Multifamily

Mack-Cali calls the Bow Street proposal "grossly inadequate, illusory, unworkable," while Bow Street managing partner Akiva Katz says Mack-Cali is "clearly undervalued, but we don't think the undervaluation can be resolved in its current structure."

“Times are changing, and the modern professional values access to an alternative workspace, ideally with a coffee shop component, and great WiFi that's close to home," Pestronk says.

Several major West Coast markets landed on Compound's list of the Worst Cities for housing investment, based on performance last year.

The properties had the same owner since the 1970s, and represented an opportunity to upgrade units while rebranding the assets as one property, says Berkadia's Parker Stewart.

Harmsen will be actively involved in the InNOVAte 2019 Challenge, an accelerator program, and Greentown Labs, the largest cleantech incubator in the US, with the goal of developing innovative technologies to disrupt the built environment value chain.

California is the most deeply affected wildfire state with an estimated economic impact of $85 billion, stemming from tax revenues of affected businesses, tourism and federal wildfire-suppression costs.

WashREIT will close on the Maryland portion of the portfolio in the second quarter.

The project is a collaborative effort between Intracorp, community groups and stakeholders including Friends of Little Saigon, Seattle Chinatown International District Preservation and Development Authority.