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.
New York City's planning commission chair Marisa Lago spoke about where the city is headed with real estate growth at REBNY's 16th Annual Commercial Management Leadership Breakfast.
111 Harbor Way is a 525,000 square foot, 17-story building with two stories devoted to retail and restaurant uses. Amazon will be leasing approximately 430,000 square feet at the property and will take occupancy of the building when construction is completed in 2021.
The now former chairman of Newmark RKF, the retail brokerage firm owned by Newmark Knight Frank and BGC Partners had been let go “for cause” according to the New York Post.
The deal for the facility marks the 10th and final acquisition in a Brennan-Arch Street in its current single-tenant, net lease industrial aggregation venture. Brennan and Arch Street report they are launching an eighth venture—USIPA – Brennan Ventures III.
The fund plans to invest in six projects in designated opportunity zones, including residential developments in Brooklyn and the Bronx, and a shopping center in Connecticut, sources say.
The Class-A facility, located at 150 Whitman Ave. in Edison, will feature 36-foot clear ceiling heights, 23 exterior docks, five trailer positions, parking for up to 62 cars, and one drive-in door.
Iovance expects to invest approximately $75 million over three years for equipment and construction of the manufacturing suites. The company expects the new facility at the Philadelphia Navy Yard will be completed in approximately two years.
The combination of DBRS with Morningstar Credit Ratings' U.S. business will expand Morningstar's global asset class coverage and provide an enhanced platform that will provide investors with leading fixed-income analysis and research, the company states.