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NEW YORK CITY AND NEWARK, NJ—JLL says the market's ability to service cities up and down the eastern seaboard, combined with its connections to the #3-ranked Central and Eastern Pennsylvania markets, offsets higher labor and real estate costs in the region.
BOSTON—Pogorelc hopes to begin demolition of the existing buildings at the nearly five-acre-site in the next two to three months, with construction on the project itself beginning two to three months after demolition work is completed.
SAN FRANCISCO—Available inventory in the wholesale data center market will become tight through next year and although pricing will remain relatively stable in the short term, rental rates will trend upward later this year and into 2017, says one source in this <b>EXCLUSIVE</b> Q&A.
NEW YORK CITY—The group of four properties—spread out around the country—received a loan to repay the first mortgage and mezz debt, as well as fund upcoming improvements.
GOODYEAR, AZ—As investment grade tenants continue to see the value of locating in Phoenix, investors are seeking out the market's high-quality industrial assets such as Goodyear Crossing II, a fully leased center.
AUSTIN, TX—Medical Towers at Bee Cave is approximately 80% leased as part of a unique business model enabling tenants to become equity owners through the creation of a limited liability corporation.
DALLAS—Broe Real Estate Group recently completed the sale of a Dallas retail building for $19.5 million in a 1031 exchange with the Oceanview Village Shopping Center property located in San Francisco.
HOUSTON—Until the amount of new supply diminishes and the energy sector starts adding jobs again, Houston's apartment market likely will be sluggish, with effects of supply relief not expected to kick in until 2018.