WCRE: Southern New Jersey Market Remains Strong
EVESHAM TOWNSHIP, NJ—Average rents for class A and B product continue to show strong support in the range of $10.00-$14.50 per square foot (triple net) or $20.00-$24.50 per square foot gross for the deals completed during the quarter. This is essentially unchanged from the previous two quarters.
LOS ANGELES—Demographic diversity is going to help keep our economy thriving, and the next generation is already taking the reigns, Hessam Nadji of Marcus & Millichap said in his keynote speech at RealShare Los Angeles.
CHICAGO—The National Council of Real Estate Investment Fiduciaries’ NCREIF Property Index has now registered four consecutive quarters of sub-1% appreciation.
NEW YORK CITY—He joins the firm after serving as president of US operations for Colliers International, and previously toiling at several other industry companies in senior level positions.
NEW YORK CITY—In an SEC filing on Wednesday, KKR Real Estate Finance Trust cites “strong demand” for commercial real estate debt capital domestically.