PacVentures has been a Brownsville submarket owner for many years, steadily increasing its presence with the recent acquisition of vacant land next to the NAFTA Business Park and a 10-building industrial portfolio.

DFW ranked in the top five for US population growth in 2017 and the metro area has a significantly higher percentage of its population in the 25 to 44 age cohort, a prime home buying demographic.

Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.

Unlike other economic development programs, the incentive is not limited to real estate investments, rather businesses that intend to deploy capital and operate in Opportunity Zones can benefit from this incentive.

Millennials prefer living in locations close to restaurants and entertainment rather than having large kitchens or living rooms for entertaining, and also make living choices motivated by price.

Sawlog prices fell on all continents except for North America, where prices in the second quarter 2018 were 3% higher than the previous quarter and up 13.5% from the second quarter 2017.

The redevelopment will transform the CPMC campus from a large-scale hospital to a single family and multifamily project by Robert A.M. Stern Architects, known for designing contextually appropriate residential buildings.

The intent is to increase the overall size of the multifamily portfolio during the next several years through strategic buildout of its robust development pipeline alongside opportunistic acquisitions.