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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

FED: MARKETS NEED A LOT MORE PATIENCE WITH INFLATION

Globe St.


Last Thursday, when the consumer price index numbers for October came out, the markets gave a big thumbs-up. Look at the graphs of the Dow Jones Industrial Average, the S&P 500, Nasdaq, and even the Russell 2000. They all jumped up from 2.7% to 5.7%. It was obvious that the improved inflation numbers were the sort of news the Federal Reserve had wanted.

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RENT CONTROL REARS ITS HEAD IN MULTIPLE STATES

Globe St.



With rents rising annually at double-digit percentages and inflation cranking up, even as wages haven’t kept pace, it’s little wonder that people have started pushing for rent control. Call it unrealistic in the long run, as landlords who don’t think they’re getting an adequate return on their investment won’t be improving properties and developers are less keen on building housing.

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US RETAIL LEASING MARKET REMAINS ON A ROLL, BUT CAN IT LAST?

Costar


Retail tenants continued expanding in the third quarter by leasing just over 53 million square feet of store space and remaining resilient in the face of growing concerns surrounding the trajectory of the U.S. economy.

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EMERGING TECH MARKETS CONTINUE TO DOMINATE OFFICE RECOVERY

Globe St.


Emerging and so-called “special mention” tech cities dominated established office markets in Q3, led by new standout Oklahoma City, which posted a 200 basis point drop in vacancy in Q3 ad a cumulative 390 point plunge year over year.

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NAVY PUTS 70ACRE NAVWAR PROPERTY IN SAN DIEGO'S MIDWAY DISTRICT ON THE MARKET

San Diego Union Tribune


The Navy is officially seeking bids to remake its 70.3-acre NAVWAR campus in San Diego’s Midway District, marking the start of the largest real estate competition in the federal agency’s history. The federal government is offering the land for “in-kind” consideration, meaning it would exchange the site, in lieu of cash, for 1.43 million square feet of new facilities.

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ABOUT LEE & ASSOCIATES

At Lee & Associates, our reach is international but our expertise is local market implementation. With offices across the nation and Vancouver, Canada, Lee & Associates is one of the largest and fastest growing commercial real estate organizations in North America. 


Founded in 1979, our experience and expertise offers extensive local market knowledge, seasoned agents, industry leading technology, and a commitment to achieving our clients long-term real estate goals and successes. Lee & Associates understands real estate and accountability, and provides an integrated approach to leasing, operational efficiencies, capital markets, property management, valuation, disposition, development, research, and consulting.


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