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It is extremely critical to be sensitive to exit cap rates and projected price per unit values, and understand the local market and its variables, Michael Flaherty of L5 says in this <b>EXCLUSIVE</b>.
In the era of Amazon Prime, Blue Apron and Snap Kitchen, building mailrooms are getting design overhauls and enhanced amenities to keep pace with the package delivery demands of residents.
The Silverman Group is buying a 41,000-square-foot, mixed-use warehouse building from the tenant for $3.6 million and has selected JLL as the exclusive leasing agent for the property.
Growth is strong in most multifamily markets in Texas, but the cost of construction is currently outpacing rents which has to change in order for opportunities to become obvious in the larger markets.