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MONTVILLE, NJ—Vision Real Estate Partners has launched the mixed-use repositioning of Montville Corporate Campus, which it acquired last summer from Bayer Pharmaceuticals.
LANCASTER, PA—PREIT has sold the site of the Mattress Warehouse property at 1831 Hempstead Road in Lancaster, PA to a private investor, David Roeberg for an undisclosed amount.
CALABASAS, CA—Notwithstanding a quarter-million new apartments coming on line by year's end, Marcus & Millichap sees vacancies nationwide continuing to decline.
NEW YORK CITY—S&P cited favorable tailwinds for student housing in upgrading its outlook for American Campus Communities; the sector's recent sales metrics bear this out.
WASHINGTON, DC—Altus Realty and its JV partners are planning to build a 2220,000-square foot mixed use project that will include 250 residential units.
WASHINGTON, DC—If tenants aren't paying attention they could wind up assuming a 25% increase in costs associated with the new energy efficiency standards, says Collier's Rob Hartley.
NEW YORK CITY—“There is much more to come in terms of consolidation as REITs enter a period of rising rather than declining interest rates,” says Mark Rose, CEO of Avison Young and a member of GlobeSt.com's advisory board.
NEW YORK CITY—Providing an update from a year earlier—when the Mayor's administration and its efforts were in their infancy—housing executive Carl Weisbrod clearly stated the city's plans for solving the housing crisis and outlined the private sector's role.
WASHINGTON, DC—Berger Singerman Partner Marc Shuster's phone typically rings off the hook with eager queries from foreign investors. Now, the calls are taking on a more anxious tone.