Development

Third quarter 2018 marked the lowest downtown Walnut Creek vacancy rate in more than a year as it dropped to 4.5%, and veteran retail broker John Sechser makes a break for TRI Commercial amid growing development.

The 'Future Proof Your Buildings' seminar focused on keeping commercial properties viable, desirable and compliant.

“Hyatt's departure presented a once-in-a-generation opportunity to diversify our customer community and welcome a modern array of companies across industries and sectors,” says Greg Tait, senior leasing director for Irvine Company Office Properties' Chicago portfolio.

New DFW multifamily projects are taking a long time to stabilize, using 90% occupancy as the benchmark, and some properties that delivered in 2016 or early 2017 are still working on initial lease-ups.

A long vacant retail big box in Phoenix has been redeveloped into a much-needed 115,000-square-foot industrial distribution facility.

"Our team has been integral in the successful evolution of the asset class to better meet the needs of today's customers and communities," says James E. Hanson II, president and CEO of The Hampshire Companies.