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RUTHERFORD, NJ—Commercial brokerage firm Savills reports it has launched a new specialization that will be focused on property disposition services.The…
Specifically, the retail sector experienced the greatest cap rate compression by four basis points to 6.23%. Moreover, this was the first quarter of downward cap rate movement for the retail sector following five consecutive quarters of upward movement.
Construction is already well underway on the 121-unit first phase that is scheduled for delivery in the fourth quarter of 2020. Boca Raton-based El-Ad National Properties is company of Elad Group of New York City.