Northeast

The development will feature a blend of affordable housing and senior living components, and is expected to be completed by summer 2020.

The companies have made their third acquisition in the Eastern Seaboard in six months.

Approximately 40% of the building’s units are leased to Sonder, a short-term rental start-up in nearly 30 cities that recently surpassed a valuation of more than $1 billion.

The 21st Century Redevelopment Program was created last year in response to a number of demographic and economic trends that resulted in many suburban office parks and shopping malls becoming empty or underutilized.

Projects have been completed from Maine to Florida, from Minnesota to California and many points in between.

Precast walls are being erected at 50 Central Ave. which is scheduled for completion in the first quarter of 2020.

GlobeSt.com sat down with Adam Mullen, who leads CBRE’s Industrial & Logistics business in the Americas for answers.

This is the company’s 13th LIHTC fund with two new investors joining.