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Berkeley Investments acquired 44-46 Soldiers Field Road from The Ballas Group for $8.4M, and it plans to build over 100 multifamily units.
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Boston collected 22% of its tax revenue this fiscal year from office buildings, and experts worry that declining property values could hurt the city.
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The biggest leases, sales and loans this week in New York City.
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As SREIT tightens investor redemption limits, other nontraded REITs managed by investment giants like Blackstone, KKR and Brookfield face issues with liquidity.
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Leasing volume was up in Manhattan in May, boosted by large leases including Bloomberg's nearly 1M SF deal.
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Big Tech firms want bigger data centers than ever to support AI, but finding the energy to power them is standing in the way.
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Nontraded REITs such as BREIT, SREIT and Ares Industrial REIT saw monthly redemption requests shoot up an average of 65% in May.
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Read about the biggest deals in Chicago this year.
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The biggest leases, sales and financing deals in New York City this week.
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The biggest leases, sales and financing deals in New York City this week.
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