Growing numbers of even long-time New York City-based companies are joining this one to find similar equally attractive conditions in South Florida (and better weather too).
The four-story, 68,500 square-foot property is the largest facility for University Medicine, which operates nine other clinics throughout Rhode Island.
Commercial real estate owners are learning the lessons of Hurricane Florence include preparation as their best defense, while other factors help in the aftermath.
Preservation Partners added the 100% leased Headen House (136 units) and Huntington (204 units) Section 8 communities in St. Charles, MD to its portfolio.
A joint venture of Norwalk, CT-based Fuller Development and Spinnaker Real Estate Partners sold the 183-unit market rate apartment property to Friedkin, according to brokerage firm CBRE.
Institutional organizations, in particular, are increasingly investing in the Seattle area as the demand for last mile and centrally located properties pushes rents to record levels, such as the recently sold 3002 Lind Ave. SW.
It is almost assured that Proposition 10 will pass, and the state of California will become a free for all with different, complex and in many jurisdictions, nonsensical rent control policies. The biggest risk for apartment owners and developers is risk of the unknown.
“It isn’t enough to have a good job anymore; people want a great life,” said John Kilroy at Allen Matkins annual View From the Top conference, where he talked about how his firm is disrupting the office market.
The single user trend is likely to continue as McClellan Park breaks ground on McClellan Distribution Center to fill a void in the market for high clear-height buildings that can service e-commerce tenants.
The request proposes a walkable, mixed-use development that will include a mix of 900 condominiums, 500,000 square feet of new office space, 12,000 square feet of retail and nearly three acres of green space.
According to Austin’s Strategic Housing Blueprint, the city will need 60,000 new housing units for low-income families, plus another 75,000 market-rate units to meet its housing needs in the next decade.
The global valuation and corporate finance consultant goes from subletter to tenant expanding by almost 30,000 square feet at the Plaza District tower.
A 12-property 455-unit multifamily portfolio with 13 ground-floor retail suites just received $113.5 million via a six-year (including extension options) floating-rate loan through an affiliate of Walton Street Capital.
Orion Resource Partners, an alternative investment management firm, will relocate to 7 Bryant Park from 1211 Ave. of the Americas and will occupy the entire 25th floor of the building, totaling14,143 square feet.
It is almost assured that Proposition 10 will pass, and the state of California will become a free for all with different, complex and in many jurisdictions, nonsensical rent control policies. The biggest risk for apartment owners and developers is risk of the unknown.
Damages from Florence are still too early to assess but indications are that it will less impact on commercial real estate than some previous hurricanes.
“We believe Azure on the Park is a best-in-class asset with a best-in-market location,” says Glen Weisberg, executive vice president, portfolio management at ARA.
AEX required a facility with solid connections to the highway network in Northern New Jersey and Linden met that requirement, according to Jordan Metz of Bussel Realty.
Tishman was selected as this year’s Helmsley award honoree, which is presented to an industry member for “their invaluable contributions to New York’s civic welfare and the real estate community.”
The South Tacoma industrial market is recording strong demand growth, fueled by a large labor pool and a lack of available product, which is why Bridge Point Lacey represents a rare opportunity for distribution space.
SVN’s Getty says worsening traffic conditions are accelerating the values of in-fill parcels as developers appear willing to offer higher prices to acquire land closer to high-tech employers and transit corridors.
Finnegan, a CPA, provides clients with sophisticated real estate-based financial advice focused on financial-statement enhancement, tax mitigation and efficient application of clients’ capital.
L Brands announced that all 23 Henri Bendel stores across the country including the flagship location at 712 Fifth Ave. in New York City will be closing.
Independent Bank Group’s headquarters will be enclosed with View Dynamic Glass, providing workers with unobstructed views and optimized natural daylight, which promote a more productive environment.
Housing Trust Group is breaking leasing records with its new $63 million apartment development Aviva in Phoenix, illustrating a pent-up demand for urban-style living in the market.
“When a shopper gets into the car, they need to think of our shopping center first.” That’s a strategy worked best at Federal Realty by a close union of asset and property managers, says Federal’s Bryan Furze.
The 1,500-room hotel and convention center located less than 10 minutes from the Denver International Airport and 25 minutes from downtown Denver is expected to begin operations in the fourth quarter of this year.
Properties such as The James have recorded near double digit year-over-year rent growth due to the large disparity between rents in downtown and suburbs as renters desire higher-quality units near jobs.
