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“The renovations will modernize the facility, and the renewable energy solar project will reduce the carbon footprint while converting the property into a sustainable facility,” says Sky Management's Alex Dembitzer.
The entrepreneurial nature of family offices, private-equity groups and high-net-worth individuals makes them less risk averse than institutional investors, but value-add retail opportunities are now few and far between, CBRE's Arthur Flores tells GlobeSt.com.
Looking ahead to the holiday season, filled centers have the potential to provide the strongest consumer spending in years, as occupancy remains steadfast at all-time highs, reaching 94.6% in third quarter.
While overall jobs, unemployment and population growth figures in San Antonio remain strong, projected negative absorption and a steady pipeline of new supply paint a bleaker picture, says Ten-X.
Following strong leasing activity in 2015 and 2016, office leasing in West L.A. has normalized, with dropping long-term absorption numbers and declining sales volume.
Chronic under-investment in urban infrastructure such as education, transportation and other assets is a mistake because such investment is the only way to sustain growth, says Sam Chandan at the Trigild Lender Conference.