Three leases, three submarkets, three different landlords. The Miami office bid is not coming from one place.
JLL
Every story on The American Developer that names JLL, 9 and counting.
Coverage
The bleeding has slowed, but a 38.6% downtown vacancy shows the recovery is a flight to quality, not a tide lifting all towers.
When buying beats building, the math bends toward existing towers, and Chicago's supply drought makes them scarce.
Land and zoning have stopped being the binding constraint. Whoever controls megawatts controls the schedule, and increasingly the site.
A vote of confidence in downtown rentals just as new supply dries up and the maturity wall forces owners to recut 2019 debt.
Office-to-resi gets the headlines, but the sharper conversion math is often in oddball assets.
Even in a soft Bay Area office market, hard-corner assets next to a trillion-dollar anchor still trade, and buyers pay for the adjacency.
One of the year's larger Edgewater multifamily financings sends a 36-story tower toward a 2028 delivery.
A new office start at the former Wade Park site signals continued momentum for suburban Dallas development despite a soft national office market.