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Portman could be tearing down one of the two Brookside office buildings erected in 2000.
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It's still unclear exactly how much more property owners will pay in taxes, but a spokesperson said property owners will see an average 4% increase.
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The six multifamily developments in DFW range in age from 4 years to 30 years, while the two Austin multifamily developments were built in 2015 and 2017.
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The companies that can get new projects financed now, during a lull in the pipeline, will have an advantage upon completion, multifamily executives say.
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More commercial development needed to keep up with demand in Nashville. Pinnacle is working on commercial projects to accommodate what the market needs.
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The San Francisco Board of Supervisors approved a resolution to ease the conversion of vacant commercial buildings into housing.
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More than 35 life sciences buildings remained empty in the Boston area as of Q2 as vacancy rose to all-time highs, according to Colliers.
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The Noannet Group filed plans for the redevelopment on Harvard Avenue in Allston, including a 300-person venue and 139 multifamily units.
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Major Denver CRE projects face workforce shortages, high costs and complex permitting hurdles as they push to transform key city areas into active destinations.
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As 2024 comes to an end, economists and market experts predict what 2025 will bring the commercial real estate industry.
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