Seasoned CRE Vet Joins Colliers As Executive Vice President
With over 35 years of experience, he has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
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With over 35 years of experience, he has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
The property is slated for completion in September, with tenants able to move into the property shortly thereafter.
Construction is anticipated to commence in the fourth quarter of 2023, with expected tenant occupancy beginning in the third quarter of 2026.
Apartments at the project will be reserved for income-qualifying residents aged 62 and older who earn at or below 22, 25 and 60 percent of the area median income (AMI). Monthly rents will range $374 to $1,225.
The property features four floors of office space with high ceilings and hardwood floors, set above ground floor retail.
Situated at 14 SE 4th Street, WREI and Key International plan to develop a 12-story luxury residential development that will feature a well-appointed lobby, large units with expansive views and an extensive amenity offering on the fourth and twelfth floors.
The deals are valued at over $22 million.
Senior Vice Presidents Keith R. Graves, CCIM, SIOR and Jonathan Thiel of Berger Commercial Realty played a pivotal role in negotiating and executing this transaction for Prologis.
Here are the most popular news headlines this past week on CRE-sources.
National Homebuilder D R Horton, Inc. paid $8,052,750 for a large undeveloped parcel at the former nursery and farmer’s market retail store location totaling 18.6 acres, equating to nearly $433,000 per acre.
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