Multifamily Trade Sets Sales Record for Chicago’s South Shore

The deal announced by brokerage firm Kislak Group involves the 208-units located at 7500 S. South Shore, 6916 S. Clyde Ave. and 7038 S. Chappel Ave.

       

source https://feeds.feedblitz.com/~/616028936/0/globest/new-york~Multifamily-Trade-Sets-Sales-Record-for-Chicago%e2%80%99s-South-Shore/

NY Investment Firm Buys Parsippany Buildings

The Cherry Hill Road complex totals 191,249 square feet of office space and sits at the crossroads of Interstates 80 and 287, as well as Routes 46 and 202.

       

source https://feeds.feedblitz.com/~/616027978/0/globest/new-york~NY-Investment-Firm-Buys-Parsippany-Buildings/

Deloitte Signs 110,000 SF Lease Deal at Downtown Morristown Project

The deal is contingent on New York City-based SJP Properties and Scotto Properties of Morristown securing full municipal approvals for the mixed-use project that will feature two headquarters Class A buildings.

       

source https://feeds.feedblitz.com/~/616027742/0/globest/new-york~Deloitte-Signs-SF-Lease-Deal-at-Downtown-Morristown-Project/

Even as Supply Drops, Net Lease Deals Are Closing

The spread between asking and closed cap rates for retail and office properties widened by 6 and 2 basis points respectively.

       

source https://feeds.feedblitz.com/~/616026470/0/globest/new-york~Even-as-Supply-Drops-Net-Lease-Deals-Are-Closing/

Harbor Group Buys Apartment Portfolio for $1.85B

The companies say the 13,243-unit portfolio sale is the fifth largest ever.

       

source https://feeds.feedblitz.com/~/616019474/0/globest/new-york~Harbor-Group-Buys-Apartment-Portfolio-for-B/

Newmark Group Acquires Hopkins Appraisal Services

The acquisition will add restaurant and retail petroleum specialty asset classes to Newmark’s valuation and advisory practice.

       

source https://feeds.feedblitz.com/~/616018242/0/globest/new-york~Newmark-Group-Acquires-Hopkins-Appraisal-Services/

What Keeps Multifamily Investors Up at Night

“When properties are trading at such low cap rates owners need to be right about their assumptions.”

       

source https://feeds.feedblitz.com/~/615992448/0/globest/new-york~What-Keeps-Multifamily-Investors-Up-at-Night/

KPR-DRA Advisors JV Acquires Central NJ Shopping Center for $32.3M

The shopping center, which is anchored by grocer Stop & Shop, is located on 14.4 acres at 1600 Perrineville Road.

       

source https://feeds.feedblitz.com/~/615983636/0/globest/new-york~KPRDRA-Advisors-JV-Acquires-Central-NJ-Shopping-Center-for-M/