West

The market has more hotel projects in the construction pipeline than any other market in the US.

The Southern California market had the highest number of large industrial deals in the US last year, a total of 21 transactions totaling 17.5 million square feet.

The minor decrease in rates last year will likely have little impact on overall investment volumes this year.

"Developers are applying a more rigorous project selection process to position each planned community for success."

The firm, fresh off its announcement last month that it had initiated a $12-billion investment strategy for its student housing and residential divisions, has hired real estate veteran Russell Brenner as president of the new medical office and life sciences entity.

There are no stepping stones from low-income to middle income as tenants try to progress in their lives.