Globest Sectors

Nearly 40% of the office deals with a coworking component achieved values greater than the average for their market, a CBRE study found.

Burlingame Point, an approximately 803,000-square-foot office campus currently under construction, has finalized an agreement with Facebook to lease the entire project.

Retail was a popular asset for 1031 exchanges last year, with most retail trade buyers coming from a multifamily asset.

“This is a stabilized office investment property with zero vacancy, occupied by strong credit tenants with long-term leases,” says John Abuja, IPA senior director.

The industry has been slow to adopt disruptive technologies and construction productivity has become stagnant but a change is beginning to take place.

“Although the financial markets were highly unpredictable, commercial real estate performed the way it has for most of the past several years – with steady growth supported by strong fundamentals,” says Jason Wolf, founder and managing principal of WCRE.

Strong job and population growth is rapidly driving the Inland Empire to the top of the list for workforce housing investment.

The acquisition continues "our strategy to acquire and hold high-demand industrial properties in the region,” says Peter Corcoran, vice president of leasing and development for Liberty's New Jersey office.