Rochester ducks rent stabilization as survey shows 9% vacancy
Rochester landlords are breathing a sigh of relief as a survey ruled out the immediate possibility of rent stabilization....
Commercial Real Estate
The Latest
National
Real estate powers Blackstone’s best quarter ever
Blackstone reported a blockbuster third-quarter this week — the best in its 36-year history. Earnings more than doubled year-over-year...
Terreno Realty pays $44M for NJ industrial site
Terreno Realty Corp. paid $44 million for an industrial building in Elizabeth, New Jersey, in the latest move notched...
Riverhead officials impose moratorium on solar energy projects
Riverhead officials have voted to adopt a yearlong moratorium on commercial solar energy applications. After complaints from some residents,...
National
Trump Organization facing criminal probe over Westchester golf course
The Trump Organization is reportedly facing another investigation, this time into dealings at the Trump National Golf Club Westchester...
Pandemic forces mom-and-pop landlord to sell out
Many multifamily landlords pursue a “buy and hold forever” strategy. But the pandemic has made that untenable for many...
New York
Cushman acquires 40% stake in Greystone lending business for $500M
Cushman & Wakefield is expanding its offerings in a hot rental market, adding lending and loan services to its...
New York
Ira Zlotowitz leaving Eastern Union to start new company
Ira Zlotowitz is leaving Eastern Union to start a company that he hopes will shake up the world of...
National
VTS to buy office-app developer for $200M
Proptech unicorn VTS remains committed to the revival of office life, set to make another big acquisition in the office app space. The New York-based software and data firm is set to acquire Toronto-based...
National
Hudson’s Bay Company restructures $846M CMBS loan
Hudson’s Bay Company successfully restructured a massive CMBS loan, reportedly ending an 18-month saga that included accusations of undermining...
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