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"The dynamic of muted wage growth in the low-to-medium skill jobs and a growing middle-class renter cohort leads us to invest in the space that has the highest demand with little to no new supply,” says M. Patrick Carroll, chief executive officer of Carroll Organization.
Lawyer says he has known Transwestern's leadership for many years and been impressed by its commitment to excellence, integrity and shared purpose, along with providing sound advice to clients.
Long-term success will require close partnership among businesses, nonprofits, philanthropists, and local, state and federal government to rebuild in a more resilient way in preparation for future extreme weather.
BP Lower 48 plans to relocate later this year to the first office property back in service post-Harvey, West Memorial Place, and will occupy three floors of space formerly leased by IHI E&C in West Memorial Place II.
Specifically, Transwestern Commercial and Devencore will work together on cross-border occupier, agency and capital market opportunities, and will also provide research, marketing and consulting support for existing and future clients.
At the city level, Dallas and Fort Worth are two of the six cities that had nothing but high-end apartments in 2017, and all new apartments are luxury-grade in the first half of 2018.
Avenue has been recognized by ULI for two affordable communities in its development portfolio–Avenue Place, a 95-unit single-family subdivision, and Avenue Terrace, a 192-unit multifamily complex.
The new platform— Logistics Property Company, LLC— has partnered with Macquarie Capital Real Estate Investments on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years.