ABS Partners Real Estate

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    Office development reached a cycle high of 2.3 million square feet in 2017, marking a 53.7 percent year-over-year increase. Construction has picked up in less popular areas such as Jefferson Corridor and downtown Long Beach, while North Hollywood emerged as the most active suburban submarket.

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    Many of the benefits the commercial real estate industry enjoys were preserved in the recently enacted Tax Cuts and Jobs Act, but market participants are still distilling the impact of the changes, notes Avison Young Principal Jay Maddox.

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    The firm brokered the sale of Sheridan Lake Club, a 240-unit property located in Dania Beach. The community traded to Electra America.

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    Through its Iowa utility subsidiary Interstate Power and Light Co., the company will begin construction of the 15,000-acre wind farm in 2018.

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  • Bixby Acquires Phoenix Industrial Facility for $10M

    Built in 1998, West 10 Business Center is fully-leased to three tenants. The distribution facility is located at 4703 W. Brill St., with direct frontage along Interstate 10.

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