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This year, for GlobeSt.com's ADAPT awards, we considered a wide array of commercial projects throughout the county. The 2019 winner for best commercial project repurpose is Waikiki Village Motel.
The joint venture partners state their total investment in the properties, including the purchase price and planned capital improvements, will exceed $100 million.
Persson brings 30 years of commercial real estate industry experience to Avison Young, most recently as a SVP at Newmark Knight Frank in Rutherford, NJ, where he was a member of the company's global corporate real estate group for nine years.
Would further interest-rate cuts lower the cap-rate spread throughout the remainder of the year? That depends on when the cuts occur, and how much they change.
The expansion to the Southeast is seventh market in the company's national multifamily investment sales expansion, which started in April 2018. In July, 2019 NorthMarq announced its expansion into the Kansas City market.