There’s a lot to like about the West Coast, which has both natural advantages in terms of its ports and its geography, and man-made strengths in the form of a top-tier education system and the presence of multiple, rapidly growing technology firms.
With core assets delivering thin returns, institutional investors are looking at value-add and redevelopment opportunities.
Strong demand from renters has kept up with a high pace of new construction, allaying fears of overbuilding in the market.
Well-defined agreements, good communication, and fairness can help assure a successful project, start to finish.
Although more consumers are shopping online and many retailers are spending big bucks to beef up their e-commerce strategies, off-price retailers are aggressively expanding and proving to be resilient.