Globest Sectors

Despite approximately 8,200 units in the pipeline in the Jacksonville area, including half in the highly sought-after Baymeadows and Southeast markets, the multifamily vacancy rate is expected to remain below 5% through 2019.

The Long-Island property, which is occupied by a USPS distribution facility, set a record sales price and cap rate, outside the state of California.

West Adams, the mid-city Los Angeles neighborhood below the 10-freeway, has hit a recent growth spurt.

Given Seattle’s strong hospitality market and residential development community along with WhyHotel’s relationship with Avalon Bay, it made sense to open its next location in Seattle.

The nearly 150,000-square-foot retail center in the Inland Empire sold for $31.5 million.

The strong investment activity in Mesa last quarter will likely be the catalyst for new development.

The 360,000-square-foot headquarters campus, Santana West, is developer Federal Realty’s biggest expansion at the iconic Santana Row mixed-use live-work-play property since its opening in 2002.

The new development has sold 14-times faster than other similar projects in the market.