Integra Realty Resources (IRR) has released their annual commercial real estate forecast highlighting expected trends for office, multifamily, retail, and industrial property types. This report examines real estate valuation, investments, and expected leasing trends that could occur in the aforementioned areas. IRR estimates that all real property values will increase over the next three years.
Waterbridge Capital, a New York real estate firm, has purchased former Downtown Los Angeles space known as the Broadway Trade Center, which formerly housed the department store known as May Co. The firm plans on converting the property into a mixed-use development. The estimated sale price is in the $115 to $130 million range. Waterbridge