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Technology has changed the game for the corporate sector, where those who used to travel have realized that physical distance is no longer an obstacle to connecting.
Amazon.com has committed to 11 million square feet in 10 buildings. Inking 7.2 million square feet in new leases, and accounting for 51 percent of the total new leasing volume for the quarter.
"After years of strong fundamental performance, the COVID-19 pandemic injected a huge amount of uncertainty and volatility into multifamily," a team of Yardi Matrix researchers reported.
The timing for Empire West could not be better given the location, the surge in e-commerce related warehouse demand and the Houston region's continued population growth, which recently eclipsed 7 million people.
A 100% affordable 71-unit residential rental community at 950 W. El Camino Real will provide independent living for a mix of single- and two-person households earning between 50% to 70% of the area median income.
Colliers International brokered the sale of West Palm Medical Plaza, which was purchased by WPB Medical Office LLC, an affiliate of a local investment group.