Office

Los Angeles will see 2.9 million square feet of new office space deliver this year, but is demand high enough to absorb the new space?

The newly launched Valuation Portfolio Services practice is aimed at firms seeking valuation solutions for multiple properties located across the United States or around the globe.

Los Angeles-based Hudson Pacific will own a 55% interest in the joint venture and will serve as the managing member and day-to-day operator of the property, while Allianz will own 45% interest.

The property at 5401 Watson Drive is located in the Mesa del Sol community about eight miles outside of Albuquerque and is 100% leased to an affiliate of Fidelity Investments.

The lease procurements underway since 2015 are poised to yield longer-term lease contracts as those procurements are completed and the leases commence.

While Portland has experienced in-migration from other markets, the MSA's future isn't necessarily all about the big players but rather the boom of startups as Portland is known for growing local business.

WeWork is planning to open a third location in Orange County, which until now has been slower to adopt co-working than other Southern California markets.

While Phoenix has experienced significant growth, lenders are still hesitant to finance projects in the market.