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New York University has acquired 3 MetroTech Center, a 10-story Class A office building in Downtown Brooklyn, from JPMorgan for $122M.
The building, part of the 16-acre, 5M SF MetroTech Center office park and educational hub, is next door to NYU’s Tandon School of Engineering at 5 MetroTech Center. JPMorgan vacated 3 MetroTech Center in 2020.
Cooling Single-Family Housing Market 'Detrimental' to Apartment Industry
STORE Capital Taken Private in $14B Deal
Gen X Is Using Self-Storage the Most As Sector Booms
Summers: Recession in 2023, CRE in Good Shape to Sail Through It
Expect Another 75bp Fed Rate Hike (at Least), Thanks to Inflation
The team will be led by New York real estate veteran David E. Ash, who will work to expand the firm’s capabilities across all asset classes.
But before getting excited, remember that the August number could be completely different in 30 days, and inflation isn’t taken into account.
Brooklyn, NY facility sells for $81.5M
The Business Case for an Intelligent Digital Backbone in Multi-tenanted Commercial Buildings
The commercial real estate industry is navigating changing dynamics with the rise of hybrid working environments and greater demand for digitally-enabled buildings and spaces. But delivering on this demand brings increasing amounts of complexity. Download this eBook for key considerations when evaluating a digital infrastructure.
Sponsored by Placer Labs Inc.
Download this white paper to understand if and how COVID impacted domestic migration patterns on a state, city and zip code level; including how these patterns are affecting CRE stakeholders.
2022 Multifamily State of the Industry Report
There are three major trends converging to shape new renter dynamics: The Great Resignation, The Occupancy Fallacy, and The Renter Research Revolution. Download this report to explore these trends and learn how to thrive in this new era.
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