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While the supply of flex workspace centers in Texas grew 12% from 2017 to 2018, more than the national average, the flex cost-per-desk decreased in Austin and Dallas in the first half of 2018.
According to Maria Gonzalez of HACE, a community development corporation focused on the Latinx communities, immigrants, millennials and baby boomers have enhanced the city's diversity with their rising interest in urban living.
Majestic Realty Co. continues to expand its footprint in the Portland region including speculative developments, build-to-suit opportunities, lease ups and new land acquisitions.
At a sale price of $227 million, this asset appreciated to nearly 10% of the portfolio, closing at more than two times the acquisition cost at near record pricing for the San Francisco market.
With those economic conditions in mind, Granite Properties acquired Eldridge Place, an 824,632-square-foot three-building class-A office complex in the Energy Corridor of West Houston for $78.4 million.
The substantial improvement definition could be one based on total cost expenditures or something based on the strict definition of what could must be capitalized.
The joint venture ownership is between CIGNA Investment Management and the Muller Company, which recently acquired the 103,622-square-foot six-story Century Plaza at a purchase price of $63.4 million.
The Place at Houston Street is a class-B garden-style apartment asset which was acquired by Westmount Realty Capital, a transaction due in part to San Antonio's below-average unemployment rate.
In a rare move, the judge threw out all of San Francisco Waterfront Partners' breach of contract claims for 8 Washington, essentially deciding phase two in favor of Golden Gateway without sending it to the jury.