Investment sales slowed across asset classes in NYC, with more distress expected to show up later this year, Avison Young data shows.
Property values in NYC got a boost, thanks to the price of single-family homes, but low office occupancy is expected to drag on into 2023.
In 2022, there were $16.2B worth of investment sales across 315 sales in Manhattan.
Sales volume across all asset types fell to $194M in the first quarter, an 80% drop from the same period last year, according to a new report.
Emrgy, a hydroelectric energy startup, raised more than $18M to expand its operations and open its first production facility in Aurora, Colorado.
Macklowe Properties acquired the 1.25M SF property in 2014 from the Bank of New York.
Frederick County Executive Jessica Fitzwater will speak at Bisnow's mid-Atlantic event on June 21 about the D.C. region's evolving life sciences industry.
Headwinds persisted during Q3 for the world’s largest commercial real estate brokerage, which is now preparing to make cuts.
The week's top deals in metro Denver.
The tax breaks for the arena are eating into an increasingly tight city budget.
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