Commercial Real Estate Staff Report The vacancy rate for office properties in St Louis increased to 18 percent in the first quarter, its highest level since 2013 when it reached 1793 percent, according to Colliers International The latest rate...
REBusiness Online Beachwold Residential LLC has bought The Norwalk Collection, a 662-unit multifamily portfolio in Norwalk, Conn, for $2935 million, or $443,353/unit The New York developer bought the portfolio from a venture of Invictus Real Estate...
Multi-Housing News Invesco Real Estate Income Trust Inc has acquired a majority interest in the Everly Roseland apartment property in Roseland, NJ, in a deal valuing the 360-unit property at $1605 million, or $445,833/unit Novel Property Ventures of...
Commercial Observer Innovo Property Group’s proposed purchase of the HSBC Tower in Manhattan for $855 million is on hold and could fall apart The New York company so far has failed to secure financing for the deal, which was expected to close...
Multi-Housing News Rockrose Development has lined up a $210 million loan from Metropolitan Life Insurance Co against 47-05 Center Blvd, a 396-unit apartment property in Queens, NY Avison Young arranged the 15-year loan, which allowed Rockrose to...
Multi-Housing News Avanath Capital Management has paid $315 million, or $524,126/unit, for two apartment properties with 601 units in downtown Brooklyn, NY The Irvine, Calif, investment manager bought the two buildings from Greenland USA, an...
Rentvcom Becton, Dickinson and Co has agreed to lease 240,000 square feet at Park Point, a 472,000-sf office and research and development property in Milpitas, Calif JLL brokered the lease on behalf of the medical technology company, while Newmark...
Kastle Systems, which tracks actual occupancy at office properties in major markets across the country, reported a slight decrease in occupancy for the week through May 18, to 433 percent The Falls Church, Va, company, which installs security...
Commercial Observer Fora Financial has inked a nine-year lease for 23,500 square feet, encompassing the 15th floor at 1385 Broadway in Manhattan The lender of small business loans will move from 519 Eight Ave, also in Manhattan, where it’s...
Wall Street Journal Amazoncom Inc, perhaps the most active lessee of industrial space in recent years, is said to be looking to vacate at least 10 million square feet of warehouse space it occupies and may want to sublease it The move follows the...
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