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CHICAGO—Lenders may once have calculated rent growth at around 4%, but estimates have grown more conservative, KIG says, and some proposed projects in the city may not get a green light.
HOUSTON—Indisputably, the drop in the price of oil has had an affect on the local economy. But as panelists at RealShare Houston explained, they have been here before.
BOSTON—Cronin is proposing in its latest filing with the BRA to build a 22-story, 283,700-square-foot building that will contain 124 residential units and 10,700 square feet of commercial and retail space.
ATLANTIC CITY, NJ—A more regionally focused approach to zoning and planning for commercial construction is probably the most critical issue facing New Jersey's commercial real estate industry, says incoming New Jersey Builders Association president Dwight Pittenger, president of Neptune, NJ-based Pittenger Builders.
PHILADELPHIA—PREIT sold four more underperforming malls in Pennsylvania, Virginia and Alabama, continuing its strategic exit from properties it regards as “non-core,” which had below-average sales, gross rents, and occupancy.