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Belvoir has a good sense for where leases are getting signed today, so it underwrote the purchase accordingly, and the increased leasing activity validated that its assumptions were in line with the market.
“As an industry, if certain core infrastructure is put in place, seniors housing will have a very bright and fulfilling future,” says Robb Chapin, Bridge Investment Group.
Brookfield Properties will break ground this summer on 5M, a four-acre mixed-use project in downtown, which will provide $76 million in public benefits to the SOMA neighborhood and the city.
Park Heritage vertical construction is planned to begin early next year, once the demolition is complete this year, and in a separate project, Beck Ventures is developing the other portions of Valley View Mall.
Two long-term leases have been inked recently by Honeywell and Bill.com at CityWestPlace, which has also been re-designated by BOMA as a top performer in national operations and management.
"No one should be lending for 30 years in most of Florida," warns Spencer Glendon, a senior fellow at the Woods Hole Research Center and a former partner and director of investment research at Wellington Management.
citizenM's selection process looks at the largest cities where culture and commerce intersect, allowing guests to not only walk to Moscone Center but just as easily the Orpheum or American Conservatory Theater.