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Despite paying a defeasance fee, G.H. Palmer was able to save money in the long term by refinancing a $266 million loan early to lock in a lower rate and better terms.
NAP describes the project as “a national example of next-generation, mixed-use development, placing 'heart share over market share' in creating New Jersey's next hometown.”
A new survey from CTBC Bank analyzed the sentiment of high net worth investors around the world, and found many are concerned about affordability and interest rates.
Law firms have generally stuck to class-A high-end office space, and with 65 million square feet of office product under construction, they have plenty to choose from.
“We had this massive in-migration of millennials that fueled our hip restaurant scene, and our hip retail scene, and it fueled our booming apartment absorption.”