Monmouth County is seeking to facilitate the growth of an emerging technology cluster at Fort Monmouth, which already houses the headquarters of three technology companies, currently employing over 1,000 people on the former Fort.
Decron plans to invest approximately $400 million in the Seattle market during the next 36 months after its recent purchase of Avana 522, a 558-unit multifamily property in Bothell for $173 million.
Medical providers place offices in suburban areas closer to where people live and work in order to reduce costs, such as a recent built-out for Texas Children's Specialty Care, part of an added care initiative.
The 1.12 million-square-foot space is located in a new building at NorCal Logistics Center, representing continued expansion of logistics supply chain infrastructure against the backdrop of steady growth in e-commerce.
Due to the housing constraints found in the Seattle market, there are many cases where developers tear down a single house and squeeze in three to four townhomes on that single lot, often with no parking.
As space availability in top tech submarkets continues to tighten, expect large tech companies to continue expanding outside their headquarters markets.
The number of renters in their early 60s jumped 84% between 2006 and 2016, and with more seniors living longer lives, this means developers have upped their games for amenities in senior living communities.