Globest Sectors

Innovo Property Group has sold the 81,000-square foot warehouse to CenterPoint Properties, according to a source.

"It's a city that's changing from an older population to a younger population. ... The developer has to be patient and propose things for the well-being of the entire community," said Office America Group Founder and CEO Ricardo Hernandez.

Monthly growth in office-using employment sees the biggest monthly drop in a year, but "there's no need to hit the panic button yet," VTS says.

The lack of entry-level housing supply and rising home prices puts the multifamily rental market in control.

Investor interest in this bright corner of the retail landscape resulted in significant cap rate compression.

"While some grocers were negatively impacted by pandemic retail patterns, many possessed the brand relationship necessary to drive a strong recovery."

Savvy owner-managers are leveraging the great advances that came out of the pandemic.

In the first half of 2021, the firm has spent $445 million on six properties totaling 1,781 units.