Articles

Our expert contributors provide insights on current commercial real estate and key economic trends.

  1. 09/12/2018

    Industrial Demand Soaring in Phoenix: 4 Reasons Why

    The laws of macroeconomics tell us that for every boom there is a bust; what goes up, must come down. Yet something is happening that is defying that conventional wisdom. E-commerce, still only around 12% of all retail sales but growing, has seen consistent growth for years now, cycle after cycle and in Phoenix, this year the numbers are continuing to soar.

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  2. 09/04/2018

    San Francisco Financial District: The Destination for Elite Tenants

    San Francisco has seen very strong economic growth since the end of the recession, and continues to outpace virtually every other office real estate market in the country. The city’s Financial District, in particular, has been defined by very low availability of space and very high rent.

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  3. 08/22/2018

    What's Driving California Life Sciences Markets

    California has been firmly cemented as a fixture in the national Life Sciences industry ever since companies like Edwards Lifesciences established a presence in Irvine in 1958, Hybritech launched San Diego’s biotech industry in 1978, and Genentech planted its flag in South San Francisco in 1976. Today, there are nearly 300,000 Californians working in the life sciences, according to the California Life Sciences Association (CLSA).

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  4. 08/13/2018

    The Revitalization of LA: the New Home of Tech, Media, and Creative Office

    In February of this year Peter Thiel—PayPal billionaire, venture capitalist, and a fixture of the tech industry—announced that he was leaving Silicon Valley and moving to Los Angeles. He plans to relocate his residence to Hollywood and move his hedge fund and foundation, Thiel Capital and Thiel Foundation, to a new headquarters in LA.

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  5. 08/09/2018

    Mixed-Use Projects Spur Construction Growth Along West Coast

    A recent Crane Index report shows that construction activity is booming across North America, with a high crane count specifically in the West Coast. Mixed-use developments are making major headway as the second largest market, making up nearly 25 percent of the construction activity in North America. According to the Crane Index, L.A., Seattle and Portland are leading the sector. In fact, Seattle has more than LA and San Francisco combined!

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  6. 07/12/2018

    Market Value of Land – Secrets of Cost Segregation Professionals

    An often-hidden secret about many cost segregation professionals is that they are not involved in the real estate market place in terms of buying, selling, marketing or for that matter the valuation of real estate and are not qualified to provide an estimate of land value in reporting to the IRS. The lack of real estate expertise can result in a poorly prepared cost segregation study whose results are unreliable, undependable and could ultimately cost you money.

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  7. 07/02/2018

    Where Construction is Hot in Multifamily Markets

    The multifamily market is on fire after a very healthy 2017 and great projected strength for the rest of 2018. Rent prices are up, but vacancy rates are slowly increasing as more supply is being delivered, according to Freddie Mac’s Multifamily 2018 Outlook.

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  8. 06/28/2018

    Central Waterfront Park and LID Update

    The City of Seattle is moving forward with a $688 million waterfront park and associated street improvements of which $200 million will be funded through a Local Improvement District (LID). While this may not be news to most, it is important to understand the process and property owner options for those that fall inside the LID boundary.

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  9. 06/27/2018

    Shared Work Spaces: Disruption, Cost, Community & Cool

    Shared spaces have shifted from being an anomaly in the workplace to an anchor occupant over the past decade or so. The rapid advent and adoption of co-working environments into a modern office setting has ridden a tide of disruption, cost-effectiveness, sense of community and a quest for a cool place to work.

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  10. 05/25/2018

    Commercial Real Estate Cycle: What Happens When the Music Stops?

    The West Coast commercial real estate markets are among the best-performing in the country, a condition fueled by the current cycle's sustained economic growth. That isn't expected to change anytime soon. That's because the U.S. economic recovery remains on solid footing, supported by historically low unemployment (4.1%,) job growth and consumer spending.

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  11. 05/22/2018

    How to choose the right industrial space for your growing business

    If your business has been growing exponentially and your current facility is hindering your company’s growth, it’s probably time to consider a new space. When searching for your next business location, there’s always more to consider than meets the eye.

