Commercial Real Estate & Business News – December 9, 2016

The 135 million square feet of office space under construction across the U.S. at the end of the third quarter only modestly exceeds the long-term historical average of 127 million square feet. Office construction has remained surprisingly ‘in tune’ with market demand, avoiding the boom and bust cycles seen in 2007…»
Infill could be running out of spaces and deals that pencil out. Apartments are an accepted norm but rising interest rates could cut down deals and new construction. And builders and brokers need to realize women and immigrants are key to rekindling home buying as the market still heals the wounds of the last crash. …»

A Florida developer has broken ground on a new $63 million, gated apartment development in Mesa. Coconut Grove, Florida-based Housing Trust Group is building the Aviva complex at 8350 E. Baseline Road. This is HTG’s first development in Arizona. Housing Trust has a $2 billion development portfolio with projects mostly in Florida and Southern states. …»

The places people go to get care have changed-from traditional MOBs and hospitals to post-acute facilities, freestanding emergency departments, long-term and skilled nursing facilities and more. Sources at RealShare Healthcare Real Estate on Thursday discussed the response of healthcare systems and the changes in the continuum of care as well as what providers are doing to adopt to the evolution of the continuum of care. …»
We own and develop suburban neighborhood shopping centers within about a two-hour drive of San Francisco. We both build new projects and manage a portfolio of centers that we have developed over the past 33 years. We thus have leasing opportunities almost weekly. Unfortunately, our opportunity is usually to lease the same space for less money than we did 10 or even 20 years before. I’m not talking “inflation-adjusted” less money, I’m talking less money. …»