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"River Edge is a rare off-market acquisition of luxury multifamily units in tightly constrained Bergen County, NJ,” says Brian DiSalvo, C6 principal. “We are excited to bring institutional ownership and management standards to the value creation plan for this asset."
According to Nick Kanich, capital markets and investment sales out of Chicago for Cushman & Wakefield, the single-tenant net lease market remains strong.
DCBID's Carol Schatz says that an office resurgence will be the last piece of the Downtown renaissance, and she thinks the Warner Music lease is getting them there.
Westchester One, located at 44 South Broadway, totals 906,689 square feet and is set to undergo a major capital improvement and leasing program under the new ownership, according to C&W.
Orange County's population is projected to grow 4.9% between now and 2021, reinforcing the need for more apartment units—but where will they be developed and how will rents be affected? JLL's Darcy Miramontes tells GlobeSt.com what's to come.
Owners who are reticent to sell, combined with strong Millennial demand and a shortage of new construction, are contributing to home prices climbing this year, First American's Mark Fleming tells GlobeSt.com.
A recent drop in occupancy did not deter lenders from aggressively pursuing a refinancing opportunity at 717 Texas to the tune of $163.5 million, demonstrating continued investor and lender interest.
Due to labor and workforce pressure in metro areas such as Dallas and Houston where wages have increased, tertiary cities may get interest from manufacturers seeking a lower cost of doing business.
Comprising primarily of compact residential units, the acquisition is the fifth in Asia that CBRE Global Investors and Universal-Investment GmbH have made on BVK's behalf.