Southeast

“Align yourself with like-minded people who can enhance and elevate you," says Berkadia's Hilary Provinse.

The years-long tight market has hurt commercial real estate asset classes, with higher vacancy rents, lower asking rates and greater concessions, according to a report last year from JLL.

The retail REIT, which stated that the recent announcement of the closure of all dressbarn locations will not impact the company's core mall portfolio, reported that three of its properties topped $600-per-square-foot in sales in April.

The development will incorporate 233 residential units, 25,000 square-feet of retail, 5,300 square-feet of office space, and a 4,000 square-foot event space.

A rent controlled unit does not ensure that the benefit of that unit goes to a household most in need.

Reonomy also reports that as of July 2018, there has been an acceleration of price appreciation in non-Opportunity Zone assets and a deceleration of price appreciation in Opportunity Zone assets.

Buildings now compete differently than they have before, says Linda Aronson, JLL's regional manager for property management for the New York Tri-State market

Tenants at the 302,346-square-foot property include Ross Dress for Less, TJ Max, Old Navy, Michaels, Petco, Five Below, Bed Bath & Beyond, Panera Bread, Planet Fitness and Olive Garden.