Investors have been active in Sacramento during the last year because of low vacancy, high demand, lack of new construction and affordable developable land, resulted in a spec development spike.
Some of the major developments underway at the project include the 85% sold Paramount Miami condominium tower, which is on-track for completion in May 2019.
ASC 842 will require office lessees to recognize assets and liabilities associated with most leases, and it could encourage companies to adopt shorter lease terms.
Flexible accommodations firm Stay Alfred can market vacant units as short-term rentals to provide an authentic, upscale living experience in 30 urban downtowns, GlobeSt.com learns in this <b>EXCLUSIVE</b> .
In the largest office lease year to date, Asana will occupy the entire 265,890-square-foot office portion of 633 Folsom St., a 12-story building in South of Market.
The residential and commercial developer tapped Nichols to help it expand development of independent living, assisted living, memory care, and active adult communities.