Globest Sectors

It is almost assured that Proposition 10 will pass, and the state of California will become a free for all with different, complex and in many jurisdictions, nonsensical rent control policies. The biggest risk for apartment owners and developers is risk of the unknown.

The company will change its name to Office Properties Income Trust.

At 56 assets, this is the company's largest US warehouse portfolio deal to date.

Class A buildings have the amenities needed to compete, and can offer space at a cheaper price.

The need for energy efficiency and sustainability has also brought the idea of wood buildings back.

More sales are to come: Pebblebrook plans to sell between $500 million to $1 billion of hotels after the merger is complete.

“We believe Azure on the Park is a best-in-class asset with a best-in-market location,” says Glen Weisberg, executive vice president, portfolio management at ARA.

Downtown San Diego is hitting a growth spurt, but it is coming with the same growing pains of other downtown revitalizations.