Northeast

Several people called Amazon's turnaround on its Long Island City, Queens HQ2 “a sad day” but some recognize deals often require buy-in from people with different views.

The REIT has acquired more than $1 billion of properties since its IPO in January 2018.

The agreement also calls for GE to reimburse MassDevelopment $87 million, which include the purchase the two brick buildings and land as well as construction and other financing costs.

The facility is close to PA Route 33, I-78, and I-80, the main highways to the ports of New York/New Jersey and the MSAs of New York and Philadelphia.

The 661,741-square-foot building, to be delivered in Newark before year-end, will provide modern bulk warehouse space with superior proximity, accessibility, flexibility and visibility.

Amanuel Mekonen, left, of Greystone & Co. sees investment money coming to Philadelphia from New York, while Christophe Terlizzi of KeyBank says the bank likes value-add multifamily projects.

David Barry's gigantic multifamily rental complex in Staten Island received a Fannie Mae loan which replaces the original $100 million construction loan.

In light of the growing flexible office space market, the brokerage and real estate advisor has made its Workthere services available in the US.