An entrepreneur is setting up a medical office space called Viva MedSuites in Scottsdale, a Phoenix suburb. He describes it as part medical timeshare/part medical co-working space.
Marketing one of the last properties from that 2007 deal signals the end of one era and the early stages of the next, as technology companies and other tenants seek more flexible leases and better amenities.
The next occupiers of the vacated spaces run the gamut, sources say, from specialty retailers to service providers to entertainment concepts to industrial and office tenants.
Non-listed REITs are ready to step on the gas and increase fundraising.
Ollie is working to attract institutional real estate investors to its projects.
Alternative investment vehicles are coming into the market that are becoming particularly attractive when investing with a low appetite for risk.
Return on investment will fall to investors who adjust their assumptions to encompass technology and demographic changes.
