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 governor said that a congestion pricing plan is necessary in order to prevent a nearly 30% MTA fare hike, as well as the further deterioration of the transit system in coming years.
The deal adds to Brookfield's portfolio in Boston that includes 13 office and life science properties totaling more than 3 million square feet and six multifamily properties.
In an EXCLUSIVE GlobeSt.com article, Jahn S. Brodwin, senior managing director at FTI Consulting, explains why cash flow, cap rates and currencies point to sale-leasebacks.
“Space utilization and efficiencies are important to all industrial tenants today as they focus on increasing profits in a competitive market,” says Avison Young's Todd Heine, who helped Fleetwood reduce its overall space with the new lease.