While the pandemic laid low many CRE markets, it highlighted even more investment advantages in the single tenant net lease sector, according to Colliers report.
The college has relocated its classrooms from Hudson Square to the Feil Organization’s Four Park Ave.
North River Co. and North Colony Asset Management procured the fixed-rate loan for the fully-leased, 312,513-square-foot, Matskil Building.
Partners Group sold the 88-property portfolio on behalf of a client, upon implementing a transformational, value-add program and securing 98% occupancy.
Accurate Builders and Developers will utilize the construction financing to develop 545 multifamily units and 60 townhomes in Basking Ridge, NJ and Parsippany, NJ.
It also plans to demolish the Hotel Pennsylvania to make way for new development.
In Manhattan’s prime 16 retail corridors, the average retail asking rent dropped 13.4% year-over-year.
A historic 94-unit, mixed-use property in the city’s Journal Square neighborhood has sold for a sales price equating to $252,500 per-unit.
The off-market sale comprises three hypermarket properties, which span 424,800 square feet and are triple-net leased to a global food retailer.
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