Tri-State
Hartz buys Newark Airport hotel for $34M, plans demolition
Hartz Mountain Industries just acquired a Newark Liberty International Airport hotel, but has no plans to add the structure...
Industrial Real Estate
The Latest
Tri-State
Silverman grabs Sherwood industrial portfolio for $76M
Jeffrey Katz’s Sherwood Equities is cashing in a piece of the hot industrial market on Long Island, selling a...
National
Zell-backed SPAC fizzles
The deflated SPAC market has claimed another victim. The Sam Zell-backed Equity Distribution Acquisition Corp. will close up shop next month after failing to find a merger deal, Bloomberg reported. The special purpose acquisition...
National
Hiring by hotels, bars and restaurants behind big July jobs gain
Robust hiring at hotels, restaurants and bars, as well as in construction and health care, powered an unexpectedly strong...
CBRE arm scores $106M refi for Amazon-operated warehouses
If having Amazon as a tenant is money in the bank, CBRE Investment Management has made a withdrawal. The...
Tri-State
Tri-state deals: NJ industrial portfolio sale, multifamily deal in Westchester
MT Freehold BPD acquired a six-building industrial portfolio in Freehold, New Jersey, for $15.2 million, Real Estate Weekly reported....
Andrew Chung’s Innovo plans ambitious warehouse in Sunnyside
Andrew Chung’s Innovo Property Group has its sights set on building another multi-level warehouse in Queens. The real estate...
Andrew Chung lands major refi for LIC last-mile project
After his fiasco with the HSBC tower, Andrew Chung needed some good news. And he got it. Chung’s Innovo...
“Wile E. Coyote moment”: Apartment deals at risk as interest rates spike
The commercial real estate market is singing a sad tune as rising rates drive investors loony. Commercial transactions are...
Tri-State
Foodmaker ups footprint by 200K sf at former Entenmann’s factory
One company is betting on the popularity of its dumplings in the face of rising interest rates and recession...