Target keeps inventory moving in face of supply chain congestion

As retailers grapple with supply chain problems, Target is confident its proactive investments in fulfillment technology, distribution hubs and 24/7 supply chain operations are paying off as the holiday season approaches. Continue reading, visit ChainStoreAge.com: Click Here. Press Release Distribution Service

The Champion Companies sells 1,700 units to cap off record year 2021

The Champion Companies capitalized on the market hunger for multifamily assets in 2021, selling approximately 1,700 units throughout its portfolio in Central Ohio. (PRWeb October 14, 2021) Read the full story at https://www.prweb.com/releases/the_champion_companies_sells_1_700_units_to_cap_off_record_year_2021/prweb18258842.htm Press Release Distribution Service

Houston-based Nest Finders Leverages Its Partnership With Side To…

Nest Finders today announced Nest Florida, stepping into the Florida market in partnership with Side, the only real estate technology company that exclusively partners with high-performing agents,… (PRWeb October 14, 2021) Read the full story at https://www.prweb.com/releases/houston_based_nest_finders_leverages_its_partnership_with_side_to_create_nest_florida_expanding_into_the_sunshine_state/prweb18259757.htm Press Release Distribution Service

Trepp Partners with NIC MAP Vision to Provide CMBS Financial Data Set…

Trepp announced today that it has partnered with NIC MAP Vision to democratize the senior housing industry’s access to the must-have CMBS financial data set. (PRWeb October 14, 2021) Read the full story at https://www.prweb.com/releases/trepp_partners_with_nic_map_vision_to_provide_cmbs_financial_data_set_to_senior_housing_market/prweb18259853.htm Press Release Distribution Service

Soho gets a taste of what could be with new Vision Plan

Soho residents are getting a chance to see how their neighborhood could look if a new “Vision Plan” aimed at turning some of its congested streets into pedestrian plazas and reclaiming Broome Street from Holland Tunnel traffic gets the green light. Every Saturday throughout October, the local BID, the SoHo Broadway Initiative (SBI), is holding…

Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin

United Wholesale Mortgage is ditching its plan to accept crypto payments after its two-month pilot. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Developers launch condo sales after converting historic Wonder Bread factory in Hoboken

A roof deck is among more than 14,000 square feet of amenity space at Wonder Lofts, a new 83-unit condominium property at 720 Clinton St. in Hoboken. — All images courtesy: Prism Capital Partners By Joshua Burd A development team has unveiled a collection of 83 upscale condominiums at the site of a newly restored,…

REBNY partners with CoStar to launch ‘gamechanging’ new RLS

The Real Estate Board of New York (REBNY) is partnering with Homesnap to create the first-ever, consumer-facing search website and mobile app for its Residential Listing Service (RLS). Called Citysnap, REBNY says it will include the most complete inventory of residential real estate listings in New York City when launched in Q2 of 2022. The…

Even with low interest rates, mortgage payments are increasingly unaffordable

A median-income household would need to spend 32.6% of its annual earnings to own a median-priced home, according to the Atlanta Fed. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Childcare center takes 6,300 sq. ft. at Larken business park in Hillsborough

Hillsborough Business Center on Stryker Lane in Hillsborough — Courtesy: Larken Associates By Joshua Burd Larken Associates has lured another tenant to its sprawling business park in Hillsborough, signing a nearly 6,300-square-foot lease with a childcare center. In a news release, the real estate firm said Kinn Academy will occupy space at 133 Stryker Lane,…

Chinese developer misses bond payment as stress spreads beyond Evergrande crisis

There are increasing signs of stress in China’s property market after ratings agencies downgraded Fantasia and Sinic over debt concerns. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Zara set to being work on 223-unit Jamaica apartment development

Zara Realty is set to start work on a new 223-unit apartment development in Jamaica, Queens. Located at 153-10 88th Avenue adjacent to Rufus King Park, the nine-story, 218,000 s/f development will provide market rate and affordable climate-ready. In the Fall, the project, designed by Ismael Leyva Architects and Monadnock Construction, Inc., will begin pouring…

Underwriter rejoins Eastern Union team in Howell

By Joshua Burd Eastern Union has announced the hiring of a former broker on it team, who returns to the commercial real estate finance firm as a senior underwriter in its Howell office. In his new role, TJ Liebes is responsible for underwriting, analyzing and processing loan opportunities on behalf of property investors, according to…

Fintech platform doubles footprint at One Grand Central

Fintech platform iCapital Network is doubling its office footprint at One Grand Central Place. Empire State Realty Trust announced today that the global financial technology platform will expand 35,186 s/f from its previous 29,351 s/f space for a total of 64,537 s/f across three contiguous full floors. The previous 11-year lease has additionally been extended…

BNE eyes debut of 291-unit luxury apartment building in South Amboy

A common space Station Bay in South Amboy — Courtesy: BNE Real Estate Group By Joshua Burd BNE Real Estate Group is set to unveil nearly 300 new luxury apartments in South Amboy, marking the first piece of a sweeping redevelopment project along the Raritan Bay. The developer said the property, Station Bay in South…

Foreclosures are surging now that Covid mortgage bailouts are ending, but they’re still at low levels

Foreclosures are starting to surge as programs designed to help homeowners contend with the Covid pandemic have begun to expire. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Bergman lands $30M loan for Giralda Farms acquisition

JLL Capital Markets has arranged $29.9 million in acquisition financing for 7 Giralda Farms, a three-story, 236,809 s/f, Class A office building in Madison, New Jersey. JLL worked exclusively on behalf of the borrower, a joint venture between Bergman Real Estate Group and an affiliate of Eightfold Real Estate Capital, to place the four-year, floating-rate bridge…

Birch Group, financial firm ink 20,000 sq. ft. office lease in Short Hills

51 John F. Kennedy Parkway in Short Hills — Courtesy: The Birch Group By Joshua Burd A financial services firm has leased nearly 20,000 square feet of office space in Short Hills, becoming the latest tenant at a recently sold and soon-to-be upgraded cluster of buildings. The landlord, The Birch Group, said Blue Owl Capital…

How much house can you afford? Here’s what first-time homebuyers need to know

More than a quarter of buyers this year blew past their initial home-buying budget. Continue reading at CNBC.com: Click Here Press Release Distribution Service

Indian pharma giant leases NJ launchpad for US expansion

Indian pharmaceutical giant Alembic has leased its first US office space in new Jersey as a launch pad for further expansion. Colliers secured a 10-year office lease for Alembic Pharmaceuticals at The Offices at Bedminster. The firm’s Sam Horowitz, Chris Hovanec, Jack Callahan and Ray Iodice represented the landlord, Northeast Capital Group. Alembic Pharmaceuticals will…

Thor Equities, RWJBarnabas sign first lease at new-look Jersey City building

95 Greene St. in Jersey City — Courtesy: Thor Equities Group By Joshua Burd Thor Equities Group has inked its first deal at a repurposed life sciences building in Jersey City, securing an 11,000-square-foot lease with the state’s largest hospital network. According to the landlord, RWJBarnabas Health and Jersey City Medical Center will operate a…

As mortgage rates shoot even higher, refinance demand plummets 10%

A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand. Continue reading at CNBC.com: Click Here Press Release Distribution Service

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