CPE’s Top 5 March Posts
- Apr 02, 2018
The metro is going through a development boom, with millions of square feet of new commercial space sprouting up and thousands of residential units underway. Charlotte Chamber representatives, organizations and private developers revealed the reasons behind the city’s beehive status.
As more and more states legalize the medical and/or recreational use of marijuana, demand for cultivation/grow facilities is on the rise, spurring the repurposing of distribution and warehouse properties to accommodate the budding business.
The development at 17th, West Peachtree and Spring streets will include roughly 500,000 square feet of office space, more than 80,000 square feet of retail, 350 residential units and a 20-story hotel.
A new TH Real Estate study draws clear commercial real estate patterns in top metros and looks at leading trends nationwide.
With the closing of the transaction, Blackstone Real Estate Income Trust has added 22 million square feet of last-mile infill warehouse and distribution facilities to its holdings.
Image courtesy of MetLife Investment Managment