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One mixed-use project, Ameswell Mountain View, located on one of the last fully entitled development sites in Mountain View, has bucked that notion and recently broke ground.
Kaufman County has grown exponentially during the last few years but residents of Kaufman and Van Zandt counties have very limited options for retail brick and mortar, which is about to change with the Crossroads.
The New York City office of real estate lending and investment firm Greystone provided a $68.77 million Fannie Mae DUS loan to Quantum Equities for the property purchase.
CBRE reports that the O'Hare industrial market remains one of the region's tightest sectors, with a very low vacancy of 2.1%, well below the market average of 3.6%.
The companies value the US multifamily sector at more than $3 trillion and say that it has delivered higher and less volatile returns than most major US real estate sectors during the past 25 years.
The property at 4634 East Marginal Way is 94% leased to a variety of tenants, including ride-sharing giant Uber's Greenlight, a hub designed to provide in-person support to drivers.