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Because of the high barriers to ground-up construction, the Olive Hill Group is focusing investment dollars on redeveloping office and multifamily product.
“We continue to see a flood of investors exploring alternative industrial niches such as truck terminals, cold storage and flexier property types,” says HFF's Marc Duval.
Albert Picallo and Masato Inagaki, who co-founded Focal Point Capital Advisors in 2011, will join the new CBRE Loan Services entity as managing director and head of underwriting and director, underwriting respectively.
The report based on the State Comptroller's “Fiscal Stress Monitoring System,” found that the City of Yonkers moved into the “moderate fiscal stress” category, up from “susceptible to fiscal stress” designation a year ago.
The Pompano Beach, FL-based company purchased the more than 216,000-square-foot office center for approximately $150-a-square-foot from a joint venture of TriGate Capital, Equitable Real Estate Partners and Commercial Florida Realty Partners.