Leasing

When you look at the trends, "it is hard to see why multifamily wouldn't be a booming asset class," says Mike Procopio, CEO of The Procopio Companies.

Strong third quarter activity is an accurate indicator of future office leasing, the company said.

There likely won't be another spike in rents, but rent growth is likely to persist for the long-term.

Gross leasing volume approached 40 million square feet in the quarter for the first time since the onset of the pandemic.

Yaheetech signed a long-term lease agreement for the speculative industrial build located in Ontario.

Investments include $93.5 million preferred equity stake in 12-asset Southern portfolio and $89 million preferred equity stake in 21-asset Transcoastal portfolio.

Along with everyone else, net lease investors are fleeing major West Coast hubs to Phoenix.

The positive absorption is helping to chip away at the historically high availability rates.