Southeast

As vacancies decrease, rents rapidly increase in these select cities.

The EDEN Crystal Lake project in Port Orange, which a spokesman for the development team told Globest.com is valued at approximately $47 million, is expected to break ground in June.

Colliers states that it will add development services team members in Orlando, Tampa Bay and Jacksonville, as well as bring in additional personnel to its South Florida operation.

Industrial properties show continued strong demand as the 1.4 million square feet of space in the portfolio is 100% leased.

“The recent pickup in the annual pace of apartment production has brought new supply roughly in line with demand, at least nationally,” says Caitlin Walter, Vice President of Research.

The brokerage firm expects that these Defense Department contractors will lead to strong leasing interest along the 82.8 million-square-foot Toll Road to Crystal City corridor.

“The goal of our dedicated team of MHC originators and underwriters is very simple: deliver the best loan terms with VIP customer service,” says Chad Thomas Hagwood, Hunt Real Estate Capital MHC Production Head.

The move comes after Norges decided to scale back its real estate push and focus more on buying stakes in listed real estate companies.