We need to build more affordable units and the fastest, most economic way to do that is to subsidize development through the Low Income Housing Tax Credit program.
Newmark Knight Frank arranged the $44.3 million floating-rate loan for Miami City Self Storage to refinance three self-storage facilities in Southern Florida
IIP entered into a long-term, triple-net lease agreement with a subsidiary of Parallel, which intends to continue to operate the property as a regulated medical cannabis cultivation and processing facility.
The 345,000-square-foot mixed-use development is on track to open in the first half of 2020 and developer Andrew Hellinger answered some questions about the project's path to market.
"Since we have the building topped out and 95 percent of the glass is up, during the last couple of weeks, we have done a lot more tours and activity has picked up."