah R. Phillips, Ph.D., CPM, and that's the message she'll be spreading at the IREM 2019 Global Summit in San Francisco next month.

Housing shortages have turned commercial real estate investor attention to the single-family residential rental sector. 

The deal announced today calls for Hudson's Bay Co. to receive $ $75 million in cash upon the transaction's closing and a secured promissory note for $25 million payable in cash after two years.

A Capital One survey found that urban professionals have higher expectations that employers will provide resources to support mental health and well-being, which includes thoughtful office design.

While there is a push to adopt new technologies, some veteran brokers are saying no to real estate technology.