Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The substantial improvement definition could be one based on total cost expenditures or something based on the strict definition of what could must be capitalized.
The New York City metropolitan area remained the top market in the US with $28.7 billion in commercial/ multifamily construction starts, an increase of 10% after posting a 13% decline in 2017.
It is amazing to me that after such a long public process, and a big win, NYC may end up with nada, other than recognition of a city that can't get out of it's own way to promote growth.
The team will engage in a value-add strategy focused on identifying under-managed and under-capitalized assets and will seek to create value by improving management, performing incremental leasing and increasing rents via strategic capital improvements.
Lauren Gilchrist, senior vice president and senior research director, JLL, is moderating the Neighborhoods in Transition Panel at this year's GlobeSt.com Philadelphia Conference on Wednesday