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“The Cost Approach tends to set the upper limit of value before depreciation is considered, and is most applicable for proposed or recently-constructed properties, where minimal depreciation has accrued.”
GlobeSt.com chats with Tom Fritz, a senior director at Stan Johnson Co., about how buyers are becoming more cognizant of market rents and are typically cautious about acquiring properties that are above market.
Owned since 2011 by Bain Capital and Oaktree, International Market Centers has 12.2 million square feet of exhibition space in High Point, NC and Las Vegas.
Some debt and equity lenders feel that way, but there's a big capital push on the region where the sentiment is that the market is still growing and companies are relocating there, Monday Properties' Phil Cyburt tells GlobeSt.com.
“RD Management's goal at Waterview Marketplace is to create a destination that appeals to both residents and employees in the Parsippany area,” says Richard Birdoff, principal and president of RD Management.
Allianz contributed the 353,000-square-foot 114 Fifth Ave. office building in Manhattan, valued at $220 million that Allianz has owned since 2015 along with its 1% partner, L&L Holding Co.
Long-term financing in the amount of $67.75 million has been secured for three Silicon Valley properties; two of the transactions were for office properties and one for a big-box retail center.
Constantly trying to push the envelope beyond good design to create great design layered with different components and amenities is more effective in the multifamily sector, TRIO Environments' Angela Harris tells GlobeSt.com post-PCBC.