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GlobeSt.com sat down with multifamily experts in this <b>EXCLUSIVE</b> Q&A to ask that very question and find out more about what we can expect for multifamily construction and absorption in 2016.
IRVINE, CA—The first installation of Irvine Co.'s Hybrid-Electric system will reduce electricity operating expense and create a more stable, flexible electricity grid for buildings, the firm's Rich Bluth tells GlobeSt.com <b>EXCLUSIVELY</b>.
NEWPORT BEACH, CA—Despite developers' attempts to build creative space, more types of users are seeking this space than ever before, and supply is not keeping up with the demand, Bixby's Bill Halford tells GlobeSt.com in this <b>EXCLUSIVE</b> look at office trends for 2016.
BROOMFIELD, CO—TechCore is an approximately $1 billion discretionary core real estate fund managed by GI Partners on behalf of the California Public Employees' Retirement System.
RADNOR, PA—Brandywine Realty Trust, continuing with its previously announced strategy of selling non-core properties, says it sold a 137-room hotel in Conshohocken, PA, not far from its corporate headquarters in Radnor, and two office properties in Austin, TX.
NEPTUNE CITY, NJ—Tryko Partners is acquiring and renaming Medicenter Rehabilitation & Nursing, 2050 6th Ave., Neptune City, NJ as Coral Harbor Rehabilitation and Healthcare Center. A $2.5 million upgrade is planned.
PARSIPPANY, NJ—As leasing activity continues to accelerate, New Jersey's industrial vacancy rate has dipped to 6.8 percent, the lowest level in more than a decade, according to Transwestern's Jeff Furey and Matt Dolly in the firm's Fourth-Quarter 2015 Industrial Market report.
HOUSTON--HFF has arranged $60.74 million in post-closing acquisition financing for Galleria Place, two class A office buildings totaling 401,000 square feet plus a stand-alone retail site across from the Galleria Mall in Houston.