Globest Sectors

The Richland Companies is seeing an uptick in leasing activity particularly at two properties because of recent building improvements that have all been for pre-emptive upkeep and visual enhancements.

The number of large-scale retail projects are few and far between, however supply is plentiful for value-added projects, strip center and single-tenant net lease developments with growing tenants.

The company aims to expand its National Net Lease Group, while establishing its presence in the region with its 28th office location.

Rent growth has plateaued in Los Angeles to less than half a percent, and renter migration to more affordable markets is driving the slowdown.

With $800 million in contracts expected to close quickly, the building is well on its way to a planned $1 billion sellout.

The $25 million fund will deploy low-cost capital to qualified developers and sponsors.

Gov. Wolf is proposing that up to $1 billion in grants from the Redevelopment Assistance Capital Program be used for lead and asbestos remediation in schools, a problem plaguing many of the state's aging school buildings.

Aspen Dental will occupy nearly half of the building with 197,000 square feet of office space and 8,000 square feet of retail space on West Fulton Market. Upon occupancy, the property will serve as Aspen Dental's new national headquarters.