Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The renovation will open the top six floors to the public for the first time since the building opened in 1893. Marshall Field and Co. had historically used these floors for making furniture, clothes and its executive offices.
The report states that in 2019 Dollar General alone plans to open approximately 1,000 locations, while the dollar store sector has a pipeline of approximately 24,000 new locations planned for the future.
In this <b>EXCLUSIVE</b>, TRI Pointe Group provides insight into its acquisition of Dunhill Homes and Nathan Carlisle Homes, and how it capitalizes on the Dallas and Fort Worth housing markets.
Donigan, who most recently served as the president and CEO of Sapphire Digital (formerly Vitals) of Lyndhurst, NJ, replaces John Standley, who served as CEO for the national drugstore chain for nearly nine years, effectively immediately.
Corey Lonberger, managing partner at RRA, says, “Both properties traded at sub 6.5% T-12 cap rates and north of $110,000 per unit, which shows the strength of the multi-family market at this time. With historically low interest rates, values are at all-time highs.”
While new supply is outpacing leasing activity in some markets, other regions experienced a considerable rebound in net absorption after a slow start to the year.