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NYC Market Update: Office Investment Activity Remains Depressed

New York
Transaction volume in the first four months of 2021 shrunk to less than one third of last year's figure.

E-Commerce Continues Driving Industrial Growth

CommercialEdge Reports
As rents rise in land-constrained coastal markets, developers are shifting their focus inland, the latest CommercialEdge report shows.

Alere Breaks Ground on Inland Empire Spec Warehouse

Los Angeles
The company is expanding its footprint with a new project, recent acquisitions and an additional 630,000 square feet in the pipeline.

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New York

JV Lands $500M Financing for Lower Manhattan Revamp

Nightingale Properties and Wafra Capital Partners will use the acquisition and construction loan to reposition an iconic 25-story tower.
Industrial

Jera Asset Management, Invesco Real Estate Form JV

The REIT plans to invest as much as $3 billion in distribution centers, logistics properties and cold storage facilities over the next several years.
New York

Mack-Cali Sells Last Suburban Office Portfolio for $84M

The transaction is part of the firm’s strategy to divest its non-core assets.

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Development

Ulster County’s Transformation Agenda

Public and private organizations are regenerating the county's towns, improving the areas where people live, work and unwind.

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