Leveraging Experience And Investor Interest, S.F. Firm Launches Second Opportunity Fund
While many of those in the industry are still figuring out the details of how opportunity zones could work for them, San Francisco-based JMA Ventures has closed its first qualified opportunity zone fund and launched a new one.
"We're certainly excited about the opportunity the platform provides," JMA Ventures President and CEO Todd Chapman said. "We're also trying to be smart and conscientious and focus on good projects."
The first opportunity fund from JMA Ventures was a single-asset fund that the company is using for a multifamily project in an up-and-coming neighborhood in downtown Phoenix. The 278-unit project, called The Battery, will be the first major multifamily project…
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San Francisco Office Market Lands Record Number Of Large Leases In 2018
San Francisco's office market continued to perform strongly in 2018 and low supply this year is expected to keep competition robust, keep prices high and drive tenants to get more creative if they want large blocks of space.
There were 21 leases for more than 100K SF in 2018, blowing past 2017's record of 18, JLL reported in data released Monday.
Demand continues to grow, driving up rental rates, but available large blocks of new development aren't set…
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Spurred By Tech, U.S. Office Fundamentals End 2018 On Strong Note
Tech-driven regional markets were key in keeping national office fundamentals strong last year, according to the latest report from Cushman & Wakefield.
Vacancy rates dropped below 10% during Q4 2018 in 29 markets — the highest number of markets below that benchmark in a decade, the report said.
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This City's No Zoning Policy Opens Retailers To A Unique Blending And Switching Of Property Types
Retailers are considering the best ways to balance in-store traffic with more pickup orders and at-home deliveries that may require a fulfillment center. This multispoke approach means having a couple of different property types in one metro, or, with the "mullet approach," even having different property types in one property.
Houston's lack of zoning presents the ideal environment for big-box retailers to figure out the perfect mix of the retail showroom or customer-facing store and distribution space, Avison Young principal Todd Mason said.
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Gymboree To File For Bankruptcy Again, Liquidate All Remaining Stores
Another national retailer is poised to disappear from shopping centers.
Children's clothing retailer Gymboree will file for bankruptcy for the second time in 18 months and close all of its remaining locations, the Wall Street Journal reports. The liquidation will…
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