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Three trends are driving the Chicago office market: continued relocations to the CBD from the suburbs, the rapid growth of co-working and the emergence of former fringe locations.
The completed property will consist of a nine-story building with 409 rental apartment units, 16,300 of ground floor retail, and an onsite parking garage.
Andrew Chung, CEO of Innovo Property Group, in a GlobeSt.com interview explains why his company's $75 million, 700,000 square-foot Bronx logistics property is ahead of the curve.
The Central Orange County office market has had anemic start to the year, losing two large tenants to the Airport Area, but vacancy and rental rates remain strong.
The park will be a significant teaching tool with extensive labeling of the more than 600 trees and plants within 12 smaller gardens keyed to a variety of plant life and environmental conditions.
The value of a multi-tenant office asset, $58.75 million, created significant bidding depth and a lease for the remaining vacancy was negotiated with WeWork during the marketing process, bringing the tenancy to 100%.