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Yardi Matrix: Price of Paradise Jumps in the OC
A rising population and healthy economy create demand, while supply growth is tepid, which has pushed rents high and vacancies low.
Hines REIT Wraps Up $1.2B Office Sale to Blackstone
With the sale of the 3 million-square-foot portfolio, the trust’s liquidation process is nearing its end.
Grocery-Anchored Portfolio Trades for $218M
Clarion Partners bought the 11 properties from California-based Loja Real Estate.
Erie Insurance Plans New $135M Office Building
The 346,000-square-foot property will be developed by Albert Kahn Associates and PJ Dick and is slated for completion in 2020.
Yardi Matrix: Seattle, Investor’s Paradise
Occupier and investor demand show no signs of slipping, which has led rents to continue to grow above the national average.
Microsoft Mushrooms in Mecklenburg County
The tech giant is increasing the size of its data center campus in Boydton, Va., with a $251.6 million investment.
UPS to Build 250-Acre Atlanta Distribution Facility
The company has signed a lease with Majestic Realty Co. to build its largest-yet distribution facility at Charlie Brown Airport.
Culver City Office Complex Lands New Tenant
Olive Hill Group has signed a top market research firm as the latest tenant for one of its office assets near Los Angeles.
Oceanfront Hotel Re-Opens on Hawaii’s Hilo Bay
The Grand Naniloa Hotel Hilo – a DoubleTree by Hilton features 320 guest rooms and recently underwent a $30 million renovation.
Yardi Matrix: Houston Hits the Brakes
Traditionally an energy-driven market, Houston is trying to reshape its economy as the drop in oil prices has decimated job growth in some segments and put a damper on the housing market.