Valley River's property manager, Rob McOmie, said Eugene is the second most popular destination in the state for retailers, after Portland, but it is still considered a second tier market
9, while the City's second tier market
, the FTSE 250, which has been steadily making gains this month, reached an all time high of 12293.
Despite the local market's incredibly inflated prices, this attitude is facilitated by the FANNIE MAE guidelines for purchasing these mortgages in the second tier market
which tries to create opportunity and make the market "affordable".
The loan will finance various stages of development for the construction of an estimated 1,000 new residential units in second tier markets
Dollar international investors are able to pay more (relatively speaking) for properties which should provide additional upside in first tier and select second tier markets
Increased demand will bring more pressure on prime yields in core markets but higher yielding second tier markets
will also see more interest as investors look for new areas of buying opportunity.
The CB Richard Ellis Tri-State Investment Team specializes is the sale of investment properties in the suburban markets surrounding New York City, as well as in second tier markets
in the Eastern United States.