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Anecdotally, most universities reported fewer international applications this year, reputedly based upon international concerns related to the rhetoric of President Trump, Pierce's Fred Pierce tells GlobeSt.com in part 2 of a two-part story.
CBRE's Manhattan MarketFlash notes 33 office leases signed last year were for more than 100,000 square feet with 11 transactions for spaces greater than 250,000 square feet.
Carr Properties has completed a $300 million convertible debt investment with Israeli insurer Clal while Almanac Realty has committed up to $400 million to Merritt Properties.
It is paying approximately $96 per square foot for the 887,917-square foot JANAF Shopping Yard, including the assumption of $58.4 million of mortgage loans secured by the property.
The final 90 days of 2017 marked the first quarter of positive net absorption in the Houston office market in 18 months, while the overall net absorption quietly trended positive in fourth quarter, says CBRE.
The question for this year is “how much more steam is left in the market, whether the deceleration will continue or if it will level off or turn negative,” says Yardi Matrix.
Despite the encouraging number of residential-construction jobs being added to the market in December 2017, productivity needs to increase in order to meet inventory demand, says First American's Mark Fleming.
The multifamily market is set for another strong year, thanks to tremendous consumer demand for the asset class and competition from major capital providers.
New Empire Real Estate plans to demolish the existing distressed property and construct an approved 69-unit residential condominium building that will total approximately 85,000 square feet upon completion, according to Madison Realty Capital.