Absorption rate gains were concentrated in distribution properties located in core markets such as Dallas/Fort Worth, which also had some of the highest number of rooms under construction at 7,047.
Trinity Groves is a multiphase redevelopment effort of a former warehouse and light-industrial site (credit: ULI).DALLAS—Property fundamentals are expected to remain positive in 2018, which should support underlying collateral performance. However, rental growth is exhibiting signs of deceleration, particularly in markets where excess supply has come on line, says a report by Kroll Bond Rating Agency Inc.
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
Steven Hash will serve as independent chairman of the board while the company hires a new CEO.
Event Coverage
Panelists at yesterday's Multifamily Forum agreed Chicago was in a good position to withstand any upcoming correction.
News
Forward-looking developers are converting empty big boxes into creative office use -- and we are trying to get ahead of the curve and take down those spaces quickly, says The Yard co-founder Richard Beyda.
In part three of our four part series talking to a few of the strong, smart and ambitious women at JLL, we learn how they are finding balance in a 24-7 industry.
