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  • newNAI Legacy Closes on Apartments in MN O-Zone
    NAI Legacy recently closed on Birdtown Flats, a new luxury apartment building in Robbinsdale, MN, for a reported $42.75 million as part of its Opportunity Zone investment strategy. Considered to be among the first completed ground-up developments lo…
    - 8 hours ago 6 Apr 20, 7:05am -
  • newPrewar Elevator Building Trades in Astoria
    Marcus & Millichap finalized the sale of 31-65 29th St., a 48-unit multifamily building located in the Astoria section of Queens. The property, which the firm called a unique opportunity to acquire a prewar elevator building in the heart of Astoria,…
    - 8 hours ago 6 Apr 20, 7:05am -
  • newUber Pauses Buildout at Old Post Office Due to COVID-19
    Uber has halted construction on its 463,000-square-foot space at 601W Cos.’ Old Post Office redevelopment, the Chicago Tribune reported. It’s reportedly Chicago’s first big office buildout to be put on hold because of the coronavirus pandemic.…
    - 8 hours ago 6 Apr 20, 7:05am -
  • newDallas Architecture Firm HKS Maps Fast Conversion from Hotel to Hospital Use
    Dallas-based architecture firm HKS has identified how to convert hotels into hospitals within 10 days, the Dallas Business Journal reported. The firm’s blueprint has emerged as the COVID-19 pandemic continues to escalate in the U.S., and worries…
    - 8 hours ago 6 Apr 20, 7:04am -
  • new1,700 Businesses Answer NYCEDC Call for Emergency Medical Supplies
    The New York City Economic Development Corporation (NYCEDC) put out a call recently for businesses to turn out emergency medical supplies, and some 1,700 locally-based companies have already responded. NYCEDC’s ongoing enlistment of businesses to s…
    - 8 hours ago 6 Apr 20, 7:04am -
  • newIIP Acquires, Leases Up MA Warehouse for Cannabis Cultivation
    San Diego-based cannabis REIT Innovative Industrial Properties (IIP) closed on the $26.8-million acquisition of a 199,000-square-foot industrial property in Athol, MA. Concurrently, IIP entered into a long-term, triple-net lease agreement with a sub…
    - 8 hours ago 6 Apr 20, 7:03am -
  • newImperial Dade Leases North Bergen Offices
    Imperial Dade, a national distributor of facilities maintenance supplies and foodservice packaging, has signed a 28,756-square-foot, long-term office lease at West Side Center in North Bergen, NJ. Curtis Foster and Jerry Shifrin of Cushman & Wakefiel…
    - 8 hours ago 6 Apr 20, 7:03am -
  • newFedEx Facility in Schertz Sells in 1031 Deal
    Stan Johnson Company (SJC) completed the sale of 7012 FM 3009 in Schertz, TX. Fully leased to FedEx Freight, the 101,000-square-foot mission-critical facility traded for $25.7 million. The seller, a California-based private investor, was represented…
    - 8 hours ago 6 Apr 20, 7:03am -
  • newProactive Asset Management Techniques During COVID-19
    By Christina Martin and Shaun Comer, Edge Property Services Group Due to the COVID-19 crisis, buildings in all property classes are experiencing reduced usage or closures. With this drastic reduction in occupancy, landlords and owners should take pro…
    - 8 hours ago 6 Apr 20, 7:03am -
  • newMultifamily Builders Face Delays from COVID-19: NMHC
    Fifty-five percent of respondents to a National Multifamily Housing Council (NMHC) survey on multifamily construction said they’re experiencing delays due to COVID-19. Of those 55%, 76% are dealing with delays in permitting and 59% face delays in s…
    - 8 hours ago 6 Apr 20, 7:03am -
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