There are two strategies: occupy temporary space and determine the long-term outlook of the office before acting on something more permanent or identify a permanent solution immediately.
A phasing out of the state's dog racing will open up hundreds of acres to other development but two other voter-approved amendments may have more far-reaching affects.
The Bellwether sale provides a further testament to the strength of the Seattle apartment market, with its nation-leading job growth attracting young professionals, and many multifamily investment opportunities.
One of the scarce available properties is available no more, with Dermody Properties acquiring a 390,800-square-foot distribution space at Hacienda Business Park including excess land for future expansion.
“I think this program is going to force capital that's been sitting on the sidelines to act and to get invested in some of the communities that need it the most across the country,” says Lindsay Sparacino, managing director of EJF Capital.
High-quality infill remains in high demand by investors, causing average rent to blow by the $6 per-square-foot threshold, says Transwestern's third-quarter industrial outlook showing rent growth across nearly every market tracked.