Features

The DFW market is still stable in the New Year as buyers are looking to acquire properties and owners are still selling, with one example being Fox Creek's ownership planning to increase rents to market norms.

George Comfort & Sons' Duncan, who noted that the firm has holdings and development projects in New York City, Westchester and Fairfield County, CT, said that the city's suburbs should benefit from what he still considers will be a “very robust” New York City commercial market.

Comment letters give a sense of how developers are thinking about using the Opportunity Zones.

Despite the rising rents, vacancy rates remained stable at about 14.5%, CBRE's research says, although class A vacancy rates declined from the third quarter.

Two new retailers, Big Lots and Grocery Outlet, have been inked at Tahoma Vista Shopping Center, which PMF is revitalizing as a center where the neighborhood can gather and shop.

Avenue Center, a three-story mixed-use community complex, will feature approximately 30,500 square feet of community programing designed to meet the needs of Near Northside residents.

Fareri Associates president John Fareri tells Globest.com that the first phase of the project would involve the development of approximately 500,000 square feet of space, including an approximately 135-room hotel, biotechnology-medical and retail space.

Backed by experienced ownership and as one of the only historic office buildings in downtown Houston, Esperson presented lenders with a one-of-a-kind opportunity as lenders remain active in the market.