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DALLAS--Palladium USA International, along with its development partner NE Development, has broken ground on 7.4 acres of land in the Lakefront District of Little Elm for a mixed-use community that will include 203,090 square feet of luxury rental homes and 6,000 square feet of retail and restaurant space.
CHICAGO—The Kiser Group has just put together some stats on the sales of older multifamily properties in the 'burbs, and says this product has become quite attractive to long-term investors.
HOUSTON--California-based Plastic Express has pre-leased 394,489 square feet in Phase II at Port 225 in Pasadena, near the Port of Houston, from Clarion Partners, confirms Transwestern.
SAN ANTONIO--InvenTrust Properties Corp. has acquired Sonterra Village Shopping Center, a newly-built 42,492-square-foot shopping center in San Antonio for approximately $21.5 million.
BOSTON—Brokerage firm JLL singled out Greater Boston as a hub for innovation and one of the top cities in the nation and the world for creating an environment that attracts new business, technology and foreign investment.
PHOENIX—The Tempe North submarket led the metro area in fourth quarter absorption with more than 616,000 square feet of net absorption, as State Farm took possession of its first of five regional headquarters buildings, which accounted for more than half of that absorption.
DETROIT—Vacancy rates have plunged, and even though developers have kicked off millions of square feet, experts say that much more will be possible once rents increase.