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San Diego Commercial Real Estate Wrap-Up – April 2020
Office property trades for $15 million. Med-tech firm leases Carlsbad building. Check out our April selection of San Diego must-knows.
Moody’s Forecasts Sharp Drop in Retail Rents
Reflecting first-quarter data, retail will be the hardest-hit commercial real estate sector, with a projected decline of 11 percent in effective rent by year’s end.
Industrial Real Estate’s Positive Prognosis
Increased online shopping should continue after the pandemic and that’s good news for warehouse and distribution real estate in the long term.
Divaris to Lease, Manage 1.3 MSF Virginia Portfolio
The 22-property portfolio, spread across three cities, has an average occupancy of 91 percent.
Pacific Retail to Manage North Raleigh Mall
The company has also partnered with The Maley Co. to handle leasing at the property.
NAI Partners Signs Full-Building Tenant in Houston
Partner Jason Whittington acted on behalf of the tenant, while Madison Marquette Executive Vice President Brad Sinclair represented the owners of the roughly 47,000-square-foot building.
Dart Interests Inks San Diego Full-Building Lease
The 200,000-square-foot life sciences property underwent a $50 million renovation in 2014.
Transwestern to Lease Atlanta MOB Portfolio
The owner invested $12 million in the three-building, 370,000-square-foot property located within the Emory St. Joseph’s Hospital campus.
Coronavirus Puts Detroit Office Market to the Test
Colliers Senior Vice President Patrich Jett provides a detailed analysis of the metro’s recent evolution and discusses how the first month of lockdown impacted the market.
HSA Signs Tenant at Indianapolis Industrial Park
American Residental Services plans to occupy 20,439 square feet within the 55-acre industrial park in September.