Joseph Sitt

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  • Economy Watch: Apartment Rents Stabilize in Summer

    The national median rent increased in September to its highest point of 2017, hitting $1,018, according to a recent ABODO report. However, the increase is only up a bit from January, when the median was $1,016.

    06 September 2017 13:33
  • Irgens Ready to Build 350 KSF Milwaukee Office Tower

    The developer acquired the BMO Harris Bank building and plans to develop a new 25-story BMO Harris Financial Center—where the bank will serve as anchor tenant—on an adjoining parking lot.

    04 August 2017 11:33
  • TerraCap Adds New Director of Asset Management

    Matt Stewart brings 23 years of experience in the commercial real estate industry to his new role overseeing the company’s portfolio of office and multifamily assets in Georgia.

    18 September 2017 20:13
  • One Lincoln Center Lands $21M in Financing

    Meridian Capital Group secured the acquisition and repositioning loan on behalf of Zamir Equities, which purchased the tallest office tower in Syracuse for $25.3 million.

    30 May 2017 14:08
  • Hines, Henderson Park Enter Hotel Market in Greece

    The joint venture paid $37 million to acquire Athens Ledra Hotel, an eight-story, 315-key property at 115 Syngrou Ave. in central Athens.

    20 June 2017 13:28
  • Greysteel Welcomes New Dallas Director

    Michael Carter has more than 30 years of experience negotiating transactions, starting companies and structuring deals, having worked for Allstate, NAI Global, The Weitzman Group, Marcus & Millichap, Regency Centers and CBRE.

    20 April 2017 15:12
  • Strong Fundamentals Fuel Heavy Development in DC

    Young professionals, drawn by the metro’s well-paying jobs, are pushing up demand for upscale communities in transit-oriented and live-work-play areas. However, a robust construction pipeline—the third largest in the country—is maintaining a modest rent increase, raising concerns of overbuilding.

    27 September 2017 13:24
  • Revitalized Manhattan Office Tower Lands New Tenant

    Healthcare organization Hospital for Special Surgery inked a 98,600-square-foot lease at 777 Third Ave., in Midtown Manhattan. The property is owned by a joint venture between the William Kaufman Org. and The Travelers Cos. Inc.

    01 August 2017 17:36
  • Economy Watch: Construction Employment, Costs Pushing Upward

    The March construction unemployment rate was the lowest on record, matching the 8.4 percent rate in March 2001, according to Markstein Advisors Chief Economist Bernard Markstein, who conducted the analysis for Associated Builders and Contractors.

    04 May 2017 13:28
  • doTerra Expands Corporate Campus in Utah

    The essential oils company continues its growth in Pleasant Grove with a new office building, a medical clinic and an expanded manufacturing facility. Plans also call for the creation of 950 jobs over the next three years.

    25 August 2017 10:31