The apartment supply in Glendale has grown 10% in the last few years, but even as the biggest project yet, Next on Lex, is delivering, absorption and rents remain strong.
The historic St. Denis hotel will be demolished for ground-up construction, showing how certain developments can face community preservationists' resistance.
Throughout Napa/Solano, the available inventory is mainly older industrial buildings that do not meet e-commerce tenant demand such as clear heights of more than 30 feet, but Dermody’s center will be 36 feet.
Construction in general is booming in Allen, as it is across North Texas, with numerous residential, retail and office projects underway in Allen and Collin County, including the Collin College Technical Campus.
McCarthy Cook recently acquired Dropbox-anchored Castro Station, a three-building class-A office campus totaling 114,809 square feet in downtown for $179.7 million or $1,565 per square foot.
Apartment rent growth has tempered in Los Angeles, but older apartment buildings are seeing strong rent growth as demand for luxury properties softens.
In its report on the three boroughs for the month of August, the brokerage firm says that concessions remain a key part of leasing strategy in Manhattan and Brooklyn and to a lesser degree in Queens.
The new tenant representation team also includes tenant advisors Ted Lacy, Tyler Roeller and Josh Evans. Together, they bring more than 40 years of experience, working with retailers like Ace Hardware, Wendy's and The Little Gym International across the US.
Separately it has been reported that Corporate Office Properties Trust is under contract to acquire 78 acres in Sterling with plans to develop multiple data centers for Amazon Web Services.
The seller, a Wharton equity company, acquired the property in early 2017 in an off-market transaction from the original developer and thereafter undertook significant renovations at the property that produced dividends.
The recently completed property was acquired by Hudson Capital Properties, a New York-based company headed by the family that runs Hudson Media, the leading magazine distributor in the Northeastern U.S., as well as the nation's largest airport news and concessionaire.
The property, located at 2900 Connecticut Ave., NW in Washington’s historic Woodley Park neighborhood, achieved occupancy stabilization in just eight months after the initial lease-up period.
The projected construction cost of the project is $75 million. The operating costs of the facility for the first 10 years (2019-2029) is estimated at $184.8 million.
"According to data by Climate Central, a quarter of Boston could be underwater by 2045. Additionally, catastrophic flooding in New York City may become more common over the next few decades, as pointed out in a 2017 study by Rutgers."
Since 2013, improving economic conditions in the housing market area have led to increased net in-migration, averaging 24,800 people annually, and the Beaverton-Hillsboro submarket comprises 28% of the total.
Student housing is generally more resilient than multifamily in a downturn, and the current tight supply of student housing in Los Angeles is putting upward pressure on rents.
The tax reform act has been largely incorporated into the IRS code though some provisions still face interpretation and fine tuning, says Chris Paris, partner, Moss Adams, in this EXCLUSIVE.
The Apartment Association of Greater L.A., which has been actively campaigning against Prop 10, says that a hidden detail will place litigation costs on taxpayers.
With a slowdown in apartment deliveries during the last year as part of the recovery from Hurricane Harvey, average occupancy rate elevated amid sustained rental demand as of the second quarter.
Traditional leases alone aren’t enough to serve today’s corporate occupiers, say the folks of CBRE. Agility in its approach to space serves the tenant (and their employees) best--which means it serves the landlord as well.
The $800-million will be spent over the next seven years to expand its laboratory space, manufacturing capacity and warehouse facilities at the company's Rensselaer County campus.
JPMorgan Chase issued a request for proposals today for cities to apply for possible funding that closes on Nov. 30, 2018. Winners will be announced in the spring of 2019.
In the first half of the year, Skanska purchased a 77,000 square-foot land parcel at the corner of 108th Avenue NE and NE 8th Street in downtown Bellevue with plans to develop a class-A office property.
A new mortgage company Max Benjamin Partners is promising to disrupt the “archaic” commercial lending market, bringing technology and a new model to the market.
Hospitals and medical providers seek to place offices in neighborhoods and suburban areas, closer to where people live and work, in order to reduce costs and appeal to patients seeking medical care.
Despite the so-called death of retail, which includes this year’s bankruptcy of Toys R Us and Sears closing three North Texas stores for a total of 1 million square feet, DFW’s retail fundamentals are strong.
These 4 key considerations will help you better diagnose a CRE borrower’s financing request and determine the correct bridge loan solution for your client.
Due diligence can be a daunting requirement to navigate in CRE transactions. Learn about the different Property Condition Assessment types, including those tailored to support acquisitions.
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