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Monday, Sheldon Adleson, a chief financial backer for the domed stadium to house the Oakland Raiders when/if the team moves to LasVegas, withdrew his support for the project. The proposed lease agreement presented Monday would have the Raiders pay just $1 a year for 30 years to rent the 65,000 seat facility.
As sellers take the upper hand in a competitive housing market, landlords are also set to end the year on a high note thanks to a steady increase in new lease effective rents during the final months of 2021. Record-high 18% same-home new lease rent growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.
More builders and investors are testing the waters of the single-family build-to-rent sector as consumers seek affordable housing options and to lease rather than buy. There are billions and billions of dollars out there to finance homes that can be leased as fast as they can be built.”. Are You Ready for Build to Rent?
John Burns Real Estate Consulting’s Single-Family Rent Index tracks 63 markets and found lease effective rates up 6% year-over-year in July, with the historical average being 3%. The SFR REITs combined portfolio is concentrated in four markets (Atlanta, Phoenix, Tampa, and LasVegas) where leasing demand has been very high.
And in LasVegas, the median lease was 5.7% Read more Build to Rent Affordability Housing Markets Affordability Riverside, CA, saw rents fall 10.9% in April versus a year ago, resulting in a median rental cost of $2,123. lower than in 2022, settling at a mere $1,509.
That’s aided by the longer-term leases developers can secure from commercial tenants. The Fremont & 9 th apartment complex in LasVegas, Nevada. This tenant improvement project was located on the ground floor of a nine-story building that also houses a hotel. Disadvantages of mixed-use development. Louis, Missouri.
—D.K. Lucy Hudson, Holly Pulliam, Kevin Cui, and Chelsea Davis Sales Team of the Year—Leasing—Gold Award The Marketing Directors New York How do you succeed when you and your marketing team colleagues are all new to one another and you’re working on a new leasing project in a neighborhood that’s not familiar to any of you?
Inspired by New Urbanism design principles, the complex will include an office building that will house the new IBM Services Center, as well as a separate, 11-story residential building with 95 river-view apartments and nine separate town homes.
Appointments are now being scheduled for ICSC’s RECon in LasVegas, May 22-25. Over the next two years, we will see a large number of high profile lease renewals as many national tenants reach the end of their 10 year leases that were established during Branson’s last major expansion in 2006 and 2007.”.
billion, first-of-its-kind collaboration housed at the CNSE’s Albany NanoTech complex. CNSE] houses the most advanced clean rooms, tools and equipment, as well as next generation tools that are still several years from making it out into industry,” said Steve Janack, CNSE vice president for marketing and communications.
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