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An estimated three out of four US renters don't have a dedicated home office space, leading a third of current apartment-seekers to seek out an extra…
MCR acquired the 725-room hotel property in a joint venture with the Island Capital Group and Three Wall Capital.
Building amenities are also crucial to attracting and retaining office tenants.
Affordable housing has always been a stable investment asset, but the pandemic has exacerbated the need and deepened the demand.
Parador is a 168-unit property built by Resmark on behalf of one of its managed funds.
The firm acquired the 52-unit property in 2015 and renovated it while preserving its historical integrity.
One Town Center is a 10-story, 191,000-square-foot office tower with 95% occupancy and strong in-place cash flow.
With 1.5 million square feet in net absorption, seven-times the square footage was taken off the market compared to the previous quarter.
NortonLifeLock sold the 445,967-square-foot fully amenitized office campus as part of a sale-leaseback transaction.
The vacancy rate in the two Northern California counties increased from 17.5% to 17.8% in the second quarter, illustrating the sluggish market activity.