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It is the first project in Houston to receive any certification under Fitwel, and among the largest with a three-star Fitwel rating, is second only to the Bloomberg headquarters in New York City.
Dallas has long been a business-friendly location and infrastructure hub in the center of the country, and Texas maintains strong data center incentives with sales tax exemptions available on large builds of more than $200 million.
The owner and developer of the Philadelphia site, Richard Zeghibe—founder of Patriot Parking—is expecting to break ground on the building in the second quarter of 2020 and plans to complete construction in the fourth quarter of 2021.
Blackstone is all-in on industrial, viewing the favored asset class that has seen vacancies at record-lows as poised for even greater growth, and is tapping the retail market more broadly through its non-traded REIT BREIT.
Commercial real estate firm Current Real Estate Advisors is taking a different approach to the traditional way customer acquisitions and leases are done. The firm is leveraging social media to engage new customers and find retail and office space for clients.