Northeast

Scott Rechler says New York City needs to address its transit and traffic problems to preserve its status as a world class city.

“24-hour parking demand is increasing, commensurate with stepped-up downtown multifamily and hospitality development,” says Cushman & Wakefield's Ryan Larkin.

An evolution in the medical office space is creating a schism between the traditional buildings and the modern medical office building.

NP International, which acquired the 4.3-acre site in November 2016 from Berkowitz Development for $60.25 million, has hired UK-headquartered Balfour Betty to build the transit-oriented project that is scheduled for delivery in the fourth quarter of 2020 and is designed to achieve LEED-certified Silver designation.

Separately, GGP's proposed acquisition by Brookfield Property appears to be heading to the finish line.

The international engineering firm appointed four executives in management, technology and quality assurance roles.

The 58 properties spanned 10 states, including 39 properties in Pennsylvania and seven in New Jersey.

IndieBio is receiving $25 million in state support to boost life science start-ups and the local economy.