Office

McCormick, a long-time industrial real estate specialist based out of Irvine, CA, most recently served as SVP – national accounts for real estate development and investment firm Rockefeller Group International.

Booming healthcare and technology sectors are bolstering demand for office space throughout the market, keeping vacancy tight, with companies including Amazon and Google expanding footprints.

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Landowners in markets with underutilized land are turning to ground lease structures rather than sell.

The Valley continues to experience record-setting economic expansion with a large development boom in North San Jose, downtown San Jose and Santa Clara, and San Francisco office vacancy sits at 7%.

Highland Capital Management has finalized the purchase of the class-A 42-story office Cityplace Tower building from a joint venture partnership between Parmenter Realty Partners and Angelo, Gordon & Co.

The new organizational structure will replace the existing operations that manage CBRE's services business within its existing geographic businesses—Americas, EMEA and APAC. That structure will remain in effect for the remainder of 2018.

As part of the deal, State Street affiliates and MetLife affiliates will co-lend each loan.