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Sunnyvale Park Place asks $140M for 435K SF property, 60% occupied.
But the new inflation numbers could mean no interest rate cut until after the first quarter.
Rising insurance costs have created a burden for everyone in the CRE value chain. But some existing tools can help.
There's been plenty to be pessimistic about, but there is a chance of coming improvement.
Some cities such as New York, though, are showing progress.
Being near a college town certainly helps, according to RealPage.
The NRF cautioned that tighter credit conditions and higher borrowing costs remain a threat in 2024
NIC reported that 2023 ends with a 2.4 percentage point annual increase.
The Canadian firm Hennick & Co. acquired the property.
Median rent ticks up to $4,050 in December, first increase since August peak.