New York City Council

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  • Midtown East Rezoning: Not for the Faint-Hearted

    The new plans approved by the New York City Council allow the construction of modern office space, reduce challenges for redevelopments and aim at upgrading the area’s transit and pedestrian infrastructure. Still, experts say only sophisticated developers will be able to take advantage of the approved regulations.

    New York 17 August 2017 14:38
  • Manhattan’s South Street Seaport Redev Breaks Ground

    Redevelopment of Pier 17 at Manhattan’s South Street Seaport into an upscale retail, entertainment and dining venue topped by a one and a half-acre rooftop offering city and harbor views began Thursday with a groundbreaking ceremony.

    New York 17 October 2013 19:32

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    24 August 2017 14:17
  • JV Sells 175 KSF Portland Asset

    A real estate fund managed by Credit Suisse Asset Management acquired the former Oregonian Building in Portland, Ore. The previous owners recently renovated and restored the facility as part of a multi-million dollar program.

    17 August 2017 14:19
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    Legislation revising the RAISE Act is set to significantly impact commercial real estate and corporate occupancy, both of which heavily rely on the changing dynamics of the labor market.

    22 September 2017 16:20
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    Complete Care, Universal Protection Services and Michelson Foundation leased more than 22,000 square feet at 3000 South Robertson in Culver City, Calif. The four-story office building recently underwent a $5 million renovation.

    03 October 2017 16:18
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    19 June 2017 13:17
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    A private investor sold the 32,000-square-foot office building in Dallas to a limited liability company. Cody Payne and Wayne Bares of Marcus & Millichap represented the seller and secured the buyer.

    17 October 2017 12:29
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    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
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    11 October 2017 14:37
  • The Case for Lower Interest Rates

    Reduced growth expectations and a potential stock market correction could mean interest rates might not rise as much as previously thought, notes Avison Young Principal Jay Maddox. Lower rates combined with strong demand fundamentals and capital availability could bode well for commercial real estate values.

    19 April 2017 17:46
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    The total delinquent balance fell for multifamily ($-38m, $484.1m), lodging (-$134m, $1.2b), office (-$122m, total $5.3b), industrial (-$59m, $1b), and rose for retail ($61m, $5.6b).

    30 August 2017 18:51