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With a slowdown in apartment deliveries during the last year as part of the recovery from Hurricane Harvey, average occupancy rate elevated amid sustained rental demand as of the second quarter.
JLL's analysis of the data center industry reveals that the US, Canada, EMEA and APAC amassed a staggering 421.2 megawatts, with the US and Canada leading absorption, up 31.9% from YOY 2017.
The $148 million sale resulted in an approximate $100 million gain for Medical Properties Trust which plans to use proceeds to make additional investments in US hospital real estate and elsewhere.
One of the most unique parts about the Understory space is the merging of the street and tunnel levels–that's something that hasn't been previously done as entries were not directly accessible from the street level.
Balfour Beatty Communities reports it will perform property management services at Ridgeland Place and will invest in a number of capital improvements at the property.
Houston industrial remains strong, both from the perspective of tenants and institutional investors, driven by job and population growth, as well as a stabilizing oil and gas sector and related industries.
The state's population growth and geographic advantages of being in the center of the Sunbelt and sharing a border with Mexico make it an obvious location for distribution networks and investor interest as a result.
While serviced offices have been around for decades, the term coworking has become a buzzword during the last 10 years with very little metro level data available yet to track historically, says NAI Partners.
With the HP campus and ABS headquarters nearing completion in October, Springwoods Village is becoming a major employment center in north Harris County, stimulating new hotel submarket activity.
Relief demands are worse a year later, due to the end of emergency assistance resources such as the hotel voucher program and emergency trailers, and while grants have resumed, more funds are needed.