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.
As industrial properties continue to be all the rage, Innovo Property Group and Square Mile Capital are buying and modernizing another distribution center—this time in Queens.
Toll, who is 77, will remain a member of the board of directors, will serve as a special advisor to the company, and will be honored with the lifetime title of chairman emeritus of the board.
Although retailers/restaurants continue to lease retail space, others are closing down locations including some big box tenants who have been part of the retail landscape for many years.
The latest construction industry report optimistically indicates continued growth but also realistically lays out areas where activity is projected to slow down.
The State Comptroller's report notes that New York was one of just 11 states that sent more in tax dollars to Washington in federal fiscal year 2017 than it received. Only New Jersey, Massachusetts and Connecticut fared worse in terms of the tax/funding ratio.