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IRVINE, CA—The high amount of class-B office absorption during the quarter was simply due to class-A rents increasing to a level where companies were not comfortable paying the rates, JLL's Curtis Ellmore tells GlobeSt.com.
BOSTON—The industrial market segments—warehouse, manufacturing and flex—are on extended runs of positive absorption. For example, the warehouse market, which posted 147,000 square feet of positive absorption in the fourth quarter of last year, has now seen 18 straight quarters of positive absorption.
CARTERET, NJ—Built in 1984, the property offers 24-foot ceiling heights, 48 feet by 41 feet column spacing, ESFR sprinklers, 58 tailboards and two drive-in doors for loading, and 139 surfaces spaces for parking.
SAN FRANCISCO—The retail drug industry is undergoing consolidation, however, with creative repurposing, the closures can often create opportunities for higher and better uses that are more congruent with today's retail market, says retail expert James Chung in this <b>EXCLUSIVE</b>.
SAN DIEGO—Reno has added more than 33,000 new jobs since 2011 and has recruited more than 100 businesses to relocate or expand in the Reno market, making it poised to really outperform the national averages, Capstone's Alex Zikakis tells GlobeSt.com.
CHATTANOOGA, TN—Stephen Lebowitz, the REIT's CEO, says the deal with Sears affords the opportunity "to redevelop prime real estate and attract exciting new uses at some of our best shopping centers."