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SAN DIEGO—After Qualcomm's downsizing 18 months ago left significant vacancies in the submarket, borrowers and traditional and bridge lenders are investing in Sorrento Mesa once more as a strong office area, PCCP's Ron Bonneau tells GlobeSt.com <b>EXCLUSIVELY</b>.
SAN MATEO, CA—The CA Supreme Court rendered its highly anticipated opinion, rejecting the plaintiff's threshold of a “new project” test after initial CEQA review, although Arthur Coon says there were murky aspects that may lead to further litigation in this <b>EXCLUSIVE</b>.
SOUTHERN CALIFORNIA—With not enough apartment supply to meet demand and most multifamily development going to high-end urban product, redevelopment of older suburban stock could be the answer, Resource Real Estate's Kevin Finkel tells GlobeSt.com <b>EXCLUSIVELY</b>.
EAST RUTHERFORD, NJ—The overall Q3 office vacancy rate (17.4%) was at its lowest point since year-end 2007, with Northern and Central New Jersey both having seen declines in available space since the close of 2014.
The state-of-the-art packing and cold storage facility will be located in LogistiCenter at Logan, a 5.5 million-square-foot industrial park in Logan Township owned by Dermody Properties and Great Point Investors.
NEW YORK CITY—All three attorneys head to the firm from Jones Day, where two were partners for eight years and another served in that role for nine months after working as an associate for over seven years.
PHOENIX—“The View from the Top: Let's Talk Development” was another session at the Lodging Conference held at the Arizona Biltmore this week, with pipelines, lessons learned and projects among the hot topics.
AUSTIN, TX—This new venture combines SouthStar's legacy as a community developer, marketer and operator with Hillwood Communities' expertise in the residential community development.
DALLAS—In a dense corridor of North Dallas, the retail/restaurant site was inundated with activity, and the team ultimately settled on Al Biernat's, one of Dallas' elite steakhouses with an opening slated in a year.
HOUSTON—The impact of lower oil prices on economic growth and the office sector has been mixed throughout the region, which is home to many of the world's major energy-centric cities, says Martin Woodrow of Cushman & Wakefield.