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Consequently, high-quality retail centers possessing a significant degree of credit tenancy with strong tenant sales, such as the Dunes in Monterey Bay, are pushing cap rates into the 4.50% to 5.25% range.
More tracts, pads and outparcels are in the works for a power center, the Shops at Broad, in this rapidly growing city of Mansfield that is part of the DFW metro area.
The 21st Century Redevelopment Program will launch as a pilot program with a total of $250,000 in funding available in the form of grants of up to $50,000 per recipient.
Two years of anticipated gridlock ease fears that political or economic policy changes will derail business expansion plans, setting the stage for further job creation and modest gross GDP growth, says Transwestern.
The firm, which issued multiple significant ownership and leasing announcements at properties in Manhattan, also released today sweeping redevelopment plans for its One Madison Ave. office building next to Madison Square Park.