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September 28, 2021

This Week's N.Y. Deal Sheet

[In-Person] Mount Sinai Health System Head of Real Estate Tom Ahn discusses why tenants are choosing Queens Oct. 27

As fall rolled in this week, so did the deals with big leases, sales and financing including the purchase of three large development sites, all of which are set to become either workforce or affordable housing. 

TOP SALES

This Week's N.Y. Deal Sheet

Grubb Properties dropped a total of $200M to purchase its first two New York City properties over the past week, both of which are set to become workforce housing. In the first deal, Grubb paid Astoria-based Estia Realty $63M for 25-01 Queens Plaza North, a 54K SF development…

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Top Stories on Bisnow.com

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Cushman & Wakefield Predicts Mass Return To Offices In Q1 Cushman & Wakefield Predicts Mass Return To Offices In Q1
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The Georgetown Co. Looking To Spend $1B On U.S. Hotels

The Georgetown Co. Looking To Spend $1B On U.S. Hotels

Private real estate firm The Georgetown Co. is betting beaucoup bucks that travel will eventually come roaring back, creating a new platform to direct $1B toward investing in upscale and luxury hospitality properties across the country.The New York City-based firm is joining with hotel management and…

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Inclusive Development Expands Beyond Affordable Housing

Last year, the nation was forced to confront the realities of racial injustice and social inequality after protests erupted across the country. And like many industries, when the real estate development community examined its own record, it was clear it fell short in many ways.

Inclusive Development Expands Beyond Affordable Housing

Increasingly, inclusive development — one that is respectful of communities’ needs and the lives of the residents who already live there — is becoming a priority for industry decision-makers.“People think that if you don’t work in affordable housing, you don’t have a role to play in advancing social equity.…

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In Case You Missed It...

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