Legion Investment Group Buys Upper East Side Development Site for $30M
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Legion Investment Group has acquired an Upper East Side development site near the corner of Third Avenue and East 84th Street. The Victor Sigoura -led firm bought the property at 1497 Third Avenue for $12.5 million fr…
External link. Real Estate Trail does not republish source content.
More from the wire
Alston & Bird Renews Longtime Lease Atop Landmark Atlanta Office Tower
Best Version Media Names Chris Laurence Next CEO; Kevin O'Brien Transitions to CRO
Leadership investment strengthens companywide execution and sharpens focus on Publisher success and revenue growth BROOKFIELD, Wis., Oct. 23, 2026 /PRNewswire/ -- Best Version Media (BVM), a local media and marketing…
Brighton Multifamily Draws Record Pool of Potential Buyers
Marcus & Millichap closed the sale of 15 Euston Rd., a 24-unit multifamily property in Boston’s Brighton neighborhood. The asset sold for $8,875,000. “Brighton is one of the lowest transactional submarkets in th…
Housing leaders weigh in on Trump’s scaled-back EO
Analysts see the moves as largely benign for mortgage and title insurers
Investor Acquires Lowe’s Ground Lease in Kent
Northmarq closed the sale of a 10.62-acre Lowe’s ground lease located at 24050 Pacific Hwy S. in Kent, Washington. Northmarq represented the seller, with the firm’s Pacific Northwest Investment Sales team, led b…
NY City Council Passes Bill Giving Nonprofits First Dibs on Distressed Apartment Properties
The New York City Council on Thursday passed the Community Option to Purchase Act (COPA), which gives nonprofit groups a 90-day window to potentially acquire distressed apartment buildings after they’re put up f…