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Energy prices have displayed a stable trading range between $40 and $50 a barrel, resulting in the Midland economy to respond in kind, specifically, with strong fundamentals in the multifamily sector.
A breakdown of the portfolio traded includes 46 buildings totaling 9.9 million square feet principally in Poland, France and Hungary and 40 buildings totaling 6.6 million square feet primarily in Seattle, Dallas and Chicago.
This strong pace of hiring has underpinned tenant demand for quality space, such as M-M Properties' signing of another law firm, Touchstone Bernays, at the Comerica Bank Tower at 1717 Main St.
A first mortgage bridge loan in the amount of $35 million provided the financing for the acquisition and renovation of both interior and exterior capital improvements of a multifamily property.
Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone's wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
With a 200-person waiting list, Preston Trace is one of only three affordable housing properties in Frisco, attracted a tremendous amount of interest from investors and ultimately sold above asking price.
For LEED Gold, Merriman Anderson implemented envelope improvements to optimize energy efficiency, and along with lighting improvements; these combined energy savings improved by more than 21.9%.
The economics are in favor of the small-box retailer, having to spend less on your lease rate means you can spend more on marketing, inventory management, customer management and of course less staffing.
The current skyscraper building boom falls short of the 80s, the country's busiest building boom by far, when skyscraper construction activity in Dallas was only surpassed by New York City, Chicago and Houston.