“Cranberry Plaza offered investors solid double-digit cash-on-cash returns with upside potential in a stable market with very minimal downside risk,” says Marcus & Millichap's Michael Cebula.
A major renovation of Fielder Plaza, one of the oldest grocery-anchored retail centers in Arlington, will commence in early March in an effort to modernize the landmark center which opened in 1978.
Amazon is looking to sublet 30 floors of previously leased office space in the metro area, fueling speculation that the e-commerce giant is scaling back on its Seattle expansion.
A Glendale-based tech firm is expanding from a 40-person workforce to a 400-person workforce, and it is adopting an open office plan to accommodate the growth.
While there is concern that the co-working market will have a negative impact on direct office leasing, today, the market is helping to fuel leasing activity.