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When a struggling vacuum-cleaner repair shop is converted into a new, hip restaurant concept, all the surrounding tenants benefit from the influx of customers, CBRE's James Lehigh tells GlobeSt.com.
The city council recently approved a 4.6 million-square-foot expansion for Tesla, which is predicted to bring 3,100 new workers to the area and further drive demand for quality housing, namely Parc 88 less than five miles away.
McCarthy is building a new imaging room and operating rooms, an emergency department to replace the emergency room and renovating about 10 blocks of utilities on the Christus Spohn Hospital campus.
The MSA's historically high and sustained levels of both job creation and population growth make this region extraordinarily attractive to investors of multifamily properties.
Some renters are moving farther from their work to more-affordable locations or Orange County-adjacent markets where the rent discrepancy is significant, CBRE's John Montakab tells GlobeSt.com.
San Francisco-based PCCP has just formed a joint venture with TriStar Properties for the development of another class A logistics facility at the Gateway Commerce Center in Edwardsville, IL.