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Tightening spreads and yields on new investments, as well as e-commerce's effects on traditional retail are some of the challenges these lenders are facing today, PGIM's Paige Hood tells GlobeSt.com in advance of MBA's CREF conference.
Customized retail space is hard to find, opening the door for buildings that cater to services, restaurants, salons, exercise studios and unique retailers that work well in a downtown-foot-traffic market, Flinn West's Jayne Flinn tells GlobeSt.com.
However, renter demand remained strong and kept apartment occupancies steady in 2017, says RealPage. The coming year will see a dropoff in new deliveries.
The significance of the asset and its location in downtown contributed to a depth of buyers that span multiple uses but ultimately Sundance Square won out in a competitive bid process.
It was another record-setting year for Port Houston volume, and the emergence of the Gulf Coast as a globally low-cost petrochemical manufacturer leaves the industrial sector generally well-positioned entering 2018.