Leasing

The executive managing director at the brokerage firm Lee & Associates says a shadow inventory will only increase in 2019.

Retail is changing rapidly, and landlords need to transition away from the standard lease-and-collect-rent model and invest in retailers and a branded experience.

Husch Blackwell's new location will be able to accommodate significant increases in headcount, despite occupying about 75 percent of the current office footprint.

The deal brings the Jack Resnick & Sons' office tower to 100% occupancy.

Third quarter 2018 marked the lowest downtown Walnut Creek vacancy rate in more than a year as it dropped to 4.5%, and veteran retail broker John Sechser makes a break for TRI Commercial amid growing development.

“This development not only adds high-end, new rental units in a neighborhood that has extremely high demand and very low supply, but it also adds appealing new retail tenant that serve the area,” says Jim Darrow, principal with Essex Realty Group.

Certainly, there are risks when it comes to owning a net lease medical property and due diligence is essential but the future is bright for the sector.

Hunter plans to operate a full-service International/Navistar heavy- and medium-duty truck dealership and an Idealease heavy- and medium-duty truck leasing company at the location.