The face of campus retail is changing. For decades, universities were known for their dearth of retail beyond a college bookstore. But now, retailers both large and small are seizing the opportunity to expand their operations beyond traditional shopping centers and onto university campuses where they can capture the attention of a niche audience: students.
Investors who buy self-storage properties are being more careful about which assets to bet on, but they continue to be willing to pay top dollar for these properties.
You have recently seen many articles or may have taken classes on Qualified Opportunity Zones. There is much discussion about whether the program will truly spur economic development or whether it is simply more tax breaks for wealthy developers. Much of the information we have read is confusing and sometimes inaccurate.
It’s clear from almost every metric that the Portland multifamily sector’s performance in 2018 outstripped that of the prior year in virtually every respect: rent growth increased, sales volume was up more than 30 percent and the number of new units added to the market during the year is way, way up.
As Los Angeles—and, really, greater Southern California—moves toward density, developers have been challenged to find affordable ways to house the... View Article
How to Prepare for the New Office Space Trends. -The average worker spends 40% of the day at their desk. Eighty percent of work is defined as “collaborative.” Forty-three percent of respondents in a survey indicates that less than 5% of their worksite include enclosed offices. More than 80% of workers spend their time engaged in collaborative work.
The Metro Council voted unanimously Thursday to approve four urban growth boundary expansions and open up 2,181 acres of land for future development.... View Article
The Portland Diamond Project noted in an announcement this past week that it reached an agreement in principle with the Port of Portland to develop a ballpark on a 45-acre site, dubbed Terminal 2. While the terms of the agreement were not disclosed in the announcement, local media outlets have reported that the property deal will be structured as a long-term lease.
If you're considering investing in a multifamily venture, or if you're already in the market, there are challenges and opportunities to watch for in the coming year. From rent trends to supply and cost factors, here's what to expect in 2019.