Author Archives

Berkadia Forecast: Southeast to Garner Bulk of Multifamily Investment, Financing Activity in 2018

AMBLER, PA. — Mortgage bankers and investment sales brokers alike expect multifamily markets in the Southeast to record more investment and financing activity than any other region in 2018. In Berkadia’s inaugural poll of nearly 150 staffers across 60 offices, the company reveals that more than one-third (36 percent) of its respondents predict the Southeast would see the most deals take place this year. “Population influx, continued job growth and significant development..

January 25, 2018

Attorney: Owners Need to Investigate Whether Possible Tax Increases from New Tax Law Can be Abated

President Trump’s Tax Cuts and Jobs Act is the first sweeping reform of the tax code in more than 30 years. Signed into law on Dec. 22, 2017, the plan drops top individual rates to 37 percent and doubles the child tax credit; it cuts income taxes, doubles the standard deduction, lessens the alternative minimum tax for individuals, and eliminates many personal exemptions, such as the state and local tax deduction, colloquially known as SALT. While Republicans and Democrats remain divided on..

January 23, 2018

Charlotte Sees New Construction, Renovations of Second-Generation Office Space

It’s impossible to ignore the ongoing boom of new commercial real estate development in downtown Charlotte. Get a glimpse of the skyline from the Interstate 277 loop and you can see the already-present structures standing tall among the handful of cranes and half-completed construction filling in the gaps. More than a dozen projects are currently underway in Center City, with more expected during the next 12 to 18 months. New and Improved Recently opened towers, like 300 South Tryon and..

January 22, 2018

Amazon Narrows Down List of Candidates for $5B HQ2 to 20 Metros

SEATTLE — Inc. (NASDAQ: AMZN) has chosen the following 20 metropolitan areas (in alphabetical order) as potential locations for HQ2, the company’s planned $5 billion second headquarters in North America: - Atlanta - Austin, Texas - Boston - Chicago - Columbus, Ohio - Dallas - Denver - Indianapolis - Los Angeles - Miami - Montgomery County, Md. - Nashville, Tenn. - Newark, N.J. - New York City - Northern Virginia - Philadelphia - Pittsburgh - Raleigh, N.C. -..

January 18, 2018

National Retail Trends of Grocery Expansion, Backfilling Vacant Stores Evident in Hampton Roads

December of this year will mark the 30th anniversary of the movie “Wall Street” and the introduction of the antihero, Gordon Gekko. In that movie, Gordon delivers the iconic “Greed is Good” speech to the shareholders of a besieged paper company. While things in the end did not turn out well for Gekko due in large part to his greed, the undertones of that speech are uncontentious: Performance and adaptation will come about when there are strong incentives to evolve. The evolutionary..

January 15, 2018

JPI Breaks Ground on 371-Unit Apartment Community in Metro Dallas

GRAPEVINE, TEXAS — JPI has begun construction on Jefferson Silverlake, a 371-unit apartment community located at State Highway 26 and Bass Pro Drive in Grapevine. Units will feature 10-foot ceilings, modern cabinetry and full-sized washers and dryers in all units. Community amenities will include a resort-style pool, Wi-Fi in common areas, concierge services and a fitness center with a yoga studio. Jefferson Silverlake will be situated near the future U.S. headquarters for Kubota Tractor and..

January 9, 2018

Trammell Crow, MetLife Sign Law Firm to 56,000 SF Lease at Park District in Dallas

DALLAS — Trammell Crow Co. and joint venture partner MetLife have signed international law firm Winston & Strawn LLP to a 56,000-square-foot lease at Park District in Uptown Dallas. Situated adjacent to Klyde Warren Park, Park District is a 916,000-square-foot mixed-use project that features a 20-story office tower and 34-story residential tower, both of which include ground-floor retail space. PwC is the anchor tenant of the office tower, dubbed PwC Tower at Park District. Upon completion..

January 9, 2018

Archway to Develop 111-Acre Mixed-Use Project in Metro Houston

HUMBLE, TEXAS — Archway Properties plans to develop Park Air 59, a 111-acre mixed-use project located along U.S. Highway 59 in Humble, roughly 20 miles northeast of Houston near George Bush International Airport. The project’s first build-to-suit is currently under construction on a 4.2-acre tract at the junction of U.S. Highway 59 and Will Clayton Parkway. Archway is developing a 65,000-square-foot, three-story medical office building for Vital Heart & Vein, a cardiology practice based in..

January 9, 2018

Bob Moore Construction Delivers 350,000 SF Distribution Center in Metro Dallas

WILMER, TEXAS — Bob Moore Construction has completed Interpoint Distribution Center, a 350,000-square-foot industrial facility located at 3800 N. Interstate 45 in Wilmer, roughly 15 miles southwest of Dallas. The developer, Houston-based Skyhawk Partners, purchased the site along with J.A. Billip Co. Other members of the project team include leasing agent Colliers International and architect Alliance Architects. The facility is situated near the Union Pacific Intermodal and near facilities..

January 9, 2018

Marcus & Millichap Brokers Sale of 26,500 SF Retail Center Near Fort Worth

CROWLEY, TEXAS — Marcus & Millichap has brokered the sale of Deer Creek Plaza, a 26,500-square-foot retail center located at 740 S. Crowley Road in Crowley, about 15 miles south of Fort Worth. Built in 2007, the shopping center was fully leased at the time of sale to tenants such as iFit Elite, Nails Plus, Diet Solutions, Bethel Management, iFit Elite Tanning, eRepair and Inspire Salon. Philip Levy and Matthew Bean of Marcus & Millichap represented the seller, a limited liability company, in..

January 9, 2018