Economy

Phoenix Office Absorption Highest in a Decade

Kelsi Maree Borland |

The Phoenix office market recorded 1.05 million square feet of net office absorption in the first quarter with new leases accounting for 900,000 square feet.

Industrial Leasing Slows in First Quarter

Kelsi Maree Borland |

Demand may be at record levels, but limited supply is producing slow leasing activity.

Opportunity Zone Deals Will Takeoff With New Regulations Out

Kelsi Maree Borland |

The IRS released the latest guidance on opportunity zone regulations last week, and now development activity will likely takeoff.

Event

Nominations Needed for GlobeSt.ADAPT OPPORTUNITY ZONES Awards

Natalie Dolce |

In preparation for our GlobeSt.ADAPT: OPPORTUNITY ZONES special feature and conference, Real Estate Forum is putting a spotlight on the achievements of those who have had a hand in locating adaptive reuse solutions across the country.

News

Two New Projects Break Ground in Brooklyn’s Pacific Park

Betsy Kim |

Greenland Forest City Partners and the Brodsky Organization start construction of a massive, 859-unit, mixed-income project at 18 Sixth Ave. in downtown Brooklyn.

News

South Florida Opportunity Zone Investments Strong Even Before Latest Guidelines

Lidia Dinkova |

Some South Florida developers forged ahead with OZ project planning even before the second round of regulations were issued.

Features

Simple Solutions to Mitigate L.A.’s Housing Affordability Crisis

Natalie Dolce |

GlobeSt.com chats with Paloma Realty Partners Inc. about some simple solutions to mitigate Los Angeles’ to assuage LA’s housing shortage and lack of public transit.

How Will New Rent Control Ordinances Impact Property Quality?

Kelsi Maree Borland |

Cities like Inglewood and Glendale have adopted rent control ordinances, and some experts believe owners will opt out of property improvements.

News

Sharp Decline in Personal Income Tax Revenue Fuels $3.7B Shortfall in State Collections

John Jordan |

Personal income tax receipts for the year totaled $48.1 billion, a decline of $3.4 billion, or 6.6%, from 2017-18, primarily due to a decrease in estimated payments.

News

Orlando Continues Long-Standing Lead in Job Growth

John Jordan |

The industries with the highest growth over the year in the Orlando area in March were professional and business services with 19,100 new jobs and leisure and hospitality with 10,100 new jobs.