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Panelists in the opening economic session held Thursday morning at RealShare Apartments 2017 say that the growth beyond where we are at today is going to be in the urbanizing nodes of secondary cities.
Most of the proposed development is planned on properties that are publicly owned or owned by private development companies with a scale that respects neighboring, existing uses as well as Trenton's 250 Master Plan.
Lenders are beginning to lower the maximum LTV and increase DSCR, keeping rental-rates flat and allowing landlords to reserve for tenant improvements in case a property needs to be repositioned during the term of the loan, Money360's Gary Bechtel tells GlobeSt.com.
“Shore points such as Belmar with their own rail station have rapidly become a year-round haven for an out-commuter tenant base,” says Gebroe-Hammer's Adam Zweibel.
While the hotel outlook for 2018 remains positive, the future depends largely on the economy over the next 15 months, and the hotel industry would be the first to feel the results of a downturn, Trigild's Kevin Berry tells GlobeSt.com.
There were approximately 421,113 square feet of new leases and renewals executed in Burlington, Camden and Gloucester Counties, an increase of about 6.6 percent compared with the previous quarter.
Employers know that their office “often makes a first impression when new candidates walk through the door for an interview,” Fred Schmidt at Coldwell Banker Commercial Affiliates tells GlobeSt.com.