Union gets back in US investment game

Following a pause of over three years, Union Investment is actively investing in the US real estate market again and has acquired a trophy retail property on Chicago’s most exclusive shopping street. Located at 57-65 East Oak Street, the building offers some 30,000 s/f of rental space and is fully leased to fashion brands Chanel,…

New-look Gateway taking shape in Newark, with commitments from eight new restaurants

A new two-story jewel box entryway along Market Street, as depicted in this rendering, is part of Onyx Equities’ sweeping overhaul of the four-building Gateway Center in Newark. — Courtesy: Onyx/Gensler By Joshua Burd Eight new restaurants are coming to Newark’s Gateway Center, marking the latest step in a $40 million overhaul of the four-building…

Pending home sales fell unexpectedly in September, likely due to higher mortgage rates

Pending home sales fell an unexpected 2.3% in September compared with August, according to the National Association of Realtors. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Marketing firm subleases 14,000 s/f at 111 West 33rd Street

Savills represented Tinuiti, one of the largest independent marketing firms operating in the digital space, in a nine-year, 14,214-square-foot sublease at 111 West 33rd Street. The company’s workforce has grown significantly due to a series of mergers and acquisitions and significant recent investments from New Mountain Capital. The move allows Tinuiti to relocate from a 7,000…

EverWest buys Somerset industrial building for $28 million, adding to growing portfolio

650 Randolph Road in Somerset — Courtesy: EverWest Real Estate Investors By Joshua Burd An investment manager has acquired a nearly 126,000-square-foot industrial building in Somerset County, marking its third such purchase in the region in two months. In a news release, EverWest Real Estate Investors said it paid $27.7 million for the property at…

Bitcoin, housing and parts of tech are in a dangerous bubble, all-star investor Rich Bernstein warns

Richard Bernstein Advisors’ Rich Bernstein, an Institutional Investor Hall of Famer, is worried investors are getting too deep in risky trades and investments. Continue reading at CNBC.com: Click Here Press Release Distribution Service

EverWest continues tri-state tear with latest industrial purchase

With a new industrial building purchase, EverWest Real Estate Investors has amassed $127 million in tri-state industrial assets in the past two months. Its latest acquisition, a 125,790 s/f Class A industrial building in Somerset, New Jersey, was purchased for $27.7 million. Located at 650 Randolph Road, the property is fully occupied under a long-term lease with…

Stone company leases 24,000 sq. ft. at Meadowlands warehouse, NAI Hanson says

99 Murray Hill Parkway in East Rutherford — Courtesy: NAI James E. Hanson By Joshua Burd A family-owned stone company is taking more than 24,000 square feet of industrial space in East Rutherford, according to a brokerage team with NAI James E. Hanson. The tenant, Marmiro Stones, will use the space at 99 Murray Hill…

Op-ed: Opportunity zone funds are more about hype than substance when it comes to tax planning

Opportunity zones generated buzz when introduced four years ago, but when it comes to tax planning, they’ve always been more hype than substance. Continue reading at CNBC.com: Click Here Press Release Distribution Service

SUMMIT observatory opens at One Vanderbilt

SL Green Realty Corp. celebrated the grand opening of SUMMIT One Vanderbilt, its immersive observatory experience, today. SL Green executives, SUMMIT One Vanderbilt creators, One Vanderbilt partners and New York City leaders celebrated the occasion at a ribbon cutting ceremony to officially open the destination to its first visitors. SUMMIT One Vanderbilt opens as New York City…

Liberty Science Center kicks off $300 million, mixed-use expansion in Jersey City

The Liberty Science Center welcomed public officials and business leaders on Friday, Oct. 22, to mark the start of a sweeping, $300 million expansion that will add a new business incubator, a high school and 400 apartments to its campus in Jersey City.  — Courtesy: Governor’s Office By Joshua Burd The Liberty Science Center has…

