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SANTA BARBARA—In Santa Barbara, retail projects can take decades to get approval, but the city is keen on multifamily development to fill the dearth of supply after years of no construction, GlobeSt.com reports in this EXCLUSIVE story.
WALTHAM, MA—The single-family median sales price in Greater Boston rose a modest 4.5% from $560,000 in 2015 to a new record high for June of $585,000. The increase marked the 21st consecutive month that the single-family median sales price has improved.
AUSTIN, TX—801 Barton Springs' advanced architectural design, views, unprecedented parking ratio, innovative technology package and location in Austin's cultural center stand to set it apart from other office assets.
HOUSTON—In a move to promote sustained inventory in those metros, a $119 million-loan for 10 multifamily properties with 2,416 total units was recently completed by Hunt Mortgage Group.
PHOENIX—With more than 1.7 million square feet of occupancy growth during the first half of 2016, the Phoenix office market ranks fourth out of 87 markets and only Dallas outperformed Phoenix for occupancy growth in the west.
LOS ANGELES—In an unusual move, the Port of Long Beach grants what is being called the nation's largest voluntary port mitigation fund ever created to reduce the impacts of Port-related pollution on the community.
LOS ANGELES—As the institutional owner of Plaza 183, a newly renovated retail center, secures $66 million to refinance the property, it's clear that lenders are still supporting core retail properties and strong borrowers.
NEW YORK CITY—Following the MTA's announcement earlier this week of just what service on the key line will be suspended—and for how long—Cushman & Wakefield's Brooklyn guru Joseph Cirone spoke EXCLUSIVELY with GlobeSt.com on the potential impact of the stoppage.