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Condo inventory has taken a sharp decline with healthy sales activity in San Francisco over the last few months and only a handful of condo projects delivering new units. Even though the pipeline has over 1,000 new condo units, many of these units are not expected to be completed this year. 
Demand for condos remained strong at the start of the year and sales picked up in January and February, typically slow months for home sales. In January, 80 condos were placed under contract or sold, an increase of 70% compared…
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Macy's Selling Another Union Square Building
Macy's plans to sell its 240K SF building in San Francisco's Union Square at Stockton and Geary streets. The I. Magnin building is separate from the Union Square Macy's flagship store, which will remain the largest department store in the…
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Galaxy Far, Far Away: Star Wars Land Spurs Commercial Development Around DisneylandThe galaxy far, far away is coming to Anaheim, and hospitality businesses in the area are preparing for an influx of tourists upon completion of Disney's Star Wars: Galaxy's Edge. The Wincome Group Asset Manager Paul Sanford, whose company is developing the four diamond Westin Anaheim Resort on Katella Boulevard, said any new attraction Disneyland creates will greatly impact hospitality and retail businesses in the market. |
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Investors Wary Rising Inflation, Interest Rates Will Put Upward Pressure On Cap RatesRising interest rates and an uptick in inflation have some wary of upward cap rate movement this year. Cap rates were relatively static in 2017. While the industrial and multifamily sectors saw some cap rate compression in the second half of last year, office, hotel and retail cap rates remained either flat or increased, according to CBRE's North America Cap Rate Survey. |
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