A rapid drop in new apartment starts is expected to constrain supply in the coming years, making existing properties a more appealing investment.
Trammell Crow expects the project to deliver in 2026 and generate $400K in annual taxes.
Tax-exempt groups across the country are increasingly looking to buy commercial properties as prices have fallen.
The small Miami shopping district has the fastest rent growth in the country, propelling it to among the most expensive retail corridors in the country.
Allen Morris will break ground on the second phase in partnership with Atlanta-based Animal.
SEPTA's $3.3M purchase of Galdo's Catering, the $12M sale of a 108-unit Vineland apartment complex, and more highlight this week's deal sheet.
The biggest sales, developments, leases and other tidbits from Atlanta's commercial real estate scene.
Denver Deal Sheet: Major property sales, new hires, and construction updates shaping the Denver market.
But the optimism could be dashed if the Fed holds rates again in September, one analyst said.
A 230-unit apartment complex sold to the highest bidder for $21.5M, while The Carriage House student housing complex in University City went for $22.5M.
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