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“Miami and Florida as a whole is attracting Americans leaving high-tax states such as New York as the new tax law cuts into their income-tax deductions.”
The redevelopment dovetails with reconfiguration efforts taking place in Hackensack's downtown CBD that will make the district more accessible for live-work-play options being developed there.
Panelists during the capital markets panel at ICSC's RECon event here in Las Vegas say that while valuations are peak”ish”, the expansion in the retail capital markets space has really been led by responsible buying and borrowing.
San Francisco has one of the most evolved markets for flex space compared to other global cities, however, the number of flex centers is still relatively limited compared to New York and London.
“The deal represented a value-add opportunity for the purchaser to obtain higher rents by upgrading kitchens and baths," says Kislak's Robert Holland. It's the fifth time Kislak has brokered a sale of the properties.
Hartman Simon attorney Jeremy Cohen catches up with GlobeSt.com at ICSC's RECon event to discuss three key factors at play when developing a center from a retail standpoint.