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The stage is now set for Hunter Storm to fulfill its vision of a transit village next to the San Jose International Airport with groundbreaking planned for fall 2019 and completion slated for 2021.
The industrial rent growth through the first two quarters of 2019 was nearly double the national average for rent appreciation at 10.7% but slightly lower than growth for 2018, an all-time historical high.
Carmel Rancho II Shopping Center, a neighborhood shopping center in Monterey County, was family owned by the Beeman Family Trust since being constructed in 1959.
Very few concessions are being offered in large markets such as Providence, Riverside/San Bernardino, Sacramento, Minneapolis/St. Paul and Boston, with discounts on only about 5% to 7% of apartments.
The deal announced today calls for Hudson's Bay Co. to receive $ $75 million in cash upon the transaction's closing and a secured promissory note for $25 million payable in cash after two years.
Element Critical's Northern Virginia facility at 7990 Quantum Drive was built in 1978 and acquired by Safanad Industry Capital Internet Infrastructure, L.P. in 2016 from The Meridian Group.
Overall, 2018 was the cycle's best year with 52.2 million square feet of gross leasing across all industries, while 2011 was the second best at 45.3 million square feet, according to a report by Cushman & Wakefield.
7EMPIRE is a sustainable development which integrates local community spirit into a boutique-sized design-forward offering, says developer TriForge Capital Partners.
In this EXCLUSIVE, Roy Anderson of AEI Consultants discusses the requirements for seismic upgrades in California, and how building owners and managers can ensure properties are in compliance.