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Kristen Smithberg
Erik Sherman
Already, the developer has made its first purchase under the fund in Tampa.
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With trades seeing discounts of up to 75%, sellers slash asking prices for prime, but empty properties.
There was a notable disparity between investors' and startups' perspectives.
Extra costs for materials will increase construction costs, margin pressures.
It’s an outlier opinion, but he makes a compelling case.
Florida rents are $172 above the national average rates, as of February.
Leasing is up 10% from the average between 2015 and 2019 in the submarket.
The commitments come from Mubadala Investment Company and CalSTRS.
Santa Monica’s solution, approval en masse in exchange for downsized projects, is the model.
GlobeSt.com Staff
Tariffs, seasonal demand, and supply constraints drive softwood prices.
Absorption is typically closely tied to new job creation.
Many developers rely on the $1.4 billion Green and Resilient Retrofit Program.
Goldman Sachs and Dalfen Industrial are the sellers.
It seems unlikely that the 1970s version will reappear, but the potential impact is still painful.
The differences within regions can be stark.
An increasing budget deficit and more expensive debt are impacting the country’s economy.
The portfolio includes over 11,000 square feet of retail space and 126 multifamily units.
The property type might not be as flashy as Class As but they can work.
Other closings, involving another 41 properties, will take place by the June quarter.
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