City lovers get a touch of green, and investors welcome Southern hospitality
Jun 8, 2015
Here are the news stories you might have missed last week:
North Jersey Media Group: Developer bets on Englewood with new office building
Bergen County, New Jersey is home to about a million people and plenty of unused office space — so why not build more? A development group out of Paramus is set to begin work on a 46,000-square-foot office building in Englewood, and the development will feature boutique space that mimics the trend of turning industrial spaces into offices. It might be the first new-construction speculative office in Bergen County in the past five years, but developers have high hopes for the region. Learn more about the project at NorthJersey.com.
Real Estate Weekly: Is Bronx the next Brooklyn?
The Bronx could be the next Brooklyn. Investors have watched real estate prices skyrocket in Manhattan and Brooklyn, and now many are turning to the lower-cost borough of the Bronx to buy low and sell high. Easy access to public transportation makes the Bronx a highly desirable market, sparking new commercial and residential development. Proponents of the Bronx revival hope that the uptick in development will attract millennials and other residents currently priced out of other boroughs. Read the latest about the Bronx CRE sector at REW-online.com.
GlobeSt.com: Pent-up demand, liquidity feeds Southeast
Real estate investors are being won over by Southern charm. The Southeast continues to show economic strength, as well as nation-leading population growth, and these two factors are making the region a real estate investment paradise. Developers are breaking ground on all sorts of CRE projects, from commercial to multifamily to live-work developments, and demand continues to remain high due to an influx of millennials and big businesses. Cities like Nashville, Charlotte, Atlanta, and Jacksonville are hot, and the future looks bright for many other Southeast markets. Visit GlobeSt.com for more about the Southeast real estate landscape.
National Real Estate Investor: Green roofs grow on multifamily buildings in major U.S. cities
City-locked green thumbs rejoice! Green rooftops are the latest trend to hit the multifamily market. City governments, tenants, and developers are pushing for green roofs on multifamily buildings. These spaces not only add curb appeal, but they also save landlords money through energy reductions and rebates. Cities love them too, as green roof policies can help reduce storm runoff and flooding. Head to NREIonline.com to learn more about green roofs.
Author: Raymond T. Cirz