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"We've had a tremendous number of inquiries from financial firms, from younger firms that want to be artsy and eclectic and who don't want to be in Wynwood to tech companies locating here from California."
Origin acquired the property on behalf of its IncomePlus Fund from Michigan Avenue Real Estate Group, the original developer of the property. Chicago-based multifamily brokerage firm Kiser Group represented Origin Investments in the off-market transaction.
The new health center is home to Main Line Health's first Women's Specialty Center in collaboration with Axia Women's Health. The new facility which opened on Monday is located in the Village at Valley Forge.
"In many ways, this could benefit commercial real estate in that rate cuts have made the cost of debt capital cheaper and will cause many to seek more stable investment vehicles and hard assets."
Most of the new construction coming online is higher-end rental properties, which has put a strain on the availability of market-rate units because the housing type has seen full occupancy in today's market.
The RFI released on Tuesday seeks input from all individuals and organizations that have an interest in how a Green Fund may be established and operate in the state.
Gaedeke Group, a privately owned commercial real estate investment firm, has acquired 44 Wall St. advised by George Comfort & Sons, Inc., a real estate investment management firm, for $200 million.