News
Steady San Diego
Rents were up 4.8 percent in the year ending in March, continuing to outperform the national average, Yardi Matrix data shows. And at 96.8 percent, the metro’s occupancy rate is one of the highest in the country.
Lyndra Moves HQ, Signs 14 KSF Boston-Area Lease
The health care company moved to the newly refurbished 65 Grove St. in Watertown, Mass., minutes away from its former headquarters at 134 Coolidge Ave. NGKF and Commonwealth Standard Realty brokered the lease.
JLL Closes Tampa Industrial Sale
The sale comes just after a lease JLL secured at the property brought the state-of-the-art, cross-dock facility to full occupancy.
Slate to Acquire $53M NC Retail Asset
The owner and operator of U.S. grocery-anchored real estate inked a binding agreement to purchase Mooresville Consumer Square, a 579,391-square-foot retail property in Iredell County.
National Fitness Partners Doubles NC Footprint
GNT Holdings sold 12 Planet Fitness clubs operating in Charlotte to National Fitness Partners, which is backed by Argonne Capital Group.
Marco Beach Ocean Resort Awarded Two-Palm Rating
The resort was originally certified as a Florida Green Lodge in 2010 and has received the triennial designation since.
Upcoming $4B Resorts World Las Vegas Taps President
Edward Farrell who has more than 30 years of experience in the casino industry will oversee all developed activity on the Las Vegas Strip site that is expected to open in 2020.
Investment
The industrial sector had the smallest price per square foot, at $81,000, but increased by 4 percent over the first quarter of 2016.
Employment Picture
Year-over-year, the largest difference for employment was once again in the Farming, Fishing and Forestry occupations, with a rise of 10 percent.
CMBS Delinquencies
Retail properties had the largest decline, at $932 million, while office decreased by $805 million.