Globest Sectors

Vacancies in Silicon Valley ran slightly higher in fourth quarter 2017 than national figures at 10.2% and rents in the Valley outpaced national rates at $46.92, which is 63.3% higher than the rest of the US.

The cash-and-stock deal is expected to close next week.

The Obama Administration “put a lot of money into increasing infrastructure and transportation” and investors are now flocking to the submarkets with transportation.

"We're waiting on another turn for what real estate is going to do next," the Altus Group's Charles DiRocco tells GlobeSt.cm.

Office leasing spiked in the last quarter of 2017 and was driven by a continued flight to quality, aggressive activity by non-energy tenants and some relocations from spaces affected by Hurricane Harvey.

Toyota Music Factory is a $200 million entertainment/lifestyle complex located in the Las Colinas Urban Center; the newest all-in-one entertainment and dining destination as an exclusive tenant mix.

The merger agreement, which follows CVS' plans to buy health insurer Aetna, will create “a fully integrated one-stop-shop for our customers' food, health and wellness needs,” says Albertsons CEO Bob Miller.

Rising Realty Partners turns the struggling Catalina Landing in Long Beach around after implementing an extensive property management strategy.