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Long-Term Credit Leased NYC Office and Retail Building for Sale

Wednesday, July 12, 2017
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Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale 260 East 161st Street, a 276,622-square-foot, recently renovated and stabilized mixed-use office and retail building centrally located along East 161st Street in New York City. The property is proximate to major employment drivers and area amenities, including Yankee Stadium, the Bronx County Court system and local and regional transportation networks, including the New York City Subway (4, B and D lines), Metro-North Railroad (Melrose Station) and the George Washington Bridge. Completed in 1930 and renovated most... [Read More]


Flying Cars: The Future or Fantasy?

Wednesday, July 12, 2017
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While some companies are focusing on autonomous cars, other innovators are embracing an even more futuristic vision and are working on developing vertical take-off and landing (VTOL) air vehicles, or flying cars. Companies like Uber, also a self-driving vehicle pioneer; Airbus; startups and more are racing to be the first to get through the myriad of design and regulatory hurdles to take the pain out of big-city commuting. The term “flying car” is a misnomer; these commercial personal aircrafts, depending on the developer, are more analogous... [Read More]


All-Suite Residence Inn Hotel for Sale in Portland, Maine

Monday, July 10, 2017
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Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Residence Inn Portland Downtown/Waterfront, a 179-suite hotel in Portland, Maine, proximate to the city’s leisure and corporate lodging demand drivers and within walking distance of award-winning restaurants, art galleries and retail shops. A new owner will benefit from the industry-leading Residence Inn brand affiliation, minimal required capital expenditures, continued market growth and strong in-place cash flow with upside following recent renovations. Completed in 2009, the hotel for sale features 179 suites with fully-equipped kitchens, ... [Read More]


Fully Leased Mixed-Use Building in Williamsburg for Sale

Monday, July 10, 2017
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Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has been named to market for sale 120 North 6th Street, a 7,500-square-foot, fully leased mixed-use retail and office building located in Williamsburg, Brooklyn. HFF is marketing the property exclusively on behalf of the seller, a joint venture between ASB Capital Management and L3 Capital. 120 North 6th Street is 100 percent leased to high-end fragrance retailer Le Labo, a subsidiary of The Estée Lauder Companies Inc. (S&P: A+), which recently commenced a 10-year initial lease term at the property to serve as its U.S.... [Read More]


HFF Analysis of the June 2017 BLS Employment Report

Friday, July 07, 2017
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HFF is pleased to report on the latest employment expansion statistics from June 2017. Our research team analyzes trends and data to give readers a better view into the current state of the economy and how employment is being affected. Employment Expansion U.S. jobs picked up in June as nonfarm payrolls rose a higher than expected 222,000 and job gains in the prior two months were revised up a net 47,000. This was the biggest jump in payrolls in four months. In June, job gains were strongest for health care, financial services, mining, professional business services and government. The Unemployment Rate ticked up to 4.4 percent from 4.3 percent the prior month since more people joined the workforce. It is important to note that this month’s data could also reflect a new graduating class and the summer’s seasonal workers joining the labor force.... [Read More]




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