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Construction of 23 big box buildings totaling 10.2 million square feet was completed during 2018, with 16 projects totaling 6.9 million square feet built on a speculative basis.
In 2018, the market posted just over 4.6 million square feet of occupancy gains, the sixth consecutive year overall net absorption surpassed three million square feet.
Colliers International has been selected to market an industrial property with strong fundamentals near a NY Airport. They describe how they got this assignment and what choosy sellers look for in a buyer.
Tishman Speyer's two top-floor penthouse homes, each spanning a half floor on two separate stories, are the final remaining residences in Lumina's Folsom Street Tower.
While the energy sector slowdown of 2014/2015, and relocations by XTO to Houston and DR Horton to Arlington were headline stories, downtown has weathered the perceived storms, JLL observes.
The Alliance submarket remains a top industrial submarket and recent acquisitions bear that out, such as Transwestern Investment Group's recent acquisition of a 1.2 million-square-foot industrial property.
Investment properties here commands high prices commensurate with a well-established market and reliable long-term appreciation, as evidenced by one office property, The Harbors, currently for sale.
Panelists at ALM's GlobeSt.com Philadelphia conference last week say technologies like the "Internet of Things" are making building management and operation considerably more efficient.
The beach/Bayfront planned urban development is fully entitled with all necessary permits and approvals from the US Army Corps of Engineers, and benefits from special mixed-use zoning allowances.