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Occupiers are continuing to demand high-quality office space as evidenced by a total of 2.1 million square feet of class-A leasing activity in first quarter, accounting for 69.6% of all leasing for the quarter.

The first quarter of 2019 picked up where 2018 left off, with significant positive absorption, asking rents staying in line with expectations, and construction continuing at a record pace, according to a JLL report.

The new 550-unit 3200 East Foothill project in Pasadena is targeting a residents looking for walkability.

The development plan calls for a total of 303 units that will consist of a mix of one- two- and three-bedroom apartments. A total of 19 units would be affordable to those making 60% of average median income.

CNL Healthcare Properties was the seller of the four inpatient rehabilitation facilities.

In connection with the deal, Vornado also reports that Haim Chera, 50, has left the family-owned Crown Acquisitions to join Vornado as its EVP- head of retail.

With first-quarter gross domestic product figures due April 26, the surprisingly strong retail report spurred economists to further increase projections.

The offering provides “an open canvas to developers for a multi-year phased development plan with a goal to jumpstart and stimulate redevelopment in the city's Urban Core,” the city states.