Leasing

GlobeSt.com catches up with Baker Katz executives on the popularity of utilizing geofencing to assist retailers with site selection and for shopping center awareness among other things in preparation for the upcoming ICSC RECon conference later this month in Las Vegas.

Flexible offices take another new turn as two leading companies agree to share build-out costs and revenue generated from leases.

1000 Maxwell Lane will feature additional street-level retail, six stories of state-of-the-art office, and five stories of condominiums.

The metro currently reports 95.8% retail occupancy, making it the strongest market in Texas in terms of occupancy, a rate which is based on a retail market inventory of 49.5 million square feet.

Liberty announced its first quarter financial results on April 30 and noted that subsequent to quarter-end it had sold three office properties totaling approximately 74,000 square feet and 18 acres of land in Malvern, PA for $10.2 million.

The brokerage firm in its first quarter 2019 market snapshot report notes that availability and vacancy are near all-time lows and rental rates continue to increase at a 3.5%-4% annual rate.

Typically the first quarter can be on the slower side with activity picking up in the second and third quarters, which is expected this year with expectations that several large deals have already or are about to be signed.

The firm, which is comprised of three hospitals— Edward Hospital, Elmhurst Hospital and Linden Oaks Behavioral Health, will relocate to 4201 Winfield Road in November.