Irvine Company Selling Downtown Office Towers in San Diego
City's top office landlord lists two Broadway towers in strategic shift.
San Diego investment activity slowed in the first half of 2017, dropping to the lowest total sales volume since mid-2013. Although the second half of the year roared back, the slow down in the first half of the had a lasting impact. Despite the overall slowdown in activity, however, deal volume in the market closed 2017 above the 15-year annual average $4.7 billion 15-year annual average, according to research from Cushman & Wakefield. To find out more about the impact of the slowdown at the start of the year and expectations for 2018, we sat down with Jolanta Campion, director of research at Cushman & Wakefield, and Rick Reeder, executive managing director at the firm.
GlobeSt.com: What drove the slowdown in San Diego capital markets activity in 2017?
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City's top office landlord lists two Broadway towers in strategic shift.
Alternative sectors account for $9.9 trillion, or 37%.
More people are renting particularly in expensive cities like NYC and LA.
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