Globest Sectors

Tech spending neared $70 million in Orange County in the first quarter, and the office market is positioned to gain from the activity.

The need for more quality, class-A product is fueling value-add industrial activity in San Diego, but, like land, the opportunities are limited.

“Hudson County is among the hottest development markets, especially for multifamily properties, in the Tri-State Area,” says Kislak's Scott Davidovic.

“Silver Spring Square fits perfectly into our acquisition platform targeting dominant grocer-anchored centers throughout the East Coast,” says The Wilder Companies' Shelley Anderson.

The financing, which fully capitalizes the 59-unit project, was provided by New York City-based Madison Capital. Construction is underway, with the foundation nearly complete.

If businesses don't have to be located in the immediate Bay Area, the Central Valley is an excellent alternative for industrial space, NKF director Shawn Klein says in this <b>EXCLUSIVE</b>.

Los Angeles has the lowest industrial vacancy rate in Southern California at 2.2% and Ventura County is a close second.

The firm expects the rising economy will help housing demand outpace housing supply for the next several years.