Globest Sectors

Seattle's tech boom shows no signs of slowing down, with companies buying entire blocks of space amid very low cap rates, yet housing is not keeping up with demand, says H. Pike Oliver of Urbanexus.

Lennar has broken ground on Tustin Legacy, a new masterplanned housing community that will bring 218 for-sale homes to Orange County's tight housing market.

“Park Place provides a rare opportunity to own in one of metro Atlanta's most exclusive and high-barrier suburbs,” says Cushman & Wakefield's Nathan Swenson.

The buyers purchased the 128,000 square-foot Queens property for almost $56 million.

Among the nation's largest metros, Houston ranks first nationally when it comes to the net change in renters with children–an increase of 107,000 households between 2006 and 2016, a surge of 41%.

Los Angeles has the fastest growing tech labor force in the country, up 12.3% in the last two years, while Orange County's tech labor force grew by 10.6% in two years.

ULI also reports that Brian Collins, head of development, Fisher Brothers, is the organization's new vice chairman. Both Kohn and Collins took on their new roles at ULI New York effective July 1.

The partnership has purchased the vacant office space in the former Gucci Building for $135 million.