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The multifamily market in Long Beach has grown rapidly in the last five years, and now, the tallest luxury high-rise in the market is on its way.

With job growth comes housing demand and this disparity underscores the fact that regardless of the need for housing that comes with job production, a market can't absorb product that isn't there.

Office tenants and employees are seeking extremely walkable locations with direct access to transit and amenities, and MODA Tower is precisely aligned with these proximity demands.

The $172 million purchase price reported by Real Capital Analytics ranks the sale as the second largest multifamily transaction in Atlanta metro history.

"It's a carefully calculated risk," Dranoff told GlobeSt.com in 2016. "It's just a bullseye location, you just can't get a better location."

Hines and Cousins Properties are redeveloping the 2.5-acre former site of the Hayden House in to a modern office complex for Tempe's high demand for office space.

Well, it couldn't last forever. The cannabis market is leveling off in Washington State, six  years after legalization. But as resistance slips inside the Beltway, the market could take another long hit.

Earlier this year, Ideanomics consolidated its New York City offices into approximately 10,300 square feet of leased space on the 19th floor of 55 Broadway in the Financial District of Manhattan. The company also has offices in London, Hong Kong, Beijing, and Shanghai, China.