Development

While investors aren't shying away from new investment opportunities, there are still some major challenges for deals to pencil out including rising construction costs, but many are turning to creative strategies, say panelists at GlobeSt. APARTMENTS event here in Downtown Los Angeles.

The state is challenged in both development costs and barriers to development, creating a severe lack of housing and affordability.

Aperture Del Mar is a 16-acre premier, fully entitled, infill development site in Del Mar Heights.

The firm provides a $28 million loan for a 55-plus active senior housing apartment development.

Two years ago, Divco began a renovation to include updating the facade and office interiors to appeal to a more creative tenancy, which is expected to be ready for occupancy in the first quarter.

Glovis America will process more than 200,000 Hyundai, Kia and other original equipment manufacturer vehicles this year at the processing center.

The developers recently launched vertical construction on the 26-acre redevelopment project and also marked the completion of 200,000 square feet of leasing at the project.

"New Jersey is extremely vulnerable to the impacts of sea-level rise and global warming, and today's Executive Order outlines a bold and comprehensive set of actions to ensure that our communities and infrastructure are more resilient against future storms," Gov. Murphy said.