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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.
ngka Investments will own one-third of 570 Fifth Ave., a one-million-square foot building that Extell plans to develop.
As of the end of May, about $22 billion in loans received modifications
The deal highlights the growing importance of data to decision-makers.
In some markets the premium on Class A apartments was much lower than the national average.
Work from home might have a 14% impact on office demand with 24% vacancy by 2026.
Growing companies focused on AI were particularly strong in collaborative office formats.
Miami was one of the priciest markets for industrial construction in the US.
The company was acquired by real estate advisory firm Max Benjamin Partners earlier this year.
More building permits issued for accessory units than full homes.
Manhattan office leasing velocity totaled 8.7 million square feet.