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.
The substantial improvement definition could be one based on total cost expenditures or something based on the strict definition of what could must be capitalized.
In the largest of the agreements, Ameribest expanded its existing offices with the lease of another 6,924 square feet on the second floor of 990 Spring Garden.
Investors Bank's largest single CRE loan, which was completed at the end of 2018, was a $42 million transaction to refinance the commercial mortgages on 27 retail properties in multiple locations.
Pembrook Capital's Stuart Boesky says he's bullish on Philadelphia's multifamily market and this transaction is an investment into a neighborhood that is in the process of rapid revitalization.
The flexible office provider is now occupying close to 60,000 square feet, the full eighth floor of Columbia Property Trust's landmark office property.
The company which creates and operates active lifestyles facilities branches out to its second Brooklyn location, leasing more than 30,000 square feet at 87 Kent Ave.
The New York City metropolitan area remained the top market in the US with $28.7 billion in commercial/ multifamily construction starts, an increase of 10% after posting a 13% decline in 2017.