CenterPoint Seeks to Expand Northern New Jersey Holdings

In the fourth quarter, CenterPoint completed three significant acquisition deals in the Northern New Jersey market.

       

source https://feeds.feedblitz.com/~/613471154/0/globest/new-york~CenterPoint-Seeks-to-Expand-Northern-New-Jersey-Holdings/

Innovo Property Group Scoops Bronx Warehouse

Innovo Property Group has acquired 511 Barry St., a 140,000-square-foot warehouse in the Hunts Point neighborhood of the Bronx for $54 million.

       

source https://feeds.feedblitz.com/~/613437042/0/globest/new-york~Innovo-Property-Group-Scoops-Bronx-Warehouse/

ABS Partners Closes Sale-Leaseback of 12 Pay-O-Matics in New York

The portfolio traded for $25.3 million and the going in cap rate was just under 5%.

       

source https://feeds.feedblitz.com/~/613423876/0/globest/new-york~ABS-Partners-Closes-SaleLeaseback-of-PayOMatics-in-New-York/

Mack-Cali Realty to Sell Entire 6.6M SF Suburban Office Portfolio

In connection with that initiative, Mack-Cali reports it has sold two suburban office portfolios totaling approximately 2.4 million square feet of office space in Parsippany and Madison, NJ to Onyx Equities, LLC in partnership with Taconic Capital Advisors, L.P. and Axonic Capital LLC.

       

source https://feeds.feedblitz.com/~/613421022/0/globest/new-york~MackCali-Realty-to-Sell-Entire-M-SF-Suburban-Office-Portfolio/

Penn South Capital Acquires LES Portfolio

Penn South Capital, a subsidiary of RAP Equities, has acquired a $27 million portfolio that includes 39 Clarkson St., a 40,000-square-foot, mixed-use office development.

       

source https://feeds.feedblitz.com/~/613408620/0/globest/new-york~Penn-South-Capital-Acquires-LES-Portfolio/

TF Cornerstone Enters Philadelphia Market with Macy’s Retail Space Buy

The retail component of the historic property at 1300 Market St. totals 435,000 square feet across three floors that is occupied by Macy’s.

       

source https://feeds.feedblitz.com/~/613404434/0/globest/new-york~TF-Cornerstone-Enters-Philadelphia-Market-with-Macy%e2%80%99s-Retail-Space-Buy/

Appearances Can Be Deceiving in Opportunity Zones

Even if an Opportunity Zones isn’t in a low-income area, one participant says it can have value.

       

source https://feeds.feedblitz.com/~/613403388/0/globest/new-york~Appearances-Can-Be-Deceiving-in-Opportunity-Zones/

A Deep Dive Into Retail’s Moderate Investor Outlook

In this exclusive video interview from the ICSC NY Deal Making Conference in Manhattan, Faris Lee’s Rick Chichester provides some practical advice for investors.

       

source https://feeds.feedblitz.com/~/613400888/0/globest/new-york~A-Deep-Dive-Into-Retail%e2%80%99s-Moderate-Investor-Outlook/