Office

The tech industry has outgrown the Bay Area, resulting in severe labor shortages and escalating costs for people and real estate.

The RFI released on Tuesday seeks input from all individuals and organizations that have an interest in how a Green Fund may be established and operate in the state.

Demand for real estate investments remains high, with multiple sources of active capital, but cross-border investment is likely to slow in the short term and the scope will depend on how the disease evolves.

Somera Road acquired the defaulted loans on the property in October 2018, took title of the property in June 2019 and closed on majority and controlling ownership this month, replacing its prior capital partners.

Retrading is a technique used right before a closing to muscle the seller into significantly shaving the contracted sale price.

The firm currently has two locations in Auburn Hills, MI and one in Farmington Hills, MI. The company is planning a staggered move-in to begin in late 2020, with full occupancy expected by March 2021.

Cawley Partners and Rosewood Property Company are partnering to develop four class-A office buildings totaling 1 million square feet which will be developed in phases at Heritage Creekside.

The project located in a federally-designated Qualified Opportunity Zone is a public-private partnership between Habitat, Sinai Health System, Cinespace Chicago Film Studios, the Chicago Housing Authority and the city of Chicago.