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.
Once thought of as co-working offices, now more often referred to as flexible space, for H1 2019 this sector has reached 8.5% of leasing activity nationwide, according to CBRE's latest research.
Four Corners Property Trust has signed a definitive agreement for the purchase of 20 additional outparcel properties from Washington Prime Group for a purchase price of approximately $37.8 million.
In June, the Port Authority predicted record activity levels at the Port of New York and New Jersey. On Thursday, the authority reported that during the first six months of 2019, the port set a new all-time record for cargo, handling 3,652,841 TEUs (20-foot equivalent units).
The firm reports it is now accepting investors for its first property, The Ewing Hotel in West Cape May. The boutique luxury hotel is scheduled to open in 2021.
GlobeSt.com learns that Aarons aspires to tether the worlds of real estate and technology entrepreneurship together so tightly that his presence in the space is no longer necessary to serve as translation between the two parties.
The new features driven by investor demand include the addition of short-term rental tracking, transaction auto-categorization using machine learning, and a method to organize real estate documents.