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The investment takes advantage of "a tight submarket with limited bulk availabilities and a lean construction pipeline," says Chris Sterling, vice president at TIG.
GlobeSt.com chats with Paloma Realty Partners Inc. about some simple solutions to mitigate Los Angeles' to assuage LA's housing shortage and lack of public transit.
“This portfolio of properties provides us a unique opportunity to control an irreplaceable block of class A office product across three recently renovated and repositioned assets that cater to diverse users,” says Charley McGrath, MRP's Philadelphia managing director.
“We believe that Makefield Crossing will become an even more compelling office destination following our planned improvements,” says Lou Merlini, vice president of asset management at Rubenstein.
Listen to our exclusive audio interview about how virtual reality technology is speeding design and development of approximately 220 residences in the year-round, live/work/play community in Greater Green Bay.
The harsh tax environment and limited investment opportunities are pushing local Southern California capital to other markets for triple-net single-tenant deals.