Northeast

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

“Each of these Monmouth County class-B properties is poised for value-add enhancements and are among the most attractive asset class for investors, particularly since they account for almost 64% of the Central Jersey metro's total inventory,” says Gebroe-Hammer's Adam Zweibel.

Regulators on both sides of the Atlantic are eager to see banks wean themselves off of Libor.

Pembrook Capital Management provided Churchill Real Estate Holdings financing for a retail and office project at 257-263 W. 34th St.

Less than a year after the city passed a comprehensive rezoning of Far Rockaway, the city's Department of Housing Preservation and Development and Housing Development Corp. also reported on Wednesday they recently closed on construction financing to deliver 457 units of affordable housing for the initial phase of the Far Rockaway Village project.

Robust NYC construction lending market balances continued opportunity with potential headwinds.

Private equity continues to gravitate to deals in commercial real estate.

“During the first half of the year, ongoing demand for strategic distribution locations helped drive rental rates to historically high levels,” says Colliers International's David A. Simon.