Retail

While retail construction is one of the most challenging deals, lenders are still open to retail construction financing in the current market.

A CBRE analysis found 24 conversion projects from California to Baltimore as retail closures yield industrial opportunities, including 810,000 square feet of potential conversions in Chicago.

Las Vegas and the Inland Empire will continue to see ample capital chasing deals in 2019, while Phoenix could start to cool off.

Business and political leaders have expressed deep concern that a long-lasting moratorium could have a dramatic impact on the billions of dollars in new development projects that are in the pipeline in the affected areas of the county that include the cities of Mount Vernon, Yonkers, New Rochelle and White Plains.

The Washington, DC-based real estate firm also announced its first tenants at the multi-building property including a deal with restaurant Texas Roadhouse and Sheetz, a convenience store and gasoline station, and a 20,000-square-foot health club.

In an exclusive audio interview, Avison Young's Philadelphia market leader David Fahey looks at some of the trends driving CRE investment in the City of Brotherly Love in 2019.