Economy

LOS ANGELES—“The changing velocity and pattern of tech job creation has uniquely impacted office markets,” says Colin Yasukochi, director of research and analysis for CBRE Group.

JERSEY CITY, NJ—The firm anticipates 2016 dispositions to total approximately $730 million, consisting of 27 office buildings totaling 4.5 million square feet and one residential building with a GAAP NOI yield of approximately 5.5% overall.

LOS ANGELES—Expert sources at RealShare Apartments discuss fundamentals, demographics, wage growth, affordability, and what they see as reasons for caution.

SAN DIEGO—The US economy is sailing and should continue to do so, but the historically prolonged CRE boom strongly signals a cyclical downturn ahead, according to most panelists and speakers at the recent Trigild Lender Conference here.

CHICAGO—The enthusiasm shown by attendees to ICSC's annual conference here has been growing every year, and now it may have matched the events held before the recession.  

SAN DIEGO—Synergies between the two regions in terms of cap rates and apartment-building size make San Diego the logical place for ABI Multifamily to expand its services, two of the firm's top executives tell GlobeSt.com <b>EXCLUSIVELY</b>.

EAST RUTHERFORD, NJ—More than 80% of the 1.5 million square feet absorbed in the third quarter was recorded in the state's class A office market as companies sought this high-end space for their operations.

CHICAGO—The I-80 East Corridor and South Chicago were the big winners in the third quarter. Net absorption in the latter jumped 484% year-over-year.