Leasing

Rebranded as The Department Building, the property will offer 48,000 square feet of modern creative office space with historic design features.

The developer is planning a six-story building near Manhattan's East Side "Hospital Row."

This was an off-market transaction from a seller also occupying the building at 3689 Industrial Blvd. but it was not the right fit, thus facilitating the opportunity for Bendetti Company to acquire the asset.

“This sale represented a rare opportunity to purchase a new single-tenant, triple-net Walmart with stable income stream with increases,” says Ed Hanley of Hanley Investment Group.

Panelists at RealShare Apartments Tuesday morning discusses disruptors in the industry like Artificial Intelligence, Prop 10 and more, noting that with the rising cost of construction, modular helps, but the problem is scale.

Alternative travel accommodations are becoming the new normal—evolving into a major segment of temporary housing.

In central Pennsylvania's I-78/I-81 corridor, the 2018 vacancy rate has been about 6.1%, and net absorption is nearly 12.5 million square feet, according to Mike Hess, SIOR, of CBRE, who chaired the panel on the state of the submarkets.

The economy may have recovered, but many shoppers instinctively seek out bargains.