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INDIANAPOLIS—The vacancy rate in this hub has remained mostly steady even though several million square feet of spec space has recently been completed.
CHICAGO—Even though the number of jobs in Chicago has just now approached the 2008 peak, the amount of occupied space in the CBD has grown significantly since then.
CONSHOHOCKEN, PA–The Carlton Group has arranged a bridge loan of $18.5 million in senior debt for the development of two large, luxury mid-rise apartment complexes in Conshohocken.
CHICAGO—The rooftop deck is the final piece in the original plan for the building, but GlenStar officials say they have an open mind when it comes to making additional changes.
EAST RUTHERFORD, NJ—Vacancy in the New Jersey industrial real estate market at mid-year 2015 dipped below eight percent for the first time in more than six years, and occupancy gains finished in the green for the tenth consecutive quarter, according to Jason Price, tristate research director for Cushman & Wakefield.
JERSEY CITY, NJ— A 45,000-square-foot, 10-story office building in Jersey City, 880 Bergen Ave., will be transformed into a multifamily development following a $5.7 million sale brokered by CBRE.
BOSTON—While their figures did not agree in all cases, brokerage firms DTZ and Transwestern |RBJ concur that office and R&D availabilities in Greater Boston are extremely tight. In fact, the two commercial real estate firms both say that commercial real estate space absorption has not been this good in 15 years.