Globest Sectors

The negative publicity caused by the struggle of Applebee's has changed how investors view the sector.

The building has been a hit with office tenants, including Bank of America, which has also agreed to finance the trophy property.

“Proven rent premiums for redeveloped units in this market make the community an excellent opportunity for a value-add addition to our portfolio,” says Wilkinson Corporation's George Waymire.

"We do believe there is considerable value to add through investments in social, recreational, and business amenities,” says Steve Card, principal and regional director, Mid-Atlantic, for Rubenstein Partners.

The Florida Realtors trade group reports that sales of single-family homes in the first quarter fell slightly by 0.9% with a statewide total of 60,204 transactions. The median statewide single-family home price at the end of the first quarter was $248,000, up 9.7% from the first quarter of 2017.

Real Capital Markets, which just reached a $1 trillion milestone, is seeing a surge in the volume of its industrial deals.

John H. Banks, the president of the Real Estate Board of New York, says the way out of the housing crisis is to build more affordable and market rate rental housing.

In addition to providing a unique transit-oriented development opportunity, 45 of the units at MacArthur Station Parcel B will be inclusionary units to provide affordable housing options.