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Dannon is considering embarking on a $30.4-million renovation and construction project at 100 Bloomingdale Road, also known as 1 Maple Ave., at the Source at White Plains.
EAST RUTHERFORD, NJ—While demand did not reach the high point seen in the first two quarters of 2016, leasing for industrial space is expected to remain healthy for the rest of the year.
LOS ANGELES—MJ Real Estate Investors is racking in 11% to 15% yields, which, in this market, is unheard of, GlobeSt.com reports in this EXCLUSIVE market.
SAN DIEGO—Safety is a top concern in creating cities, so developers need to be aware of all design elements that affect camera monitoring and what needs to be flagged as suspicious, Burnham-Moores' Norm Miller tells GlobeSt.com <b>EXCLUSIVELY</b>.
BOSTON—Vacancy in Boston's Central Business District remained steady at 9.7%, as positive absorption of 644,000 square feet was balanced by 655,000 square feet of new space delivered at 888 Boylston St. and 80 Guest St.
The two, three-story class A office buildings, totaling 245,106 square feet, share a 4,000-square-foot atrium and are 72-percent occupied by three credit tenants.
MESA/TEMPE, AZ—Investors are finding significantly more room for rent growth in the value-add space as contrasted with the newer class-A product, especially given current construction costs in the Greater Phoenix market.
FRISCO, TX—Another project to be built within the $5 Billion Mile is Domain At The Gate developed by Embrey Partners, the first project to break ground inside the master planned Gate development.
HOUSTON—The 320-unit, garden-style multifamily community, Park Lakes Apartments, located at 9955 Buffalo Speedway sold to Advenir Inc. for an undisclosed amount free and clear of existing debt.