Retail

The 58 properties spanned 10 states, including 39 properties in Pennsylvania and seven in New Jersey.

CityPlace is a 60-acre mixed-use development that, when fully developed, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott hotel and multifamily.

Leases 35 years or longer could trigger property tax reassessments, but Gary Glick of Cox, Castle & Nicholson LLP has advice on how to avoid triggering a reassessment.

Governments and civic owners are increasingly leveraging technology to address critical infrastructure needs but construction is slow to adopt, says Bill Smith of PlanGrid in this <b>EXCLUSIVE</b>.

BTI also reports it has obtained a $12-million loan secured by the 100-acre property from Florida Community Bank. A spokesman for BTI tells Globest.com that while the 100-acre parcel is on the market for sale, BTI still could possibly be involved in the development of the property.

“We remain bullish on the current operating environment as well as the long-term fundamentals supporting grocery-anchored shopping centers, and this merger demonstrates our unwavering confidence in the asset class.”

Multifamily developers have focused a lot on the CBD, but the suburbs have seen strong rent growth.

While creative office has been the buzzword in office, but what office tenants are really after is healthy-lifestyle spaces.