The lack of supply along with a healthy demand from logistics companies in El Paso are placing upward pressure on lease rates and developers with surplus industrial land are capitalizing on this phenomenon.
One exception is rents in Hayward which are at a significant discount to neighboring submarkets, and the Mark provides a relatively affordable option for residents priced out of other Bay Area cities.
The average size of apartments regardless of year built is 882 square feet, with the largest apartments in the Southeast at 975 square feet and the smallest in Seattle, with an average size of 711 square feet.
Jason Morgan, who worked at Goldman Sachs and Och-Ziff Capital before joining the family firm, says the company has closed its fourth K-Series Deal since launching its debt platform in September 2017.
NAIOP Philadelphia will focus on advocacy, education and diversity under its first woman president, Lauren Gilchrist, SVP and Senior Research Director at Jones Lang LaSalle.
The new Westchester County legislation now requires cooperative boards of directors to notify buyers within 15 days whether or not their applications for purchase are complete. Once an application is deemed complete, boards will have 60 days to accept or reject the application.
Buchanan Street Partners quick closing was critical for the borrower to maintain the timely completion of the project and meet tenant commencement dates in the fourth quarter and first quarter 2019.