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The purchase of 313-331 Bond St. calculated out to approximately $330-per-buildable-square-foot.

Mega-office builds are giving way to mega-leases in preleased agreements with tech giants, by and large, resulting in nearly complete absorption in the city as new development is often decades away.

“With this property situated in the heart of the state's largest college town, space at Georgia Heights will always be in demand."

With many markets and submarkets now entering a seventh, eighth or ninth year of RevPAR gains, the overriding question is how much farther can a particular market continue to advance without flattening?

Councilwoman Carlina Rivera voted to allow the Union Square tower without the development restrictions for the neighborhood originally requested.

Among the best performing markets in the hotelier's portfolio was the State of Florida where its hotel properties' RevPAR increased 10.2%.

P3 will be applying its BLUE brand of management to Somerset Financial Center.

The real estate investment firm received an $80 million loan secured by the Times Square property.