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The firm acquired the 114-unit Bloom 24 for $34.2 million and has two additional properties under contract in the market.
"It is a big challenge," Mark Russo of Savills says about how retail companies are handling the post-holiday return season.
The total available space decreased by 7% quarter-over-quarter for the first time since the onset of the pandemic.
The firm's leasing activity, executed across various major markets, represents a 55% increase from Q4 2020.
Some industries are doubling down on office space and signing new lease deals, while others are shedding space.
With this transaction, Woodstock now owns a 100% stake in the life science and office asset.
"The pandemic has created additional complexities for commercial appraisers assigning value to office assets as uncertainty exists in the market," says Lucas Rotter, founder and CEO, of Valcre.
NMHC/Grace Hill renter preference survey sheds light on how the pandemic has affected resident behavior.
Rubicon will revitalize the 300,000-square-foot office building that is known as the Crown Jewel of Oakland.
Shifting consumer expectations have caused a revolution over the last few years. It's time for multifamily owners and operators to take notice.