With this promotion, DeMartino will oversee all development operations for the Greater Boston region, including land acquisitions, development, design, construction management, leasing and divestment.
The Phoenix office market recorded 1.05 million square feet of net office absorption in the first quarter with new leases accounting for 900,000 square feet.
“Value-add multifamily is still in high demand,” says Marcus & Millichap's Clarke Talone. “Buyers are willing to accept low current returns for an opportunity to improve a property and generate higher rents.”
Kylli Inc. got new financing for Burlingame Point, the 803,000-square-foot office/R&D campus slated for completion in 2020 that is fully leased to Facebook for occupancy by Oculus, Facebook's VR firm.
Listen to our exclusive interview with NAI Hanson's Michael Waters, a retail expert helping clients navigate the rules around sales of cannabinol-related products.
The investment takes advantage of "a tight submarket with limited bulk availabilities and a lean construction pipeline," says Chris Sterling, vice president at TIG.
“We believe that Makefield Crossing will become an even more compelling office destination following our planned improvements,” says Lou Merlini, vice president of asset management at Rubenstein.