Globest Sectors

The Phoenix office market recorded 1.05 million square feet of net office absorption in the first quarter with new leases accounting for 900,000 square feet.

“Value-add multifamily is still in high demand,” says Marcus & Millichap's Clarke Talone. “Buyers are willing to accept low current returns for an opportunity to improve a property and generate higher rents.”

Demand may be at record levels, but limited supply is producing slow leasing activity.

Listen to our exclusive audio interview with Kevin Havens of design and delivery firm Wight & Company about how Joliet, IL, is anchoring its downtown revitalization plans to a new courthouse and court administration complex.

“The opportunity to acquire 138-plus acres in West Orange is extremely rare,” says HFF's José Cruz.

Kylli Inc. got new financing for Burlingame Point, the 803,000-square-foot office/R&D campus slated for completion in 2020 that is fully leased to Facebook for occupancy by Oculus, Facebook's VR firm.

In preparation for our GlobeSt.ADAPT: OPPORTUNITY ZONES special feature and conference, Real Estate Forum is putting a spotlight on the achievements of those who have had a hand in locating adaptive reuse solutions across the country.

“MPC II is a great example of a highly sought-after, fully occupied, on-campus outpatient facility – fully integrated into Indiana University Health's Methodist Hospital," says JLL's Mindy Berman.