San Francisco

The $950 million Nuevo is a new mixed-use community and residential project developed by SummerHill Homes featuring 868 new homes including E-States, the market's first four-story homes.

The deal caps annual rent increases at 5%, plus inflation, with a maximum of 10% per year.

The stage is now set for Hunter Storm to fulfill its vision of a transit village next to the San Jose International Airport with groundbreaking planned for fall 2019 and completion slated for 2021.

The industrial rent growth through the first two quarters of 2019 was nearly double the national average for rent appreciation at 10.7% but slightly lower than growth for 2018, an all-time historical high.

Carmel Rancho II Shopping Center, a neighborhood shopping center in Monterey County, was family owned by the Beeman Family Trust since being constructed in 1959.

Very few concessions are being offered in large markets such as Providence, Riverside/San Bernardino, Sacramento, Minneapolis/St. Paul and Boston, with discounts on only about 5% to 7% of apartments.

So says Deborah R. Phillips, Ph.D., CPM, and that's the message she'll be spreading at the IREM 2019 Global Summit in San Francisco next month.

The deal announced today calls for Hudson's Bay Co. to receive $ $75 million in cash upon the transaction's closing and a secured promissory note for $25 million payable in cash after two years.