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Lower Manhattan's office vacancy rate has fallen to 8.9%, the lowest level since the beginning of 2013, according to a report released by the Alliance for Downtown New York.
ProGreenUS relocates its headquarters from Michigan to San Diego to do business in Mexico as both a grower and a developer of a master-planned community in Baja California, president Jan Telander tells GlobeSt.com.
“Multiple factors came into play to drive commercial mortgage investment returns in the second quarter,” says John B. Levy, co-creator of the Giliberto-Levy index.
As Sears continues to close stores and South Coast Plaza buys its Sears space, GlobeSt.com speaks to SRS Real Estate's Matt Mousavi and Patrick Luther about how they see this playing out.
Large-scale investors are forced to seek assets in the southern and eastern regions of the Valley, and gobble up the few remaining properties with plans to redevelop into higher-yield product types.
“Both West Belt Plaza and Waldwick Shopping Plaza are well-located top-performers, with a diverse tenant roster and a nice balance of consumer products and lifestyle services,” says Gebroe-Hammer's executive vice president, Greg Pine.
There's been a lot of talk about autonomous vehicles and their impact on CRE, but what should the industry do now to get ready for this disruptor? GlobeSt.com speaks with Ten-X Commercial's Eric Paulsen about how to prepare for this technological advance.