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Newmark Knight Frank to Buy 6 IRR Offices
This acquisition will continue an expansion of the company’s valuation & advisory practice that has been ongoing for at least a year.
Lowenstein Sandler Opens New HQ in the Garden State
The national law firm occupies 170,000 square feet at 56 at Roseland, a Class A office building redeveloped by Mountain Development Corp. and Square Mile.
Employment Gains Spur Growth in Philadelphia
An evolving wage structure, an influx of young professionals and the boom in hospitality and development are helping the metro’s multifamily market keep its head above water.
Specialty REIT Has the FBI on its Most Wanted List
With the acquisition of the Salt Lake City regional headquarters, Easterly Government Properties has become the nation’s largest private owner of FBI field offices.
DivcoWest’s Fifth Fund Exceeds $1.5B Target
The value-add investment vehicle, which targets office and R&D properties in markets with high barriers to entry, closed on a high note, becoming the company’s largest fund ever.
Blackstone Appoints New Executive
Industry vet Kelley Morrell joins the company as managing director & head of asset management for the Tactical Opportunities business.
Omega Healthcare to Invest $190M in SNF Portfolio
The company has reinforced its status as the nation’s largest owner of post-acute care facilities with the acquisition of 15 Indiana properties, which were leased to an existing operator.
Brennan Buys Multi-State Industrial Portfolio
The purchase of three properties in Chicago, Indianapolis and Bakersfield, Calif., caps a busy year for the group, which now owns more than 28 million square feet of space in 23 states.
New Supply Keeps Rent Growth Tepid in Baltimore
Thanks to the revival of its core and the emergence of the Baltimore-Washington corridor as a strategic location, the metro’s multifamily fundamentals have stabilized.
Creative Office Project Breezes Through Brooklyn
The Hudson Cos. began construction on the Breeze, a three-story project totaling 100,000 square feet of office and retail space at 315 Meserole St. in East Williamsburg.