Globest Sectors

99c LLC has purchased the 684,500-SF property in the downtown Seaport neighborhood, with plans to deliver a comprehensive re-use plan.

Joint-venture partners Legacy Partners and Lionstone Investments have commenced construction on the second phase of the Redmond Square Shopping Center redevelopment in Redmond, WA.

"It'll be difficult for Kroger to close these stores and hand back the real estate; it could potentially be back-filled by Walmart or Amazon," Stan Johnson Company said.

Industrial vacancy ticked up 20 basis points in the third quarter and net absorption was down 132 million square feet.

Panelists suggest 8.5% interest rates are coming and that sellers are "grieving," but still hold "most of the cards."

Some companies in biotech and pharma are likely to feel a strong pinch, and that could get passed on to real estate spending.

Hawaii's 277 hotels are each bringing in nearly $25 million in revenue per year.

Avison Young seeing tenants willing to sign large commitments for longer lease terms than they were last year.