Maximizing the value, improving the efficiency and maintaining the appeal of retail centers is becoming increasingly complex, says Robert Carson, Levin's executive vice president.
Polsinelli, a senior managing director and principal, and Rogovin, senior director and principal, at Eastern Consolidated, will lead the new Compass commercial division.
While the laws and regulations surrounding this specialty are new to the CRE industry, many leases and sales already in the books, such as the first cannabis hedge fund to be located at 330 Fell St.
“There are still value-add opportunities in southern New Jersey, especially compared to those in the northern part of the state where pricing is considerably higher," says Kislak senior vice president Matt Weilheimer.
The rent discount for Class A space in Crystal City vs. Class B space in Washington, DC will continue the trend of cost-conscious tenants exploring this market, according to JLL.
Cambridge Savings Bank will house its new operations center at the 2-million-square-foot Hobbs Brook Park, but will retain its corporate headquarters operations in Cambridge.