Northeast

Collete English-Dixon, executive director of Roosevelt University's Marshall Bennett Institute of Real Estate, takes a closer look at how being involved in other organizations outside of what you get paid for can be a strong enhancement to your day job.

Summit Hotel Properties has entered into a joint venture with GIC, Singapore's sovereign wealth fund, to acquire assets that align with the company's current investment strategy and criteria.

US Green Building Council has recognized Bank of America Tower, Skanska's downtown office development, as the first LEED v4 Platinum Core and Shell certified project in the United States.

The Cities for Financial Empowerment Fund's lease with Blackstone's real estate funds points to continued diversification in Downtown Manhattan.

Single-tenant net lease assets have historically low volatility and offer investors a passive management style.

SL Green and the largest beauty retailer in the US have signed a long-term lease in the heart of Herald Square at Broadway and 34th Street.

The new facility will be constructed by the Hillwood Group of Dallas and Chapman Properties of Leetsdale, PA. Amazon has committed to investing more than $30 million into the project, state officials note.

CBRE reports that a bidding process for the 1,035-unit portfolio attracted more than 33 offers. The portfolio benefits high occupancy, 4.1% average annual rent growth since 2014 and high resident retention.