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.
New York City-based Tishman Speyer reports the $1,208-per-square-foot sale price for the Seaport District office tower at 200 Pier 4 Blvd. calculates out to the highest ever achieved for a Boston office property.
New Jersey buyers aren't used to the aggressive price bidding from New York competitors who see even record-high New Jersey prices as a bargain, says Alan Cafiero of Marcus & Millichap.
The New York City office of real estate lending and investment firm Greystone provided a $68.77 million Fannie Mae DUS loan to Quantum Equities for the property purchase.
The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less volatile returns than most major US real estate sectors during the past 25 years.
APARTMENTSTech will focus on multifamily landlords that are using emerging tech in VR/AR, data and analytics, IOT/Smart Homes, and deal management platforms.
On its Mercado del Barrio in San Diego's Barrio Logan, developer Shea Properties has worked with the community to preserve the local culture of the neighborhood.