Even though commercial real estate may be at or past the peak of this real estate cycle doesn't mean the market will slow down anytime soon, says Ben Prater in this <b>EXCLUSIVE</b>.
With the majority of the CRE brokerage industry close to retirement, and the pool of traditional CRE talent constantly shrinking, it's time for the industry to be more proactive about diversity and inclusion and it is now becoming a competitive advantage.
"Cornerstone Apartments represented an opportunity to acquire a well-located asset at an attractive discount to its replacement cost," says David Nelson, Hamilton Zanze's managing director of acquisitions.
On Tax Day, 1031 exchanges may be on investors' minds, and experts at GlobeSt.com's Net Lease Event gave advice to avoid being left at the altar with these deals.
The 28,890-square-foot deal, announced by commercial brokerage firm Avison Young, is the first lease transaction signed at the more than 330,000-square-foot complex.
The total square footage of San Francisco tenants seeking space rose to 7.1 million square feet during the first quarter, surpassing the level of existing available supply by nearly 300,000 square feet, says CBRE.