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There has been a burst in demand for well-located transit-oriented suburban sites in markets such as Rohnert Park, Petaluma and the North Bay Area in general, including a fully entitled development site that recently sold.
Cabot Properties purchased the four-building portfolio, which was 100% leased at the time of sale to a diverse range of tenants including Bass Computers, from EastGroup Properties for $33 million.
Dallas is one of the five cities showing the greatest promise as a buy opportunity for office investors, boosted by growing population and strong employment, keeping rents high even as supply additions loom, says Ten-X.
“The world is transitioning into a more distributed, automated and digital economy, which impacts how occupiers conduct business and think about their workplaces,” says Mark E. Rose at Avison Young.
Double-digit drops in both groundbreakings and permitting for apartment properties brought these metrics down overall, according to federal data released Wednesday.
The properties will continue to be operated by a venture of Kayne Anderson and MB Real Estate Healthcare, which acquired them as part of 10 million square feet of medical office investments over the past four years.
The old adage about rising tides lifting all boats applies to the current cycle in both single- and multifamily housing segments, according to Institutional Property Advisors' August Research Brief.