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SAN JOSE, CA-Employment is still dropping and vacancy is still rising in the San Jose area, according to a second quarter market report by the tenant rep firm CRESA Partners San Jose.
COLTON, CA-A buyer from Los Angeles uses 1031 Exchange capital to acquire the fully occupied Casa Mediterrania from a Southern California-based seller. The sale closes at a 7.2% cap rate, generating rents from $420 to $990 per month.
GARDEN CITY, NY-Holliday Fenoglio Fowler has secured a $23 million loan for a 200,000-sf office and retail property in a highly-trafficked area of this New York City suburb.
LONDON-The Confederation of British Industry (CBI) is backing the Government on its decision to go ahead with the capital's Crossrail scheme, but it is worried about how it will be funded
METROPOLITAN WASHINGTON, DC-Retail property investors are like bees to honey in the region, and South Carolina's Edens & Avant proves the theory by taking a big bite out of the market with its recent purchase of seven grocery store-anchored shopping centers totaling over 650,000 sf.
TEANECK, NJ-Demand for space is slowly eating away at the supply of space, and both investors and users are "fighting over anything which might be for sale," according to Colliers Houston.
ORLANDO-A second-quarter analysis by the local office of Cushman & Wakefield puts the overall vacancy level in the 87.2 million-sf inventory at 11.5% and spots a new niche corridor developing along the Eastern Beltway and the Western Beltway.
CHICAGO-A 57.1-acre area between 103rd and 108th streets, Cottage Grove and Maryland avenues could see a boost if the city's goal of redeveloping 81 properties is realized
DENVER-The word on the street is that Equity Office is interested in a Downtown acquistion that would increase its local portfolio by more than 10%. Equity declined to comment.