Orange County

While some apartment owners and developers are over-improving, IEC is concentrating on optimizing space for the current tenant rather than fashioning it after a different tenant profile's tastes, Marshall Boyd tells GlobeSt.com.

Sometimes it's cost effective to repurpose an existing structure versus starting from scratch, but it's not easy; it takes research and expertise to make sure that its done properly, KTGY's Ken Ryan tells GlobeSt.com.

Since the rebound, there has been more than 900,000 square feet converted into creative space in the Airport submarket alone and almost as much set to be delivered in OC over the next 18 months, representing a direct shrinking of the class-B inventory, NKF's George Thomson tells GlobeSt.com.

Educating tenants on increasing rental rates and forecasting pricing are two of the biggest challenges, given the volatility of the industrial market, Kidder Mathews' Brandon Rohe tells GlobeSt.com.

The improved economy, coupled with the spike in new hotel development, means we are seeing more owners invest considerable amount of dollars toward renovation and upgrades, Atlas Hospitality's Alan Reay tells GlobeSt.com.

Westcore Properties executes a multi-level value-add strategy at 999 W. Town and Country Rd. here that involves entitling and selling a parking lot for apartment development, renewing an office lease and building a dedicated parking structure.