Buying a home is a goal for many Americans. How this bank is helping members of low- and moderate-income communities achieve that

Bank of America has established a $15 billion initiative to help Americans buy homes. So far, the company says it has helped 29,000 people reach that goal. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Robotics startup takes 54,000 s/f at 1900 Broadway

 Ogden CAP Properties announced today that Viam, a robotics software startup, has signed a 10-year, 54,000 s/f lease encompassing the entire sixth floor at 1900 Broadway, located steps away from Lincoln Center. “This lease showcases the strength in the product we are offering at 1900 Broadway – a boutique office building, with large floor plates, spacious bright and airy spaces…

JLL: Investors wanted for 655,000 sq. ft. light industrial portfolio in Bergen, Morris

JLL’s New Jersey capital markets team is marketing a 10-building, 654,633-square-foot light industrial portfolio in northern New Jersey, which includes four buildings in Whippany. — Courtesy: JLL By Joshua Burd A portfolio of 10 light industrial buildings in Bergen and Morris counties is on the market for sale, with the potential to draw offers in…

China may be moving toward easy monetary policy, but it will have to tread delicately

China’s central bank is poised to move carefully toward easing monetary policy, even as the U.S. is on its way to tightening policy. Continue reading at CNBC.com: Click Here Press Release Distribution Service

SL Green signs Chelsea Piers Fitness as first tenant at One Madison

SL Green announced that Chelsea Piers Fitness has signed a 55,780 s/f, 20-year lease covering portions of the ground, second, B1 and B2 levels of the Company’s 1.4 million square foot, Midtown South office tower development at One Madison Avenue. Located adjacent to Madison Square Park between Park and Madison Avenues, Chelsea Piers Fitness is the building’s first tenant and is the foundation…

Marcus: Four-building, 52,000 sq. ft. medical office portfolio fetches $7.2 million

603, 608, 620 and 730 North Broad St. in Woodbury — Courtesy: Marcus & Millichap By Joshua Burd A private buyer has closed on a four-building medical office portfolio in the Gloucester County city of Woodbury, under a deal arranged by Marcus & Millichap. Located at 603, 608, 620 and 730 North Broad St., the…

Sales of existing homes rose in September, likely due to a brief decline in mortgage rates

Sales of existing homes rose 7% last month, likely driven by a brief decline in mortgage rates. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Aspire Pacific Realty Partners With Side To Create Crux Real Estate,…

Kevin Gioia of Aspire Pacific Realty today announced Crux Real Estate and its partnership with Side, the only real estate technology company that exclusively partners with high-performing agents,… (PRWeb October 22, 2021) Read the full story at https://www.prweb.com/releases/aspire_pacific_realty_partners_with_side_to_create_crux_real_estate_expanding_its_deal_making_capabilities_for_san_diego_buyers_and_sellers/prweb18272743.htm Press Release Distribution Service

Ziegler Closes $47,240,000 Financing For Redstone Presbyterian…

Ziegler, a specialty investment bank, is pleased to announce the successful closing of Redstone Presbyterian SeniorCare Obligated Group’s Series 2021 Bonds. (PRWeb October 22, 2021) Read the full story at https://www.prweb.com/releases/ziegler_closes_47_240_000_financing_for_redstone_presbyterian_seniorcare/prweb18278334.htm Press Release Distribution Service

ARTAVIA Partners With Alosant to Launch Branded Lifestyle App for…

ARTAVIA App Powered By Alosant Achieves 80% Adoption Rate Within First Seven Weeks (PRWeb October 22, 2021) Read the full story at https://www.prweb.com/releases/artavia_partners_with_alosant_to_launch_branded_lifestyle_app_for_residents_and_prospects/prweb18279509.htm Press Release Distribution Service

Leveraging AI pricing to entice this year’s holiday shoppers

The fast-approaching holiday season represents huge opportunities for all. Continue reading, visit ChainStoreAge.com: Click Here. Press Release Distribution Service

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