Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
“Chris is an incredibly gifted executive with a thorough understanding of project management paired with an ability to communicate well and maintain excellent customer relations during complex construction processes,” says Thomas Ricci, managing principal and a founder of Coretrust Capital Partners.
Tech companies were the largest lessors of US office space in 2018, accounting for more than a quarter of the 311.9 million square feet of new leases, and dominating Silicon Valley at 78.1% of leased space.
A lower cost of living, higher quality of life, diverse economic make up and the state's pro-business stance have allowed Austin to remain the benefactor of significant job gains year over year, says JLL.
The fund, structured as a REIT under a 506(c) designation, is an evergreen fund focusing on 75% value-add, and 25% cash-flowing commercial real estate investments in primarily Western growth markets, including but not limited to Colorado, Utah, Texas, Arizona, New Mexico and California.
The Greenleaf Center Portfolio consists of 13 medical office buildings clustered around a high traffic intersection within the Chicago metropolitan area. The buildings total 197,385 rentable square feet and were 93% leased at the time of sale.