Globest Sectors

“Buyers are attracted to new construction and gut-renovated properties when there is a PILOT program in place, and this property had a 30-year PILOT program in place already,” says Kislak's Joni Sweetwood.

We have our two candidates for the governor's seat. David Waite fills us in on how the candidates stack up on the housing issues in Los Angeles.

The large concentration of tech workers is likely to continue supporting the rental market across the Atlanta metro area.

Although property owners may be inclined to jump at the opportunity to boost their revenues, owners should fully understand all of the deal terms and the potential risks of entering into these kinds of arrangements, he stressed.

The sale of Parkway Center, a two-story 71,742-square-foot office building that is 100% occupied, may pave the way for a potential redevelopment to multifamily, say sources close to the transaction.

Strong long-term average growth and increased volume of deals is fueling increased lender interest in the San Diego industrial market, says Kevin Pleasant of Chase.

Developer Scott Barone says the acquisition is a weather vane for development needs in Jamaica.

CBRE's analysis found rent spreads of 26% in Houston and Dallas/Fort Worth, confirming the current market for industrial and logistics real estate has growth remaining.