The firm sees the 1,300-unit property, known as Parker Towers, as an affordable option for renters seeking alternatives outside of Manhattan and in parts of Queens, such as Long Island City, where new construction and sky-high prices are rife.
Local governments are buying up dying malls, the Wall Street Journal reports. A new study has found that seniors are delaying downsizing, according to the Dallas Morning News. These are among today’s top must reads from around the commercial real estate industry.
