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.
"Elevated demand from e-commerce retailers and distributors coupled with a limited supply of land and space, has led to record high sales prices for quality industrial assets like 39 Robinson," says NAI Hanson's Andrew Somple.
The Westchester County Industrial Development Agency granted a resolution of intent to provide more than $5 million in incentives for the Rose Associates' project to redevelop 440 Hamilton Ave. into a mixed-use property.
Greenland Forest City Partners, TF Cornerstone and Brodsky Organization are accelerating the construction of mixed-use developments near Barclays Center.
Triple Five acquired the 105-acre campus earlier this year in a bank-ruptcy auction for $14 million. Triple Five is planning to redevelop the Shirley, Long Island campus into an aviation education and re-search center.
The project at 12 Mountfort St. will be the first major office building to be constructed in Downtown Portland in the last quarter century and will be a major economic catalyst for the region as Vets First Choice expects to ramp up hiring here.