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At Lee & Associates' annual Broker's Summit in Las Vegas, Ken Salzman and Aleks Trifunovic highlight the stunning differences between L.A. and New York office properties.
Conceived as a new landmark, 841 Yale provides a nod to the turn-of-the-century origins of The Heights with craftsmen masonry and brick patterns plus arched metal windows in its first two stories.
Lenders are acting much differently at this stage of the cycle than they were in the last cycle, when loanterms became ever-more aggressive until the market collapsed.
Speculative development is much less prevalent today than in past boom times–with many of Dallas/Fort Worth's large office and industrial projects significantly leased up prior to construction.
With more than 1 million square feet of leasing demand projected across the Trophy and Class A market over the next 12 months, quality large block options will begin to decline, JLL predicts.