Office

The latest developer sentiment report from Allen Matkins and the UCLA Anderson Forecast shows a weakening outlook of the office market, GlobeSt.com reports EXCLUSIVELY.

In 2018, the Phoenix job market grew by 3.9%, the fastest rate of growth in the last decade, adding nearly 80,000 jobs.

In the largest of the agreements, Ameribest expanded its existing offices with the lease of another 6,924 square feet on the second floor of 990 Spring Garden.

Investors Bank's largest single CRE loan, which was completed at the end of 2018, was a $42 million transaction to refinance the commercial mortgages on 27 retail properties in multiple locations.

The joint venture ownership is between CIGNA Investment Management and the Muller Company, which recently acquired the 103,622-square-foot six-story Century Plaza at a purchase price of $63.4 million.

The flexible office provider is now occupying close to 60,000 square feet, the full eighth floor of Columbia Property Trust's landmark office property.

The New York City metropolitan area remained the top market in the US with $28.7 billion in commercial/ multifamily construction starts, an increase of 10% after posting a 13% decline in 2017.

The commission's report states that accountability and transparency has not meaningfully improved since its 2016 report was issued.