Stranded Assets A Systemic Problem, But Also An Opportunity for New Jersey
TRENTON, NJ—Stranded assets, mostly abandoned or nearly vacant office or retail properties, are a systemic problem and a redevelopment opportunity for New Jersey, according to Sam Brookham, a planner with PlanSmart New Jersey, which conducted an all-day conference for developers, planners, and policymakers at the state’s underused War Memorial building here Tuesday.
NEW YORK CITY—The acquisition more than doubles Jonathan Rose Cos.’ unit count to more than 15,000 apartments across 15 states and the District of Columbia.
CHICAGO—Colliers expects that e-commerce will continue to drive the market for years to come, and may even be in its infancy.
SAN MARCOS, CA—Pure power-center plays in a secondary location can be more challenging from a financing perspective unless a borrower has a clear strategy for repositioning the tenant base, HFF’s John Chun tells GlobeSt.com.
IRVINE, CA—The decline in dollar volume for hotel sales in 2016 is not really that significant since we were coming off a record-breaking year in 2015 and the decrease was anticipated, Atlas’s Alan Reay tells GlobeSt.com.