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SAN DIEGO—San Diego, Orange County, Los Angeles, San Francisco and Silicon Valley are similar in many ways, but each has its unique traits. GlobeSt.com speaks with JLL executives in each region to get their take on the market.
BRISBANE, CA—Medical office and outpatient operations remain on trend with leaving traditional hospitals in lieu of medical office space, resulting in a large share of leasing activity in more class-A buildings than in the past.
CHICAGO—With 10-year maturities of 2007-vintage loans in the offing, Morningstar predicts that as little as 50% of the CMBS coming due this year will be able to refinance.
SAN DIEGO—Panelists at NMHC's Apartment Strategies Outlook Conference take a market-by-market examination of conditions, including a discussion of rent growth and vacancy variation by geography and class type.
HOUSTON—The fourth quarter's negative net absorption of 125,349 square feet of office space is still far less than the negative net absorption of almost 800,000 square feet in the third quarter, says JLL.
PLANO, TX—When completed, Heritage Creekside will include up to 1,300 multifamily units, several hundred single-family townhouses and homes, retail and a corporate office campus with up to 2.5 million square feet.
NEW YORK CITY—Blake Okland will identify and execute strategic initiatives nationwide and also lead business development for the investment advisory firm.