Banks provided 71 percent of all construction financing in 2017, according to data from RCA. Regional and local banks continue to gain market share and had the largest market share last year—33 percent of the construction loans made in 2017. Smaller banks continue to make most of the multifamily construction loans under $30 million.
Read MoreCompetition for tenants in markets with an oversupply problem is pushing concessions higher, according to a first quarter 2018 JLL office report, which noted that while office rents grew overall by 1.6 percent in the first quarter, rent gains were outstripped by tenant concession packages. Allowances for tenant improvements (TIs) rose 3.5 percent in the first quarter to an average of $75 per sq. ft. That figure was even higher in markets where there is a lot of competition for tenants—up to $150 per sq. ft. for trophy properties.
Read MoreAs downtown continues its creative office and residential revitalization, especially in the nearby growing Arts District, Row DTLA is seen by some as the missing retail piece for the area to truly create an urban live, work, play and shop destination.
Read MoreDescribed as a members club for businesses, No.18 will offer a range of curated, flexible workspace options in an upscale, sophisticated environment. No18 members will have access to a members lounge, premium private offices and dedicated desks. All members will be able to take advantage of the concierge-level services, fully equipped meeting rooms, and a luxe event area to host meetings and gatherings.
Read MoreMedMen, which entered New York's highly regulated medical market by acquiring the licensed company Bloomfield Industries last year, is not the first to open a dispensary in a highly trafficked part of Manhattan. But it is the most vocal about its ambitions to sell to a nonmedical market once cannabis is legalized for adult use.
Read More(Bloomberg)—Federal Reserve officials leaned toward a slightly faster pace of policy tightening at their March meeting as their growth outlook and confidence in hitting their inflation target strengthened, according to minutes of the gathering released Wednesday.
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