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Other steps it is taking include placing seven parcels of non-income producing land in Virginia and North Carolina on the market and closing its South Carolina office.
“This was an opportunity to acquire a fully leased building in a very tight, Exit 8A submarket that has seen significant rental rate growth in the last 24-36 months,” says Evan Lippow, vice president of investments at CenterPoint.
That was the big question when we sat down with Daniel Purdy, VP of leasing at Dart Real Estate a few weeks ago here in the Cayman Islands. The answer might surprise you.
As prices rise and interest rates creep up, buyers shift from size to convenience, eyeing townhomes and transit-oriented developments, Brandywine Homes' Dave Barisic tells GlobeSt.com.
There's a distinct supply/demand imbalance for apartment assets nationally and in the western US markets, so investors must be creative to find opportunities, Pathfinder's Mitch Siegler tells GlobeSt.com.
A 445,000-square-foot lease by Analog Devices brings the 1.7-million-square-foot Santa Clara Square to 91% leased, and comes two weeks after Hitachi Vantara announced a 222,500-square-foot lease.