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Growth is strong in most multifamily markets in Texas, but the cost of construction is currently outpacing rents which has to change in order for opportunities to become obvious in the larger markets.
We joined more than 400 commercial real estate colleagues last night to recognize the collective work of Building Block supporters and community partners.
More than 1.4 million square feet of inventory has been converted to data centers since 2008 in the region. The pace of conversions has averaged 273,725 square feet since 2015, chipping away at nearly 2% of supply each
In conjunction with the EdR purchase, Blackstone Real Estate Income Trust, Inc. and partner Greystar Real Estate Partners also reported they had closed on the $1.2-billion purchase of EdR's student housing portfolio.
If the STEM high school project at the former IBM Somers property secures all approvals and lease negotiations are finalized, the lease transaction and the subsequent adaptive reuse project would be the largest of their kind in memory in Westchester County.