Development

Transwestern has responded to a need for efficient and cost-effective living in Austin, demonstrated by the success of its first micro-unit project, the Indie, followed by Block 36 near the Sixth Street district.

San Diego removed parking minimums earlier this year for apartment projects near transit, but a lack of parking could be a problem for lenders.

Blue Cross Blue Shield is repurposing the shuttered nearly 130,000-square-foot Marshfield Plaza Target store that closed earlier this year.

Specifically, Senators Booker and Menendez asked Chao to explain why the Environmental Impact Statement for the Hudson River tunnel project has not been approved by DOT as yet, even though a draft EIS prepared by the Federal Railroad Administration and New Jersey Transit was published in June 2017.

The asking rental rate rose $0.56-per-square-foot to an average of $39.75-per-square-foot from the second quarter. In the past year, MMG Equity notes that the average asking rental rate has risen $4.21-per-square-foot from the $35.54-per-square-foot registered in the third quarter of last year.

The developer is expanding its 75-plus for-sale and for-rent platform for active adults in Colorado.

Pre-construction is growing in popularity, but for affordable housing projects where the budget is tight, it is essential.

Midtown is sandwiched between the two largest employment centers, downtown and the Medical Center, and is the third most densely populated square mile and one of the fastest-growing areas.