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Inventory continues to rise significantly this year with more than 550,000 square feet of construction delivered in the second quarter, to be followed by another half a million square feet for the balance of 2018.
The former chemical manufacturing facility will be redeveloped into a residential rental building with a number of attractive amenities, parking and retail stores.
Splunk Inc. signed a long-term lease for 301,000 square feet of office area in Federal Realty Investment Trust's 700 Santana Row, a 319,000-square-foot class-A mixed-use office and retail building in San Jose.
The low cost of living, and ability to attract and retain the Millennial workforce, and diverse industry types are a major driver for Texas Millennials in finding opportunities that best suit their skillsets.
“One of the most astute investors on the planet is buying here. That should tell you something,” says Will Silverman, the sellers' broker, in a GlobeSt.com interview.
The California State Teachers' Retirement System is reportedly joining L&L Holding Co. in buying a stake that's separate from the Normandy Real Estate Partners' interest in the former brick warehouse.