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ULI also reports that Brian Collins, head of development, Fisher Brothers, is the organization's new vice chairman. Both Kohn and Collins took on their new roles at ULI New York effective July 1.

The partnership has purchased the vacant office space in the former Gucci Building for $135 million.

“The building offers a great mix of office and warehouse space and presented an excellent opportunity for this buyer,” says Jeff Henson of Lincoln Property.

Non-optimal activities, limited technology use and labor issues continue to plague the construction and logistics industries, with the former accounting for $177.5 billion in US labor costs per year.

“The first six months have been extremely robust in terms of deal totals and units sold, with demand for every asset class—from class-A to value-add B/C product—hitting all-time high levels,” says Gebroe-Hammer's Ken Uranowitz.

Kushner Cos. sells a 100% leasehold interest to Brookfield and buys the 49.5% stake from Vornado in its debt-saddled Midtown tower.

Successful retailer operators are focusing on experiences, both in-store and within the overall retail center, such as The Hill, which has enlisted five local artists to bring unique art to the shopping district.

Investors find strength in the northwest Houston submarket as it continues to become more in-fill and with very limited flex product built this cycle, buyers have the ability to underwrite future rent growth.