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Governments and civic owners are increasingly leveraging technology to address critical infrastructure needs but construction is slow to adopt, says Bill Smith of PlanGrid in this <b>EXCLUSIVE</b>.
Some properties are being sold within two years, and this quick timing was evident with 12 apartment communities that recently sold in North Texas totaling 3,200 units valued at $275 million.
Construction is underway on a 47-story 1-million-square-foot office tower on the 800 block of Texas Avenue, the former site of the Houston Chronicle, and the building will open in late 2021.
The long-promised lawsuit filed by New York State Attorney General Barbara D. Underwood specifically points to the federal tax reform law capping the SALT deduction at $10,000 as damaging to state taxpayers. The litigation was joined by the attorneys general of Connecticut, Maryland and New Jersey.
BTI also reports it has obtained a $12-million loan secured by the 100-acre property from Florida Community Bank. A spokesman for BTI tells Globest.com that while the 100-acre parcel is on the market for sale, BTI still could possibly be involved in the development of the property.
“We remain bullish on the current operating environment as well as the long-term fundamentals supporting grocery-anchored shopping centers, and this merger demonstrates our unwavering confidence in the asset class.”