Uneven Retail Comeback Likely in New York

Construction is limited in Manhattan but more active in the surrounding boroughs.

      

source https://feeds.feedblitz.com/~/648448998/0/globest/new-york~Uneven-Retail-Comeback-Likely-in-New-York/

Industry Veteran Launches Global CRE Platform

Jonathan Schein has launched the Real Estate Limited Partner Institute to connect industry stakeholders via virtual meeting technology.

      

source https://feeds.feedblitz.com/~/648065718/0/globest/new-york~Industry-Veteran-Launches-Global-CRE-Platform/

Time Equities Inc. Acquires Michigan Multifamily for $68M

The acquisition of the 250,524-square-foot, Grand Rapids property represents the state’s highest multifamily sales price since 2019.

      

source https://feeds.feedblitz.com/~/647979202/0/globest/new-york~Time-Equities-Inc-Acquires-Michigan-Multifamily-for-M/

Mack-Cali Sells NJ Office Portfolio for $254M

The firm has sold its four-property, 945,906-square-foot, Metropark portfolio to Opal Holdings.

      

source https://feeds.feedblitz.com/~/647972640/0/globest/new-york~MackCali-Sells-NJ-Office-Portfolio-for-M/

EJS Group Acquires Manhattan Development Site

The company purchased the Upper East Side corner property from Gastonia LLC for $32.3 million.

      

source https://feeds.feedblitz.com/~/647959160/0/globest/new-york~EJS-Group-Acquires-Manhattan-Development-Site/

New York Landlords Are Taking Retail to the Customer

With so many dark stores, landlords are going to have to partner with their tenants.

      

source https://feeds.feedblitz.com/~/647892954/0/globest/new-york~New-York-Landlords-Are-Taking-Retail-to-the-Customer/

Luxury Italian Retailer Inks Flagship Deal in Soho

The 5,000-square-foot lease is an example of the rebounding luxury retail market in New York City.

      

source https://feeds.feedblitz.com/~/647636660/0/globest/new-york~Luxury-Italian-Retailer-Inks-Flagship-Deal-in-Soho/

2021 Poised to be a Seller's Market for CRE Assets

Most investors plan to increase investment by at least 20% this year, but only 30% of investors on the sale-side made the same claim.

      

source https://feeds.feedblitz.com/~/647636188/0/globest/new-york~Poised-to-be-a-Sellers-Market-for-CRE-Assets/

WELL Health-Safety Rating Enrolled in One Billion SF of Space

The International WELL Building Institute has achieved the enrollment milestone nine months after launching the evidence based, third-party verified rating in June 2020.

      

source https://feeds.feedblitz.com/~/647593496/0/globest/new-york~WELL-HealthSafety-Rating-Enrolled-in-One-Billion-SF-of-Space/