West

The single user trend is likely to continue as McClellan Park breaks ground on McClellan Distribution Center to fill a void in the market for high clear-height buildings that can service e-commerce tenants.

Demountable walls are often overlooked, but they can easily change the aesthetic and an office space and add flexibility to the floor plan.

More to the point, why do they even need to try?

A 12-property 455-unit multifamily portfolio with 13 ground-floor retail suites just received $113.5 million via a six-year (including extension options) floating-rate loan through an affiliate of Walton Street Capital.

The firm launches a new value-add multifamily fund with a $150 million buying capacity, but will expand into new West Coast markets and larger assets.

It is almost assured that Proposition 10 will pass, and the state of California will become a free for all with different, complex and in many jurisdictions, nonsensical rent control policies. The biggest risk for apartment owners and developers is risk of the unknown.