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Forecasts for commercial real estate prices in 2020 and 2021 are expected to fall below the long-term average growth rate for the first time since 2011.
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."
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.
The Zachry EEC is so unrecognizable since its transformation that many believe the original 300,000-square-foot building was demolished, but in fact, 80% of the original building was reused.
The Sand Springs Powerhouse was opened in 1911 and served as the town's power plant for many years, encompassing 31,759 square feet on a 1.86-acre lot, but now is being marketed to multi-use tenants.