Office

The firms have formed a joint venture project to purchase $500 million in value-add office product over the next two years, and they have already made their first two buys in California.

Transwestern's national managing director of consulting services, Adam Stoltz, explains how strategic use of building data can help increase real estate value.

“The seller felt the sale came at the right time due to the relatively low interest rate environment and strong demand for investment properties in Hoboken,” says Kislak's Scott Davidovic.

Peloton evaluated four different US markets and found that the Dallas area offered the most attractive options and a CBRE survey revealed that Dallas was in the number two spot as favored by investors.

The riverfront site, a possible home for Amazon, will have multiple entertainment venues and a year-round calendar of events.

The project is an integral part of Hackensack's Rehabilitation Plan, a long-term redevelopment plan developed by city officials, local business leaders, and real estate professionals to attract smart, long-term growth to the city.

“The offering at AFC with the newly available space provides an opportunity to enhance the overall property ecosystem while ensuring seamless operations efficiently and fiscally,” says Transwestern's Greg Frankum.

Some of the trends include a dip in the NAI Partners sublease index, an industrial market with a 5.5% or lower vacancy rate for more than six years, and average retail asking rents at an all-time high and sub-6% vacancy.