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IRVINE, CA—Office owners are not going to be able to rely on rent growth, so they will need to focus on value engineering and lease structuring in order to see greater returns on their investment, New York Life's Thomas O'Hanlon tells GlobeSt.com <b>EXCLUSIVELY</b>.
LOS ANGELES—Economist Todd Buchholz says the economy is growing at a slow limp after the collapse of oil and the commodities market at the kickoff of ALIS in Downtown Los Angeles.
LAWRENCEVILLE, NJ—Prism Capital Partners has sold Princeton Pike Corporate Center in Lawrenceville to Lenox Drive Office Park, not quite three years after Prism acquired the eight-building, 800,000-square-foot, class A asset in a joint venture with Angelo, Gordon & Co.
WASHINGTON, DC—For the first three quarters of 2015, grocery-anchored property sales have exceeded any year's total since 2005, according to an industry report.
EAST RUTHERFORD, NJ—New Jersey office tenants showed a strong preference for Northern and Central New Jersey, fueling nearly 1.4 million square feet in positive absorption of class A product for 2015, says Jones Lang LaSalle's Jonathan Meisel.
BETHLEHEM, PA —Sands Investment Group's Bryant Hoover says the California firm arranged the $7.5 million sale and leaseback of two doctor-owned medical office buildings in the Lehigh Valley cities of Whitehall and Bethlehem, PA.