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The former Corrigan Tower was transformed from a midcentury office building to a 150-unit class-A multifamily building with ground-floor retail and a rooftop pool, now called 1900 Pacific Residences.
In this EXCLUSIVE, CCIM's Conway discusses assessing communities' needs for reuse especially in areas with land scarcity in conjunction with his report, "Adaptive Reuse: Turning Blight into Bright".
The downtown Fort Worth market is strong and now that the Petroleum Building is part of Sundance Square's portfolio, the demand for this property will also be high, given that no new construction began in Q2.
Among the nation's largest metros, Houston ranks first nationally when it comes to the net change in renters with children–an increase of 107,000 households between 2006 and 2016, a surge of 41%.
Successful retailer operators are focusing on experiences, both in-store and within the overall retail center, such as The Hill, which has enlisted five local artists to bring unique art to the shopping district.
The Vickery Meadow submarket has had many old multifamily assets razed for the construction of new buildings and one recent example was the purchase of North Park Terrace which will be a new school.
This is the industry's first and largest securitization backed exclusively by commercial property-assessed clean energy/C-PACE and was issued for 82 US properties (pursuant to rule 144A of the Securities Act of 1933).