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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.
An influx of supply impacted Florida rents, while New York markets continued double-digit growth.
Owners and occupiers both feel pressure while conditions also limit rents.
Investors are consolidating scrap yards and dirt lots into valuable IOS assets to address a commercial parking shortage.
High interest rates will continue to influence storage demand well into 2025
The company says the product can generate thousands of viable building designs in seconds.
The REIT acquired the portfolio for $153.4 million.
Big banks are trying to unload loans before they're forced to recognize a loss.
Like Blackstone's AIR Communities deal, this transaction boosts hope that multifamily is recovering.
Office and some multifamily types are the big concerns say the regulator.
Insurance premiums rose 27.7% YOY in January