Globest Sectors

"Jobs, jobs, jobs is our mantra—we go where there's job growth, which follows population growth."

In the firm's fourth quarter 2019 report on the Southern New Jersey and Southeastern Pennsylvania markets, WCRE states that although leasing activity was down overall, vacancy rates remained low and gross leasing absorption was positive.

The properties are the 422-room InterContinental Buckhead Atlanta and the 237-room Sofitel Washington DC Lafayette Square.

This year investors should not count on significant appreciation returns, but expect that income returns will remain steady.

C&W projects pressure to remain high on industrial occupancy and rent growth levels across North America.

The financing will facilitate the construction of a 1.2-million-square-foot mixed-use tower, part of a 1.9-million-square-foot development that will feature office, residential condominium and retail space.

The planned complex will total 221,000 square feet and once completed will be the largest building on the campus.

The unidentified company signed a new 29,974 square-foot lease deal at the two-story, 139,750-square-foot asset, which combined with its previous 26,556 square feet of sublease space, brings its presence at the complex to 56,530 square feet.