SL Green Secures $360M Refi for Midtown Office

The floating-rate financing was provided by Aareal Capital Corp. and arranged by Cushman & Wakefield.

       

source https://feeds.feedblitz.com/~/641094132/0/globest/new-york~SL-Green-Secures-M-Refi-for-Midtown-Office/

US Affordable Housing Vacancy Stabilizes in Q3

The affordable housing vacancy rate closed the third quarter at 2.4%, within the historical average for the asset class.

       

source https://feeds.feedblitz.com/~/640788934/0/globest/new-york~US-Affordable-Housing-Vacancy-Stabilizes-in-Q/

How Long Will Cities Be Out of Favor?

Large urban areas could spread out into networks of suburbs and smaller cities.

       

source https://feeds.feedblitz.com/~/640634068/0/globest/new-york~How-Long-Will-Cities-Be-Out-of-Favor/

Nominate Now for Influencers in Retail Real Estate

GlobeSt. Real Estate Forum is seeking impactful and accomplished retail professionals to highlight within its May 2021 issue. Submit your nominations before February 12!

       

source https://feeds.feedblitz.com/~/640607722/0/globest/new-york~Nominate-Now-for-Influencers-in-Retail-Real-Estate/

New York Retail Center Illustrates Risks of Loan Modifications

Large shutdowns in the Spring hurt the mall.

       

source https://feeds.feedblitz.com/~/640592766/0/globest/new-york~New-York-Retail-Center-Illustrates-Risks-of-Loan-Modifications/

Blackstone Closes $1.2B Simply Self Storage Deal

With this acquisition, BREIT becomes the third largest non-listed owner of storage in the US.

       

source https://feeds.feedblitz.com/~/640554002/0/globest/new-york~Blackstone-Closes-B-Simply-Self-Storage-Deal/

Why You Shouldn’t Fret About Rising Apartment Vacancies

While vacancy rates have increased this year, they are still well below the long-term average of 5.2% to 5.4%

       

source https://feeds.feedblitz.com/~/640548990/0/globest/new-york~Why-You-Shouldn%e2%80%99t-Fret-About-Rising-Apartment-Vacancies/

New York City Posts $1.4B Loss in Tax Revenue

REBNY’s key economic indicators have been sobering: New York City and state lost $1.4 billion in tax revenue due to significant declines in real estate market activity brought about by COVID and the downturn.  

       

source https://feeds.feedblitz.com/~/640463202/0/globest/new-york~New-York-City-Posts-B-Loss-in-Tax-Revenue/