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Talks about a slowdown in commercial real estate have been constant. However, developers and retail landlords are steadily rolling out projects to create value.
Quartermaster owner Sky Management has partnered with architecture firm Digsau and is currently implementing a host of capital improvements that are expected to be completed by the spring of 2020.
While the healthcare industry has positive momentum and demographics in its favor, healthcare labor shortage as well as other issues will restrain growth potential in the coming year, according to experts at the GlobeSt. Healthcare Real Estate.
The fund, through its affiliated entities, plans to develop a 120-room hotel, operated under a nationally recognized brand, and a six-story, 144-unit apartment community at the site.
In its latest transactions as exclusive leasing agent for the Passaic County property, the Old Bridge, NJ-based brokerage firm reports it has completed leases with Ulta and The Paper Store at The Parke at Hamburg for a total of 16,000 square feet, with both expected to open in the third quarter of 2020.
The 236-unit apartment building extends 765 feet into the Hudson River, developed by Hartz Mountain Industries and The Maxal Group. The financing came in the form of a $100-million syndicated loan for the project from M&T Bank that was completed in July.
Legacy Partners and architecture firm Tiscareno Associates had to think outside the box, creating 195 luxury living spaces, two major retail spaces and ample parking on a site with an unusual wedge shape.
The office market posted 197,968 square feet of positive net absorption and brought the year-to-date total to a positive 621,605 square feet, marking the 12th consecutive quarter of positive net absorption.