Gyms, quick-service food and some big-box retailers have signed major leases from Main Line to Horsham as vacancy rates hold at 7.5% overall.
Landlords argue that significant spending on tenant improvements is no longer feasible. Others say participating in the amenities arms race is a must.
As many as 670,000 apartments could be delivered by the end of this year, many of which will be in Dallas, Phoenix and Austin.
Ranger Properties delivered The Lanes at Union Market in 2023.
High bond yields, which put pressure on cap rates after jumping to 5%, reverted to under 4% by the end of 2023.
With data center revenues up 427%, Nvidia's earnings show the AI boom will continue surge. But the development landscape could soon look very different.
The investment sales brokerage saw its earnings take a hit as 2023 drew to a close, with the slowdown fueled by a tough capital markets environment.
Alternative lenders were drawn by relative stability and a pool of borrowers needing fresh funds.
R&B Realty Group stopped making payments on a $113M mortgage in December, leading A10 Capital and Wilmington Trust to sue to force a sale.
MEAG, the asset manager for Munich Re Group, acquired the 200-unit building at 1330 Boylston St.
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