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The expansion of the existing P3 between Howard University and Corvias increases the scope of the arrangement to 3,009 beds, $144 million in capital raised, a total of $1.7 billion in total economic impact and $39.5 million in debt defeasance.
A tremendous amount of capital targeting value-add opportunities for well-located retail assets coupled with tenant demand made Chico Mall a sought-after opportunity and competitive bidding process.
The $120 million project developed by BET Investments will bring 402 luxury apartments, a 500-car garage and 150,000 square feet of town center shops to a 25-acre site in eastern Montgomery County.
Despite the difference in space either added or removed, Houston retail fundamentals are very strong, with occupancy at 94.6%, says a report by NAI Partners.
The newest phase of a 324-acre mixed-use project, The Realm at Castle Hills, features 80 condominiums that will begin pre-selling this month in an effort to plug the housing void in the DFW metro area.
In an EXCLUSIVE GlobeSt.com article, Gregory M. Tannor, EVP at Lee & Associates shares five points of advice for a sector where bankruptcies are continuing to make headlines.