Economy

NewSchool, design institute, local universities, design firms and real estate developers band together to reinvent Downtown National City with sustainable designs aimed to stimulate economic revitalization.

Multifamily sales activity has declined slightly in the Pasadena market, but experts say interest remains strong and cap rates are expected to increase next year.

Los Angeles experienced a 13% growth in tech jobs—making it among the top US markets for tech-related job growth—which helped boost office rents 11%.

The average sales price per square foot continues its march towards triple digits at $81.66 per square foot for the quarter, an increase of $26.66 per square foot from last year's third quarter number.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

“A concentrated focus on STEM in higher education has given tech companies new markets to target outside of traditional tech hubs,” says Julia Georgules at JLL.

Prospects for Bay Area real estate markets have shifted significantly, whereby San Francisco's ranking falls from 10th to 27th and Oakland goes from 14th to 20th, while San Jose jumps from 17th to eighth place.

Although recovery from Hurricanes Harvey and Irma drove much of the activity in construction and authorizations last month, it wasn't the whole story on a national basis.