Buffalo
PUD Approves $400M Buffalo Affordable Housing Project
Habitat, a multifamily developer and property manager, has secured planned unit development approval for its $400 million Marine Drive Apartments… Read more
Extra Space, Life Storage to Combine in $12.7B Merger
Extra Space Storage Inc. and Life Storage, Inc. said Monday that the two companies had agreed to merge, with Extra Space acquiring Life… Read more
Self-Storage Demand and Outlook: Q&A with StorageCafe’s Mirela Mohan
According to a recently released report by StorageCafe, rates in the sector have been decreasing nationally, though some cities (like… Read more
Invenergy Establishes Manhattan Presence with Starrett Lehigh Lease
Invenergy, a privately held global developer, owner, and operator of sustainable energy solutions, has leased 7,187 square feet at RXR’s… Read more
Seismic Experts Join EBI Consulting in San Francisco
EBI Consulting, a company that maximizes value by finding management solutions for environmental, architecture, engineering and construction challenges, has hired… Read more
Buffalo Bills Set to Build Stadium as Public Funding Falls into Place
New York Gov. Kathy Hochul has reached a deal with the state legislative leadership for a state budget that includes… Read more
CMBS Special Servicing Rate Continues to Decline
The Trepp CMBS Special Servicing Rate fell 42 basis points in March to 5.66%. Six months ago, the Trepp special… Read more
Martin’s Famous Pastry Shoppe is Expanding in Texas
Martin’s Famous Pastry Shoppe Inc. is expanding distribution in Texas and preparing for its busy summer bun season. Martin’s distribution… Read more
Douglas Development Sells Two DC Hotels for Combined $152M
Douglas Development has closed on the sale of two hotels in Washington, DC to Dauntless Capital Partners for a combined… Read more
PEBB, Banyan JV Bags $27M Financing for Boynton Beach Development
Boca Raton-based PEBB Enterprises and JV partner Banyan Development secured a $26.95 million construction loan for the development of Mainstreet… Read more
NE Portfolio Deal Puts Morgan Properties Among Top 5 Apt. Owners
Morgan Properties completed a portfolio transaction to acquire nearly 15,000 apartments across 80 communities, and has agreed to acquire 3,000… Read more
365 Adds NJ Data Center to Portfolio
365 Data Centers, based in Norwalk, CT, added an 11th data center to its portfolio with the acquisition of NYI-NJ in Bridgewater,… Read more
Essex Realty Adds Associates to Investment Sales Team
Essex Realty Group has hired two new associates, Ben Bakula and Jonathan Weissman. They’re joining the firm at a time of… Read more
Where are Best Places to Get a Summer Job?
This summer’s job market is likely going to be challenged by the tight U.S. labor market. The national unemployment rate… Read more
Saban Sells 14-Office Portfolio for $430M, Adds DC Asset for $170M
An affiliate of Los Angeles-based Saban Real Estate reportedly completed the sale of a 14-property office portfolio to Washington, D.C.-based… Read more
Sinatra, L5 Investments JV Nabs 740-Unit MF in South Bend
A joint venture led by Buffalo, NY-based Sinatra & Company Real Estate and El Dorado Hills, CA-based L5 Investments, along… Read more
Easterly Adds Nearly 1.5M SF in $430M U.S. Government-Leased Portfolio Buy
Easterly Government Properties, Inc. acquired a nearly 1.5-million-square-foot portfolio of 14 properties from affiliates of an unnamed independent third party… Read more
Six Flags Expands Portfolio by Five
Six Flags Entertainment Corp. entered into a purchase agreement with Premier Parks LLC to acquire the lease rights to operate… Read more
Wanted: Self-Storage in the Wake of Hurricanes
Hurricanes Harvey and Irma struck Texas and Florida respectively, leaving behind damage, flooding and other issues. The storms also left… Read more