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FORT LAUDERDALE, FL—Developers have focused plenty of attention on affordable housing projects in Miami in recent years. Now, Fort Lauderdale is seeing a little more of the action.
KANSAS CITY—The suburbs have been a bright spot for the metro area, and future hiring plans by a major employer gives many analysts confidence in the market's continued growth.
JERSEY CITY, NJ—In a significant move for development projects in the western part of Jersey City, the city's Planning Board has approved the 21-story McGinley Square project on Bergen Avenue in the Journal Square submarket. The project is being jointly developed by St. Peter's University and a private developer.
RUTHERFORD, NJ—The Kislak Company Inc. helped a client use a novel 98-year ground lease to take control of the Union Bridge Apartments, the largest multifamily property in Rutherford, with 115 units located at 152 Grand Avenue and 153 Darwin Avenue.
TUCSON—An affiliate of Cottonwood Properties announced they will be constructing and leasing a 60,000 square foot distribution facility for Ventana Medical Systems, Inc., a member of the Roche Group.
NEW YORK CITY—The search for yield drove commercial mortgage origination among life companies to a new high last year, and Fitch Ratings expects this year's total to be higher still.