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AUSTIN, TX—Notwithstanding the Texas capital's positive economic trend, its office vacancy rate has crept up over the past few quarters, says Colliers International.
VIRGINIA BEACH, VA—Two locally-based REITs, Wheeler Real Estate Investment Trust and Armada Hoffler Properties, have increased their portfolios with local retail real estate acquisitions.
MAYNARD, MA—IT firm Stratus Technologies is relocating its corporate headquarters to more than 100,000 square feet of space at the former Clock Tower Place development here now called Mill & Main.
MIAMI— Investors are pouring millions of dollars to buy old office and retail properties in an area public and private investment has largely ignored for decades.
ATLANTA—“ I still see plenty of opportunity for investors here, particularly in some of the emerging infill markets like East Nashville, Berry Hill, and Melrose…”
LOS ANGELES—Downtown Los Angeles condo prices are up 3% for the month of June—a 14% year-over-year increase—after seeing a decrease in April, May and June.
SAN DIEGO, CA—Southwest Value Partners buys the DoubleTree San Diego Del Mar, Pacific Coast Warehouse signs a 181,000-square-foot lease in Chino and Auction.com names a new VP in this week's wrap-up of deals.
IRVINE , CA—Price appreciation and inventory constraints continue to dictate investor strategy, according to the firm's Second Quarter Activity Report.