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  12. 05/16/2018

    Office Forecast Remains Positive throughout 2018

    The national and regional outlook for office properties remains favorable. After a strong 2017, where office development increased 53.7 percent year over year, both Commerical Property Executive (CPE) and the National Real Estate Investors (NREI) gave positive outlooks for this year. First quarter results have not disappointed. Generally, West Coast markets ranked high in terms of cap rates, vacancy, absorption, and new development. Breaking down the metropolitan area outlooks across the West Coast, we see upward trends in leasing and demand.

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  13. 04/17/2018

    Making CRE Sense of Tax Reform & Rising Interest Rates

    Considerable attention and uncertainty surrounds the sweeping tax reform and recent actions to raise interest rates by the Federal Reserve. Yet, the most intriguing question being asked by those in the commercial real estate business is will the changes knock the current cycle off kilter?

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  14. 03/28/2018

    Experience a Retail Rising: Creating Experiential Retail Environments on the West Coast

    Shifts in consumer preferences to a shopping environment that features experience over pure buying has forced shopping malls and retailers to rethink how they’ve traditionally operated.

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  15. 03/19/2018

    The CRE Disruptors We’re Talking About in 2018

    Our industry is experiencing a period of great change. We recognize the ability to anticipate new innovations and adapt is essential for providing optimal service to our clients. Over the next year, the commercial real estate industry will see disruption in four key areas.

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  16. 03/01/2018

    Amazon HQ2: CRE Lessons Learned from Seattle’s Amazon Experience

    Now that Amazon has narrowed down the nearly 240 potential sites bidding to host its second corporate headquarters, it will be a closely-watched competition for the 20 locations across North America that have been short-listed. The stakes are high for cities, counties, and states wooing the giant e-commerce retailer.

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  17. 02/15/2018

    Senior Housing Market Poised for Growth

    As baby boomers age, the need for affordable senior housing facilities will continue to rise. Investors and developers are taking notice with new construction projects. Strong market fundamentals and the aging population means more growth for all types of senior housing facilities.

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  18. 01/10/2018

    Who’s Winning the Recruiting War?

    Attracting and retaining the best and brightest talent has become an increasingly challenging prospect for companies across the country. That’s being exacerbated by a strong economy, fueled by a recovery nearly a decade in the making, and an unemployment rate that’s holding steady at 4.1 percent, a 17-year low.

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  19. 12/11/2017

    Industrial is Booming on the West Coast

    Changes in consumer shopping demands are pushing retailers to strategically place their goods closer to urban centers as a method of reducing logistics costs and delivering products timely. The increasing demand for urban warehousing is impacting the industrial real estate market along the West Coast.

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  20. 11/29/2017

    Crane Watch: West Coast Construction Boom Continues

    The West Coast undeniably features some of the hottest commercial real estate markets. A near perfect series of economic and technology storms have driven record growth, increased investment and strong market fundamentals.

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  21. 10/30/2017

    Is Industrial Space Going Vertical?

    Demand for domestic goods has grown exponentially in recent years, yet the available land for manufacturing and storage of those goods is dwindling. With multi-story warehousing, companies can strategically place goods closer to the consumer, and increase the usable square footage of a warehouse without expanding their footprint.

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  22. 09/18/2017

    4 Things to Know about the West Coast Office Market

    The West Coast office market has seen a lot of highs and lows in past years, but recent trends and statistics suggest that the coming year will be fruitful for the sector -particularly in some of the region's biggest metros.

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  23. 07/17/2017

    Distressed Properties, Vacancy Shortfall, and Entrepreneurial Incentive

    Let’s consider the values of two identical office towers: one fully leased by multiple tenants at market rents, and another completely vacant. Assuming all else is equal, the fully leased office tower will always sell for more than its vacant twin property.

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  24. 07/11/2017

    Generation Z Prefers In-Store Shopping –
    Could This be True?

    Shoppers belonging to Generation Z (whose oldest members were born in the middle 1990s) prefer to get their goods through the internet – right? Not necessarily, according to a new survey by IBM and the National Retail Foundation, in addition to data from Kidder Mathews.

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  25. 06/08/2017

    4 Trends Impacting the Multifamily Market Across the West Coast

    The multifamily industry has experienced a lot of changes on a national scale over the past year. Catapulted by growth in the tech industry, jobs markets have been popping up across the country in places like Atlanta, Dallas, Phoenix, and Seattle.

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