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Lenders are acting much differently at this stage of the cycle than they were in the last cycle, when loanterms became ever-more aggressive until the market collapsed.
With more than 1 million square feet of leasing demand projected across the Trophy and Class A market over the next 12 months, quality large block options will begin to decline, JLL predicts.
The entity— GLP Continental Europe Development Partners I— is expected to reach a value of $2.3 billion of assets under management when fully invested.