Posted on 5/18/20

Mack-Cali Sends Letter to Shareholders

Posted on 5/18/20

WeWork's Valuation Drops to $2.9B

SoftBank (OTCPK:SFTBF,OTCPK:SFTBY) valued WeWork (WE) at $2.9B as of March 31, based on a discounted cash

Posted on 5/17/20

Power REIT Acquires Greenhouse Property

Old Bethpage, New York, May 15, 2020 (GLOBE NEWSWIRE) -- Power REIT (NYSE-AMEX: PW) today announced that it acquired a 3 acre property in York County, . . .

Posted on 5/17/20

Greystone Closes $65M Freddie Mac Loan for The Lions Group’s Newly-Built Multifamily Project in Long Island City, Queens

NEW YORK, (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory firm, today announced it has provided a $65,000,000 Freddie Mac loan . . .

Posted on 5/15/20

JLL Selected by BRP Companies to Arrange Joint Venture Equity for $286M Archer Towers Project

Firm to arrange equity financing for mixed-income residential development at 163-05 Archer Avenue in Jamaica, Queens, NY; project located in opportunity zoneJLL Capital Markets was selected . . .

Posted on 5/15/20

Marcus & Millichap Facilitates Financing of Providence-Area Citizens Bank

Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has announced the closing of 275 Newport Avenue, . . .

Posted on 5/15/20

CoreNet NYC Discusses Impact Of Augmented Reality On The Real Estate Industry At CoreNet Plugged In Event

CoreNet Global NYC (CoreNet) hosted a virtual webinar, CoreNet Plugged In: Impacts of Augmented Reality on Real Estate, on April 29. Featuring Layer Group Partner Neil . . .

Posted on 5/14/20

Kennedy Funding Closes $2.633M Land Loan for Residential Development in Brazil

Securing funding for international projects is already difficult for borrowers, but bring an ongoing global pandemic and a challenging geopolitical situation into the mix, and the . . .

Posted on 5/14/20

Wedgewood Pharmacy to Acquire 503B Outsourcing Facility

SWEDESBORO, N.J.--(BUSINESS WIRE)--Wedgewood Pharmacy has reached a definitive agreement to purchase the San Jose, California-based assets of Leiters Enterprises. These assets comprise the equipment and facilities . . .

Posted on 5/14/20

Greystone Provides $30.8M to Refinance Two Multifamily Sites in Queens

Greystone, a leading national commercial real estate lending, investment, and advisory company, has provided $30,865,000 in Fannie Mae Delegated Underwriting and Servicing (DUS®) loans to refinance . . .

Posted on 5/14/20

Construction Starts Show Sharp Contraction in April

HAMILTON, N.J.--(BUSINESS WIRE)--Total construction starts declined 25% from March to April to a seasonally adjusted annual rate of $572.2 billion as COVID-19 and economic recession hit . . .

Posted on 5/13/20

Avison Young Hosts “Evaluating the New Normal for Commercial Real Estate" Webinar

James Nelson, head of Avison Young’s Tri-State Investment Sales, along with global director of research Nick Axford and NYC head of project management Kirsten Beck, analyze the . . .

Posted on 5/13/20

Prime Downtown White Plains Building Sold, Financed by Marcus & Millichap

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales

Posted on 5/14/20

Houlihan Lawrence Announces Custom Residential Community At Dublin Hill In Greenwich

New Luxury Connecticut Development Features Limited Collection Of Custom Residences Each Designed By Top Local ArchitectsHoulihan Lawrence, the leading real estate brokerage serving New York City’s . . .

Posted on 5/12/20

Northspyre Raises $7.5 Million Series A

NEW YORK--(BUSINESS WIRE)--Northspyre, a cloud-based intelligence platform for real estate owners, developers and project management firms, today announced that it raised $7.5 million in Series A . . .

Posted on 5/12/20

Hunt Real Estate Capital Provides a $71.3M Freddie Mac Loan

Hunt Real Estate Capital announced today that it has provided a $71.3 million Freddie Mac conventional loan via the pre-stabilization program to refinance a multifamily property . . .

Posted on 5/12/20

Green Courte Acquires Portfolio of Four Land-Lease Communities

Green Courte Partners, LLC announced today that its fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates, acquired a portfolio of four all-age . . .

Posted on 5/11/20

Melody Investment Advisors Acquires Wireless Towers from Uniti

Melody Investment Advisors, an alternative asset manager focused on communications infrastructure, today announced the acquisition of 90% of Uniti Towers, the wireless tower business of real . . .

Posted on 5/11/20

STAG Industrial Promotes Mike Chase To Chief Investment Officer

STAG Industrial, Inc. (NYSE: STAG) announced today that Michael C. Chase, Senior Vice President of Acquisitions, is being promoted to the additional role of Chief Investment Officer. . . .

Posted on 5/11/20

RICS U.S. Construction and Infrastructure Market Surveys, Q12020

Most sectors see workloads decline in Q1.Twelve-month expectations scaled back significantly with profit margins and headcounts falling.Financial constraints and skill shortages are still key impediments across . . .

Posted on 5/11/20

WCRE Represents GenOn REMA in the Sale of their 88.50 Acre Property

WCRE is proud to have represented GenOn REMA, LLC in the sale of their 88.50 acre property located at 2525 Applebutter Road, Lower Saucon Township, Northampton . . .

Posted on 5/11/20

Announcing Alpha’aTV - Conversations in Art and Real Estate

PropTech fine arts firm launches weekly artist interviews and special programming platform to further connect the art world to real estate Alpha’a, the B2B, crowd-sourced and . . .

Posted on 5/10/20

Exclusive Hampton Stays in a Covid-Conscious Era

As East End hotels prepare to welcome summer guests in the midst of the Covid-19 pandemic, the new must-have amenities will include face masks made from . . .

Posted on 5/9/20

Greystone Real Estate Advisors Sources $26.2M Financing for Multifamily Property in New Hudson, Michigan

NEW YORK,  (GLOBE NEWSWIRE) -- Greystone Real Estate Advisors announced it has sourced the financing of a 240-unit multifamily property in New Hudson, MI, and Greystone . . .

Posted on 5/8/20

Rayonier Completes Acquisition of Pope Resources

Rayonier Inc. (NYSE:RYN) today announced the completion of its previously announced acquisition of Pope Resources