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Things aren't expected to get better anytime soon.
Plus, W&D has been hearing more chatter about potential deals involving larger portfolios.
Eastdil Secured is marketing the property.
The firm plans to target the residential and industrial sectors on the West Coast and in Texas.
Both companies have been making upgrades to the two properties.
Also, vacancies ticked up by 10 basis points.
Overall, the market looks stable.
Meanwhile, net absorption remained positive for the eighth straight month.
While vacancies were elevated, there are a couple of positives.
However, things are expected to at least improve.