Currently, there is a brief pause in site acquisitions, but the trend for more medical tenants looking for opportunities to re-position previous outparcel locations should continue.
Manhattan office leasing experienced a healthy start to the year in January and February with a drop in availability and rise in rents. However, that was soon over when coronavirus arrived in March.
Student housing investor Fred Pierce remains bullish on student housing, and expects the market will return to pre-virus levels once the pandemic subsides.
It is impossible to know the depths of the current recession, but there is a plausible scenario that class-B and class-C apartments could see increased demand.
The COVID-19 global pandemic continues to cause mass commercial real estate vacancies throughout the US. Many buildings were ordered closed with limited…
The nine-acre property at 3130 Route 10 was sold by Denville Commons Associates LP. Cushman & Wakefield represented the seller and procured the buyer in the transaction.
Phase 1 of Legacy Square was completed in late 2019 with the opening of a 185,000/-square-foot Walmart Supercenter and seven finished pad sites. Phase two is now under construction and will open in early 2021.