Northeast

The innovation of traditional brick-and-mortar for pop-ups have emphasized in-person experiences and driven up foot traffic in areas, but have changed the traditional lease structures for cheaper rents.

DSC Logistics has already taken occupancy of 250,000 square feet at the building to start processing inbound deliveries and, within the next six months will expand to occupy half of the newly built distribution center once additional interior and site improvements are completed.

"Colony's Board has given Tom Barrack too much deference and too much latitude for too long," according to Blackwells Capital CIO Jason Aintabi.

The new location it is expected to open for business in the fourth quarter of 2020.

The new 10-year interest-only loan has a fixed rate of 2.99% and matures in December 2029.

Upon completion, Hoboken Heights at 1300 Manhattan Ave. will feature four buildings with 55 luxury residences, including nine penthouses with private elevators and expansive terraces.

Locally-based Nicole Crafts, the parent company of A.C. Moore, announced that it was exiting its retail operations and has hired the retail and real estate divisions of Gordon Brothers to close the A.C. Moore stores located from Maine to Florida.

Most commercial real estate lending is indexed over the five- and 10-year treasury bills.