Commercial mortgage debt outstanding reached a new record in the fourth quarter, according to the Mortgage Bankers Association. Industrial rents could rise by as much as 30 percent in some top markets, according to Cushman & Wakefield. These are...
The current renewal rate at Equity Residential’s NYC buildings is around 60 percent, down five percentage points from the beginning of the year.
The program, known as Chapter 313, provides property tax breaks for as long as 10 years in exchange for business investments.
Investors have committed nearly $1 billion in equity to Quinn Residences as it amasses its portfolio.