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LOS ANGELES—A W. P. Carey-affiliated REIT sells a 22-property self-storage portfolio totaling 1.6 million square feet in one of the largest portfolio transactions in Southern California.
EDISON, NJ—The firm signed 74 leases in the second quarter totaling 660,373 square feet. Of these, 154,069 square feet were for new leases and 506,304 square feet were for lease renewals and other tenant retention transactions.
MCLEAN, VA—The increases in multifamily loan origination are moderating along with other fundamentals, but Freddie Mac expects growth in the sector to continue at above pre-recession levels.
SAN JOSE, CA—In Silicon Valley, it takes an hourly wage of $54 (or more than $122,000 a year) to afford the median rent of $2,825 a month on a two-bedroom apartment, according to RealFacts and Silicon Valley At Home.
IRVINE, CA—New deliveries and bearish behavior by publicly traded REITs are two of the reasons for the lower volume, but fundamentals remain strong for this sector, Ten-X's Anthony Falor tells GlobeSt.com in this <b>EXCLUSIVE</b> interview.
MOOSIC, PA—Glenmaura Corporate Center is a 353-acre premier mixed-use office, retail, entertainment, and residential lifestyle community in Northeastern Pennsylvania with two million square feet of completed and occupied office, retail, restaurant and entertainment facilities.
BOSTON—The 85-unit, six-story condominium project is being marketed to prospective buyers that are a rung below the upper crust. Construction on the development is expected to be completed by the early fall of 2017.
OTAY MESA, CA—East Otay Mesa is just about the only place where large parcels of developable land still lie in San Diego County, and it is being primed for activity with new infrastructure and the SCEDC's endorsement, Cindy Gompper-Graves tells GlobeSt.com <b>EXCLUSIVELY</b>.
HOBOKEN, NJ—The accounting firm is expected to occupy its space in the mixed-use office and retail complex in June 2017. As part of the transaction, EY will be relocating a portion of its New York City operations to Hoboken.