Office

The recently renovated property, located on the campus of the Memorial Care Saddleback Medical Center, sold for $31.3 million.

Peter Van Emburgh was instrumental in the development of the company's benchmarking tool.

The occupancy rates for law firms are 10 percentage points higher than the average.

While free rent has increased, tenant-improvement allowances have stayed steady for newly signed leases of at least 10 years in term.

Office investors are willing to meet market pricing for well-located, high-quality suburban assets leased to strong-credit tenancy.

It also plans to demolish the Hotel Pennsylvania to make way for new development.

While trips to the office are sticker because they are dictated by employer policy, leisure movement is hitting near pre-pandemic levels for the first time since July 2020.

An ongoing analysis will suggest which portions of the CMBS sector might be most influenced by office tenants swapping space instead of staying put.