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Easterly Government Properties acquired the 138,000-square foot office from Highwood Properties.
The NC-based asset manager grew its Bay Area portfolio with a 260-unit complex next to a thriving biotech hub.
This is not the 1970s.
Asking rents, however, are slowing, perhaps a sign that the Fed is ably fighting inflation.
NAHB cites labor and materials costs, lack of housing, rising interest rates among culprits.
Remote work opportunities trump return-to-office trends for home values.
Tech giant cites Covid surge, bows to pushback from workers as occupancy barometer hovers at 43%.
Money will help the flex-space company continue expansion.
VC investment in proptech startups is on pace to shatter last year's record of nearly $12B.
Things aren't necessarily as straightforward as they sound when the salesperson calls.