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The Fed's third Fed Funds rate cut this year will hopefully result in a "soft landing" for our record expansion and avoid a recession. Both the NY Fed's recession model and the Bloomberg economist survey indicate a 35% chance of a recession in the next 12 months.
The plan includes the first residential development in the area between PNC Park and Heinz Field, new green space, and a new privately-constructed parking garage, city officials say.
Transwestern reports that average asking rents for industrial space in New Jersey rose to $8.59-per-square-foot, marking the largest quarterly increase since the fourth quarter of 2018.
The new hospital, which will be the centerpiece of Valley's healthcare campus in Paramus, will be funded through the issuance of bonds, hospital equity and philanthropic contributions. Valley anticipates the new hospital could open as early as 2023.
Berkadia arranged the sale and acquisition loan for the property located in Orlando's Winter Park suburb near Full Sail University, Rollins College and the University of Central Florida.