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LaSalle says that one reason it is rejecting Pebblebrook's offer is because there are significant price risks and uncertainties for LaSalle shareholders.
Costly government regulations include sometimes lengthy approval processes, development standards that go beyond what would ordinarily be done, changes to building codes over the past decade, and OSHA requirements.
Colliers International experts say Manhattan office leasing is going strong in the first half of the year, but seven million square feet of space will be entering the market.
“Tyler's extensive knowledge and expertise will help this team continue to be one of the top office tenant representation groups in Atlanta,” says John O'Neill, regional managing principal of Cushman & Wakefield's Atlanta office.
The joint venture purchased the 522,000-square-foot office building from PGIM Real Estate. No purchase price was disclosed. Square Mile Capital Management LLC originated the financing for the deal.
“Monmouth County remains a strong market for investment sales especially in the shore towns of Long Branch and Asbury Park,” says Kislak's Daniel Lanni.