Commercial real estate special reports for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
The focus is creating the highest and best use for each site but construction and land costs add challenges to an already challenging situation, while community designs continue to be responsive to buyer needs.
Since 2000, Los Angeles has spent $28.4 billion on the construction of new multifamily product as the spending on single-family construction has fallen.
The private equity firm signed a 10-year lease for 13,460 square feet of space on the 16th floor of the 17-story building at 150 Second Ave. North in Downtown St. Petersburg.
At the Crittenden National Real Estate Conference yesterday, panelists fear rising construction costs, rent control for California and a supply constrained market, but say housing cycle could go much longer this go around.
" Because Atlanta still has a lot of room for growth, from a population standpoint, I believe the sales will catch up over time as more people move to the area, but I don't believe the retailers can sustain this current trajectory as it relates to rental rate increases," says Franklin Street managing director Monetha Cobb.
With the increase in supply for multifamily product, property managers are finding unique ways to curb competition at the property level to drive value for owners.
“These two class A office properties are profiled differently, with value-add and core-plus attributes for 20 Waterview and 35 Waterview, respectively," says Thomas Walsh, JLL managing director.