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When fully developed, the 60-acre mixed-use development, CityPlace, will include 4 million square feet of class-A office space with 400,000 square feet of retail space, a Marriott and additional multifamily.
As the region increasingly grows, particularly in the finance industry, employment hubs become more of a focus as a way to integrate functions for efficiencies, better customer service and cost management.
Office capital is heading out of California is search for yield, but the trend has meant rising prices and strong competition in emerging markets on the Western US.
Solomon Page Group will be occupying 52,453 square feet of newly built contiguous space encompassing the entire fourth floor and will also lease a portion of the third floor of the 550,000-square-foot building.
In a review of the last 10 years of its semi-annual developer outlook survey, Allen Matkins finds a strong correlation between the outlook and outcome.
The lack of affordable housing options continues to drive working Americans out of the cities, and even out of a home as new residential construction is too little and too pricey to fill the demand gap.