12/30/2023 0 Comments Gid development boston![]() Plans also call for an internal street grid, an emphasis on transit-connectedness, and an open-container policy for the full district. High Street’s initial phase will include 150,000 square feet of retail and restaurants, roughly 600 luxury apartments, 90,000 square feet of loft offices, and 222,000 square feet of existing office space, officials announced today. Located where Perimeter Center Parkway meets Hammond Drive, near the Dunwoody MARTA station, High Street is being put together by national real estate developer GID after years of delays and the exit of former partners North American Properties. GID Real Estate Boston, MA 4632 followers A leading real estate investor, operator, developer, and fiduciary with a 60+ year history Follow View all 318. location at The Interlock in Atlanta’s West Midtown in April. GID's commitment to the multifamily sector spans 6 decades and the company has the resources to sustain strong, stable growth for decades more. It is not only the foundation of who we are it is the future of who we are. Puttshack’s Perimeter location will span more than 26,000 square feet and follow the successful launch of the brand’s first U.S. GID at 125 High Street, High Street Tower, Suite 2700 Boston, MA 02110. GID is a vertically-integrated real estate developer, investor and operator. Puttshack, a fusion of tech-focused mini golf and nightlife, was announced today as High Street’s first anchor tenant. GID Development Group plans to break ground sometime in the remaining months of 2021 on the initial phase of High Street, a $2-billion Dunwoody proposal near Perimeter Mall that would span 36 acres and cover the equivalent of 10 city blocks. Retail REITs report strong leasing demand despite inflationary pressuresĭata Dispatch: NAV Monitor: US equity REITs end July at 12.A massive, mixed-use “cosmopolitan oasis” that’s been percolating in Central Perimeter since the Great Recession appears to finally be ready for construction. The nine-building portfolio in Baltimore and Howard County, Md., and the five-building portfolio in North Las Vegas total 1.39 million square feet. * GID Investment Advisers LLC acquired two industrial portfolios in Maryland and Nevada. * Morgan Properties LLC paid $410 million for the purchase of two apartment property portfolios totaling 2,986 units across Illinois and Indiana. The building is expected for completion in the second quarter of 2024. obtained $514 million in construction financing for the first phase of its 485,000-square-foot Assembly Innovation Park tower development in Somerville, Mass. ![]() The Amazon-leased properties across Indiana, Pennsylvania, Ohio, Louisiana, North Dakota, New Mexico, Arkansas and Alabama total 6.2 million square feet and are valued at $1.3 billion. * Preylock Real Estate Holdings LLC secured a $581 million loan from Goldman Sachs for the acquisition of eight warehouses, The Real Deal reported, citing a report from Moody's. Once completed, the project will have 534,000 square feet of lab space, 20,000 square feet of retail space, 35 multi-housing units and a 12,000-square-foot public plaza. obtained a $585 million financing for the construction of its Allston LabWorks life sciences development in Boston. * A joint venture comprising King Street Properties LLC, Brookfield Asset Management Inc. ⮞ As of July 28, 14 REITs are not paying regular dividends on their common stock. reduced its dividend to reflect the loss of asset management fee revenue after the company exited its joint venture with TexMark Timber Treasury L.P. ⮞ Timber REIT CatchMark Timber Trust Inc. real estate investment trust to do so, in order to improve liquidity as it completed the financing plan for its acquisition of Mountain Industrial REIT LLC. ⮞ Industrial Logistics Properties Trust announced a dividend cut, the latest U.S. Tenants are also hesitant to commit because of uncertainty about the impact of the return to office on space planning and other reasons, according to the report.ĬHART OF THE WEEK: 5 REITs reduce dividend in 2021, 2022 The extended timeline is expected to continue due to increased available space and tenants awaiting potential additional options before completing negotiations. For leases larger than 250,000 square feet, the timeline lengthens to an additional six months. The study, which looked at new leases larger than 75,000 square feet that closed between January 2017 and June 2022, found that deals struck between April 2020 to June 2022 took 14.5% longer to close compared to deals completed from 2017 to 2019. ![]() It now takes an average 19.1 months from an office tenant entering the market to a lease deal being completed in Manhattan, N.Y., roughly three months longer than pre-pandemic, a trend that is delaying the rebound of leasing activity in the borough, according to a study by CBRE. S&P Global Market Intelligence offers our top picks of real estate news stories published throughout the week. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |