“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.
Nearly two-thirds of participants in Levin Management's retail survey say it has become harder to find qualified candidates for jobs they are trying to fill, and employee pressure for higher wages and better benefits is rising.
NAI Fennelly says net absorption of Princeton, NJ, office space was 768,532 square feet in 2017, off nearly 24 percent off from growth of 1.015 million square feet in 2016.
Much of the sales activity in the New Jersey multifamily market in which Squires specializes is coming from long-term owners who are seeing values for older multifamily properties.