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Even with rising interest rates, there is still room for cap-rate compression driven by projected NOI growth at the property level and the appetite for institutional investors to increase their allocation to industrial, Bixby's Aaron Hill tells GlobeSt.com.
Part of Mayor Bill de Blasio's $3.7 billion investment in the New York City Housing Authority includes heat and hot water upgrades for 20 developments.
GlobeSt.com speaks with JLL executives in L.A., Orange County and San Diego to discuss the drivers behind CRE construction in their respective markets and the micro and macro factors influencing this sector.
NAI Fennelly says net absorption of Princeton, NJ, office space was 768,532 square feet in 2017, off nearly 24 percent off from growth of 1.015 million square feet in 2016.
Certain markets have not been able to generate the job growth and leasing to work off the high vacancies left by the Great Recession, and other markets that enjoyed stronger fundamentals are now contending with increased supply, Ten-X's Peter Muoio tells GlobeSt.com.