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“The Grandstand offers new ownership tremendous headroom given the significant rent spreads achieved by nearby, fully renovated communities,” says Shea Campbell, a senior vice president at CBRE.
The Valley continues to experience record-setting economic expansion with a large development boom in North San Jose, downtown San Jose and Santa Clara, and San Francisco office vacancy sits at 7%.
“The storage industry generates a reported $38 billion in annual revenue, and within this sector, Clutter is carving a distinctive niche from a service perspective,” says Cushman & Wakefield's Andrew Stypa.
Highland Capital Management has finalized the purchase of the class-A 42-story office Cityplace Tower building from a joint venture partnership between Parmenter Realty Partners and Angelo, Gordon & Co.
The new organizational structure will replace the existing operations that manage CBRE's services business within its existing geographic businesses—Americas, EMEA and APAC. That structure will remain in effect for the remainder of 2018.
Properly utilized the CRA is an effective tool for lenders to help address the housing affordability crisis, not only in booming metropolitan areas like Seattle, but also in areas of the country that desperately need institutional investments to re-vitalize their communities.
What was once a fertile and cheap source of financing for multifamily and hotel developers is largely absent. Learn the two primary reasons for the slowdown and some solutions in this <b>EXCLUSIVE</b> commentary on the subject.