Originally developed in 1920, Emeryville Public Market underwent renovations in 1988 and 2017, and will consist of 167,770 square feet that is anchored by a gourmet food hall and national/regional tenants.
Even with rising interest rates, there is still room for cap-rate compression driven by projected NOI growth at the property level and the appetite for institutional investors to increase their allocation to industrial, Bixby's Aaron Hill tells GlobeSt.com.
The developer leverages a creative financing strategy to secure a $233 million cash-out refinance of two Downtown properties, GlobeSt.com learns in this EXCLUSIVE story.
In this <b>EXCLUSIVE</b> commentary, the founder and president of 1st Service Solutions describes some real-life case studies to bear in mind with springing cash management on CMBS loans.