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A tremendous amount of capital targeting value-add opportunities for well-located retail assets coupled with tenant demand made Chico Mall a sought-after opportunity and competitive bidding process.
Boulder says the rise in cap rates is mainly due to investor concern about the evolving retail environment, store footprints for big box retailers and the cost associated with filling big box properties.
Commercial Cafe's study on workplace layouts found that 56% of Texans prefer private offices, with home offices in second place with 16% of the vote and co-working in third place at 9%.
The healthcare sector has seemingly recovered from a slew of major-provider layoffs in 2017, and more than 130,000 square feet of medical office space was delivered in Q4 2018, with more developments on the way.
Despite the difference in space either added or removed, Houston retail fundamentals are very strong, with occupancy at 94.6%, says a report by NAI Partners.
The newest phase of a 324-acre mixed-use project, The Realm at Castle Hills, features 80 condominiums that will begin pre-selling this month in an effort to plug the housing void in the DFW metro area.
SIOR Northern California chapter recently held its annual kick-off event and panelists addressed the challenges and opportunities in the CRE market, and when will the slowdown occur.