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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.
Leases could be renegotiated, properties repurposed, or even a company breakup.
The performance was also strong in Northwest Queens.
Investors are reassessing their portfolios in response to changing conditions.
Some agencies are appealing to DOGE to exempt specific buildings.
Early indications are that demand is weakening as absorption drivers are slowing.
Multifamily operators may find some tenants harder-pressed to pay rent.
The company does recognize problems in its current office portfolio.
Also, Meadow Partners is dropping a $62.5 preferred equity investment on the property.
Survey reveals salary growth and incentive trends in the corporate real estate sector.
A law firm occupying 30% of the property moved out last year.