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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.
The final 90 days of 2017 marked the first quarter of positive net absorption in the Houston office market in 18 months, while the overall net absorption quietly trended positive in fourth quarter, says CBRE.
The Dallas Innovation Alliance's vision for its living lab in the West End is part of the burgeoning Dallas Innovation District and many of the features are being rolled out this month, GlobeSt.com learns.
The question for this year is “how much more steam is left in the market, whether the deceleration will continue or if it will level off or turn negative,” says Yardi Matrix.
The agreement caps a year-long strategic review following the death of Courtland Partners founder Michael Humphrey. StepStone's Jeff Giller says the intention is “to honor Michael's legacy” of high standards and fiduciary orientation.
The addition of the RPR Partners team “reflects our commitment to growing strategic areas with unmatched knowledge to meet each of our clients' needs,” says Ernst & Young vice chair Kate Barton.
Despite the encouraging number of residential-construction jobs being added to the market in December 2017, productivity needs to increase in order to meet inventory demand, says First American's Mark Fleming.