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"Infill product close to New York City has become more expensive to lease and difficult to acquire as a result of limited supply and voracious tenant demand," says Christopher M. Bellapianta of Camber Real Estate Partners.
WeWork is setting up shop in five full floors totaling 12,000 square feet in a long-term lease valued at more than $10 million in the 110-year-old 50,000-square-foot office tower in Union Square.
The city is working with Sea Oats Group to flesh out plans for the project which call for the hotel-conference center to be part of a new subdivision Cinnamon Shore recently began developing on State Highway 361.
The availability of well-placed medical office space in Corpus Christi is limited, and Corpus Christi Medical Tower is strategically located to serve physicians and patients that may utilize multiple area hospitals.
Austin continues to evolve into a convergence market and MetLife Investment's partnership opportunity with Endeavor on The Quincy pulls together many of the JV's favorite traits about mixed-use developments.
San Francisco office tenant demand relative to available supply has reached its highest level since 1999, and tenant square footage has increased to 6.8 million square feet, equal to the level of existing supply.
The 10,000-square-foot lease from MedFirst Primary Care has stimulated substantial interest in Hunter Professional Plaza and leasing reps hope to build on the momentum started by MedFirst.
Activity has pushed farther north toward the eastern part of Montgomery County, prompting AIRIA Development to bring 5,200 homes with more than 120 acres of mixed-use, commercial and retail properties.