The median household income in Los Angeles needs to increase 25% to afford the average rent in the city.

Net foreign investment in the DC office market fell into negative territory but JLL report author John Andril predicts foreign buyers will re-enter the market later this year.

The merger agreement includes a “go-shop” provision that allows the special committee of the board of directors of Carter Validus Mission Critical REIT to solicit and negotiate with other potential acquirers.

The total square footage of San Francisco tenants seeking space rose to 7.1 million square feet during the first quarter, surpassing the level of existing available supply by nearly 300,000 square feet, says CBRE.