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The property offers 529,000 square feet of class A office space at 300 Interpace Parkway and 1 Upper Pond Road, with leasing opportunities from 3,500 to 90,000 square feet.
Last-mile industrial is bringing new life to outmoded facilities that are well located, and rent spreads between classes are expected to continue tightening as more last-mile users target these spaces, C&W's Jeff Chiate tells GlobeSt.com.
Joseph J. Ori, executive managing director of Paramount Capital Corp., says that in general, he is very optimistic about the CRE industry for the coming year.
The self-storage market is growing in areas 50 minutes outside of a city where pricing is cheaper and tenants still have access to their goods through on-demand service.
Home sales activity increased notably year over year in November, up by 13% in Sonoma County and by 24% in Marin County but down by 11% in Napa County, according to housing experts at Pacific Union.
Anecdotally, most universities reported fewer international applications this year, reputedly based upon international concerns related to the rhetoric of President Trump, Pierce's Fred Pierce tells GlobeSt.com in part 2 of a two-part story.
CBRE's Manhattan MarketFlash notes 33 office leases signed last year were for more than 100,000 square feet with 11 transactions for spaces greater than 250,000 square feet.
Carr Properties has completed a $300 million convertible debt investment with Israeli insurer Clal while Almanac Realty has committed up to $400 million to Merritt Properties.
“Construction of new property continues as firms look for higher returns, putting into question levels of new supply as economic uncertainty remains,” according to Morningstar's forecast for the REIT sector.
It is paying approximately $96 per square foot for the 887,917-square foot JANAF Shopping Yard, including the assumption of $58.4 million of mortgage loans secured by the property.