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BBG views Austin as a strategic market that will contribute to its future growth and its acquisition of HCP Advisors will create one of the city's largest valuation teams.
The 200,000-square-foot mixed-use building at 200 E. 18th St. is soon to be underway on behalf of the Employees Retirement System of Texas, and it is to include both office and retail space.
The Chicago portfolio comprises two premium continuing care retirement communities with approximately 1,100 units operated by Senior Care Development and Life Care Services.
Officials with the firm say the company is currently poised to enter the Las Vegas market and is considering three locations along the 215 Beltway and/or in the southwestern Las Vegas valley to develop luxury rental apartment communities.
Harmonic Drive has outgrown the two buildings it currently occupies in Peabody and the move to Dunham Ridge will allow it to consolidate its functions into one building and expand its footprint to accommodate growth.
Retaining talent is the number one market driver for companies to take new construction space, causing rates and demand to rise in the Seattle and Bellevue metro office markets.