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NEW YORK CITY—Institutional investors surveyed by Situs RERC view commercial real estate as "priced to perfection," says company president Kenneth Riggs.
HOUSTON–Zachry Engineering Corp., a subsidiary of Zachry Group, has signed a long-term lease for 48,500 square feet of office space on the second floor of the recently completed Westchase Park II, a class A office building located at 3600 W. Sam Houston Parkway in Houston.
NEW YORK CITY—Nearly 58% of area residents of working age (16 and older) had jobs last month—the highest level of employment on record—according to the NYS Depart. of Labor, which released some heady economic statistics on Thursday.
AUSTIN, TX—The new director of real estate for the firm's Austin office brings a background geared mainly to affordable housing and economic development.
SAN FRANCISCO–Developers are bringing new, high-end properties to market while simultaneously repositioning Class C assets, performing condo conversions and creating microunits to meet this demand, say experts at Tuesday's RealShare Bay Area.
PORTLAND, OR—Working on behalf of Mill Creek Residential Trust and its capital partner, HFF has sold the 135-unit transit-oriented property for nearly $48 million.
IRVINE, CA—The Griffin-American Healthcare REIT III made multiple investments in the second quarter that included 18 properties in the eastern and central regions.