Office

The latest deals, personnel moves and trends in the Midwest.

Perseus TDC and Four Points have begun construction on the conversion of 200 Stovall St., in Alexandria, Va., into a mixed-use building.

“With a class A office vacancy rate around 3.5 percent, the creative office space that exists in Hoboken today is highly inefficient, while the balance of the office space on the market is more corporate,” says Transwestern's Matt McDonough.

Savvy value-add players are heading to Orange County, where there are ample opportunities for office redevelopment.

The DCBID's biennial survey shows that the majority of residents in Downtown Los Angeles are young, educated and have a median annual income of $99,000.

A number of well-built and well-located properties have gotten refreshed, and investors see opportunities.

The completion of The Woodlands Waterway is an example of a commitment to a vision that started on a napkin 45 years ago, although the sketch has changed a bit during that evolution period.

As with the previous 16 buildings at HALL Park, 3201 Dallas Pkwy. was built without pre-leasing, but the building has had good leasing interest since before completion, which is attributed to its amenity offerings.