Varden Capital Partners repositioned the assets following a bulk purchase, and made healthy profits for investors while leaving a great value-add path ahead for Blue Rock, says Cushman & Wakefield's Tyler Averitt.
Cultivate is a new brokerage firm that will partner with owners and developers to curate a dining experience in office, multifamily and hotel properties.
With asking rents for this apartment submarket expected to advance upward of 6% over the next couple of years, the timing looks good for selling the highest concentration of for-sale stabilized assets in Hudson County ever to come to market, says Gebroe-Hammer's Nicholas Nicolaou.
“The property's strategic location provides Atlanta's best overall access to the major employment centers of Buckhead, Midtown, Downtown and Cumberland/Galleria,” says CBRE's Kevin Geiger,
The main driver for increased activity in secondary markets in 2017 was net lease office assets, says Jason Dewitt, SVP of JLL Capital Market, Net Lease in this <b>EXCLUSIVE</b> Q&A on the subject.
Historically, San Francisco has had the highest rental rates in the country, and two opposing ballot measures threaten to increase average annual rates for office space by $1.25 to $2.50 if passed today.