Leasing

The lease facilitates the acquisition of a 384-unit student housing property near Arizona State University.

The lease capitalizes a 16-story development that will include 278 units and 28,000 SF of office and retail space, situated within SomeraRoad's larger Paseo South Gulch master plan.

The pandemic increased demand for apartments while demand for extended-stay hotels fell.

The company has signed a letter of intent with an institutional real estate investor for the sale and leaseback of four properties.

The REIT has secured long-term leases with two biotech companies to fully lease-up its development, which is slated for completion in Q2 2023.

Local governments are increasingly partnering with the private sector to capitalize on new real estate opportunities.

The 200,000-square-foot, state-of-the-art development represents one of Manhattan's first ground-up spec office developments since the onset of the pandemic.

Traditional BFR companies are branching into duplexes and townhouses to make infill locations work.