Northeast

Since the $61-million purchase, the new ownership has engaged in a more than $10-million capital improvement program aimed at creating a modern and flexible industrial property.

They used to be called group homes and were once an informal and for the most part uncounted part pf the multifamily market. Now called coliving, this…

The two firms state that the property, which is expected to be completed and ready for occupancy in the first quarter of 2021, will “deliver the critical infrastructure and support network needed to advance biomedical research.”

The U.S. healthcare sector accounts for nearly 18% of GDP and is expected to grow about 5% annually through 2025.

Demand for short-term housing has grown so much, it has outpaced the availability.

The Los Angeles-based commercial and industrial investment firm sold the property, which is fully leased to True Value, to a joint venture of Brennan Investment Group, LLC of Chicago and Greenwich, CT-based Arch Street Capital Advisors, LLC.

In a GlobeSt.com interview, Newmark Knight Frank's chairmen and co-heads of capital markets, debt and structured finance share market insights and talk about the work they do.

The community was originally built between 2004 and 2005 and features a mix of one- and two-bedroom apartments with an average size of 998 square feet.