Cousins Properties Expands Charlotte Footprint with $329M Acquisition
The price is a “meaningful discount to replacement cost.”
While the second half of 2017 posted some big wins for the San Diego market, the slow down in the first half of the year had a major impact. Yesterday, we sat down with Jolanta Campion, director of research at Cushman & Wakefield, and Rick Reeder, executive managing director at the firm to talk about the slow start to the year. Now, Campion and Reeder give us a closer look inside each individual asset class in the market and how it contributed to the overall decline of investment activity by 10%. Unsurprisingly, retail and office led the decline, while industrial led the market, followed by multifamily. Here, Campion and Reeder give us some more insight into investment activity in the San Diego market.
GlobeSt.com: Overall, what was investment sales activity like across asset classes?
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The price is a “meaningful discount to replacement cost.”
Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
A continued housing shortage is driving multifamily.
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