Innovista Design District

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    The amount of construction work under contract but not yet completed rose to nine months, according to the Associated Builders and Contractors latest Construction Backlog Indicator, implying expanding demand for construction services, or a shortage of construction labor in a few markets.

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  • Bay Area Office Asset Changes Hands

    Robert Wheatley Properties paid $15.5 million for a two-story, 18,353-square-foot office building in Menlo Park, Calif. CBRE arranged the transaction on behalf of the seller, Oak Grove Associates.

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    Commercial real estate’s high level of energy consumption and resultant potential for cost savings have long provided incentive to pursue improvements in temperature regulation, lighting, ventilation, and energy collection and return.

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  • Cambridge Class A Building Changes Hands for $75M

    Lincoln Property Co. and Chile-based Stars Investments acquired 625 Massachusetts Ave., a 122,104-square-foot office and retail property in the supply-constrained Central Square district.

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  • CBRE: Mideast CRE Spending Tops $10B

    The U.S. was the top destination year-over-year as of the second quarter, with volume reaching $3.9 billion.

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