{"id":1004211372,"date":"2009-06-15T00:00:00","date_gmt":"2009-06-15T08:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/cpe-uncategorized\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/1004211372.html"},"modified":"2020-03-30T13:40:03","modified_gmt":"2020-03-30T21:40:03","slug":"new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/","title":{"rendered":"New York City Tri-State Area: Data Points – Where & How the Trades are Happening"},"content":{"rendered":"

\u00a0\"\"<\/a>The investment market held its collective breath late last week as the 10-year US Treasury touched 4% before settling at 3.79% on Friday. The sharp upward movement of the 10-year was a reminder of how important debt is to the overall economic recovery and our business in particular. Over the past twelve months, we\u2019ve seen the continuation of a number of debt trends that are shaping the deals that close today: assumable debt that drives transactions; regional lenders filling a lending void for smaller (sub-$25MM) deals, and Fannie & Freddie drawing buyers to multi-family with attractive first mortgage financing.<\/p>\n

The potential for out-sized returns created through in-place debt is helping to make larger purchases possible, as we experienced with the sale of Corporate Center last week, a 1,046,811\u00b1 SF multi-headquarter office campus located just off I-84 in Danbury, Connecticut. Constructed as the Union Carbide World Headquarters, Corporate Center is primarily leased to major credit quality tenants including Boehringer Ingelheim, Praxair and Honeywell, and was 62% occupied at the time of sale. The property\u2019s $72.4 million price was driven, in part, by existing short-term financing that yields a nearly 20% first-year cash-on-cash return based on the in-place NOI. The amenity-rich headquarter property and strong in-place financing made Corporate Center an attractive investment.<\/p>\n

The Corporate Center transaction also highlighted something we\u2019ve discussed in the recent past on this blog: the reemergence of the private buyer. Patiently waiting on the sidelines for the past few years, the private buyer is back and bidding more aggressively.<\/p>\n

We cover this and much more in our team\u2019s Summer 2009 newsletter<\/span><\/strong><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0The investment market held its collective breath late last week as the 10-year US Treasury touched 4% before settling at 3.79% on Friday. The sharp upward movement of the 10-year was a reminder of how important debt is to the overall economic recovery and our business in particular. Over the past twelve months, we\u2019ve seen…<\/p>\n","protected":false},"author":445,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004211372","post","type-post","status-publish","format-standard","hentry","category-cpe-blog"],"acf":[],"yoast_head":"\nNew York City Tri-State Area: Data Points - Where & How the Trades are Happening - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York City Tri-State Area: Data Points - Where & How the Trades are Happening\" \/>\n<meta property=\"og:description\" content=\"\u00a0The investment market held its collective breath late last week as the 10-year US Treasury touched 4% before settling at 3.79% on Friday. The sharp upward movement of the 10-year was a reminder of how important debt is to the overall economic recovery and our business in particular. Over the past twelve months, we\u2019ve seen…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2009-06-15T08:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-30T21:40:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/64.70.41.242\/wp-content\/uploads\/sites\/46\/2010\/01\/Jeffery-Dunne.bmp\" \/>\n<meta name=\"author\" content=\"Paul Rosta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/\"},\"author\":{\"name\":\"Paul Rosta\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ed97e8245f278ce01a7b951f706152af\"},\"headline\":\"New York City Tri-State Area: Data Points – Where & How the Trades are Happening\",\"datePublished\":\"2009-06-15T08:00:00+00:00\",\"dateModified\":\"2020-03-30T21:40:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/\"},\"wordCount\":276,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/64.70.41.242\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/01\\\/Jeffery-Dunne.bmp\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/\",\"name\":\"New York City Tri-State Area: Data Points - Where & How the Trades are Happening - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/64.70.41.242\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/01\\\/Jeffery-Dunne.bmp\",\"datePublished\":\"2009-06-15T08:00:00+00:00\",\"dateModified\":\"2020-03-30T21:40:03+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ed97e8245f278ce01a7b951f706152af\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/#primaryimage\",\"url\":\"https:\\\/\\\/64.70.41.242\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/01\\\/Jeffery-Dunne.bmp\",\"contentUrl\":\"https:\\\/\\\/64.70.41.242\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/01\\\/Jeffery-Dunne.bmp\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New York City Tri-State Area: Data Points – Where & How the Trades are Happening\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ed97e8245f278ce01a7b951f706152af\",\"name\":\"Paul Rosta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g\",\"caption\":\"Paul Rosta\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/paul-rosta-2\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New York City Tri-State Area: Data Points - Where & How the Trades are Happening - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/","og_locale":"en_US","og_type":"article","og_title":"New York City Tri-State Area: Data Points - Where & How the Trades are Happening","og_description":"\u00a0The investment market held its collective breath late last week as the 10-year US Treasury touched 4% before settling at 3.79% on Friday. The sharp upward movement of the 10-year was a reminder of how important debt is to the overall economic recovery and our business in particular. Over the past twelve months, we\u2019ve seen…","og_url":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2009-06-15T08:00:00+00:00","article_modified_time":"2020-03-30T21:40:03+00:00","og_image":[{"url":"https:\/\/64.70.41.242\/wp-content\/uploads\/sites\/46\/2010\/01\/Jeffery-Dunne.bmp","type":"","width":"","height":""}],"author":"Paul Rosta","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/"},"author":{"name":"Paul Rosta","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af"},"headline":"New York City Tri-State Area: Data Points – Where & How the Trades are Happening","datePublished":"2009-06-15T08:00:00+00:00","dateModified":"2020-03-30T21:40:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/"},"wordCount":276,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/#primaryimage"},"thumbnailUrl":"https:\/\/64.70.41.242\/wp-content\/uploads\/sites\/46\/2010\/01\/Jeffery-Dunne.bmp","articleSection":["Blog"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/","url":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/","name":"New York City Tri-State Area: Data Points - Where & How the Trades are Happening - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/#primaryimage"},"thumbnailUrl":"https:\/\/64.70.41.242\/wp-content\/uploads\/sites\/46\/2010\/01\/Jeffery-Dunne.bmp","datePublished":"2009-06-15T08:00:00+00:00","dateModified":"2020-03-30T21:40:03+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/#primaryimage","url":"https:\/\/64.70.41.242\/wp-content\/uploads\/sites\/46\/2010\/01\/Jeffery-Dunne.bmp","contentUrl":"https:\/\/64.70.41.242\/wp-content\/uploads\/sites\/46\/2010\/01\/Jeffery-Dunne.bmp"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/new-york-city-tri-state-area-data-points-where-how-the-trades-are-happening\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"New York City Tri-State Area: Data Points – Where & How the Trades are Happening"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ed97e8245f278ce01a7b951f706152af","name":"Paul Rosta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9c1c95e152828621b403b03a53198a2cb762882a74877838d5ccb2f54ebd769f?s=96&d=mm&r=g","caption":"Paul Rosta"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/paul-rosta-2\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/445"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004211372"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211372\/revisions"}],"predecessor-version":[{"id":1004404367,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004211372\/revisions\/1004404367"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004211372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004211372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004211372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}