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Within a refined target of select submarkets, Meridian has a specific investment size, which will vary based on the quality of opportunities, but most investments will be in the $10 million to $75 million acquisition price range.
The 28-story HALL Arts residences features 50 homes starting at $2 million and 1,600 square feet going up to the two-level 10,000-square-foot penthouse while the adjacent HALL Arts Hotel has 183 rooms and 20 suites.
The metro currently reports 95.8% retail occupancy, making it the strongest market in Texas in terms of occupancy, a rate which is based on a retail market inventory of 49.5 million square feet.
In what may be a trend of the future, the Chun family is developing a 26-story, 385-foot high hotel, using a modular construction method to save time and money.
Upon completion, the Catalyst development will comprise three newly built class-A office buildings with two parking structures and one original class-B office building near Apple, Google, LinkedIn and Amazon.
For Manhattan offices overall average rent and leasing activity were up, with a decline in availabilities for April 2019, according to the Colliers International Market Snapshot Report.
Liberty announced its first quarter financial results on April 30 and noted that subsequent to quarter-end it had sold three office properties totaling approximately 74,000 square feet and 18 acres of land in Malvern, PA for $10.2 million.