Globest Sectors

In April and May, the unemployment rate in Orange County was 2.6%, the lowest rate in nearly 20 years.

Renters in the region absorbed approximately 9,155 units so far this year, which was roughly three times the number of units absorbed during the first half of 2017 and which far outpaced the 6,336 apartment deliveries year-to-date.

“The Pointe at Preston Ridge fits our current strategy of investing in existing multifamily communities that can benefit from A|P's property management expertise and value add/renovation program,” says Mark Briggs, chief operating officer at Atlantic | Pacific Real Estate Group.

Some Los Angeles office submarkets are booming while others are falling behind, but overall leasing activity is trending down.

Governments and civic owners are increasingly leveraging technology to address critical infrastructure needs but construction is slow to adopt, says Bill Smith of PlanGrid in this <b>EXCLUSIVE</b>.

Some properties are being sold within two years, and this quick timing was evident with 12 apartment communities that recently sold in North Texas totaling 3,200 units valued at $275 million.

Construction is underway on a 47-story 1-million-square-foot office tower on the 800 block of Texas Avenue, the former site of the Houston Chronicle, and the building will open in late 2021.

As office tenants' needs are changing, office renovations are becoming more common.