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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

HOW SOME INDUSTRIAL DEVELOPERS ARE DEALING WITH THE LAND CRISIS

Globe St.


Some of those geographies that limit the availability of land are also places with some of the highest economic activity that are important in major supply chains. An approach some developers are now using in the US is multistory industrial, a strategy long used in Asia.

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U.S. GDP GROWTH SEES INCREASE AFTER NEGATIVE Q1

Connect CRE



Q1’s decline was the worst for GDP performance since the 31.2% drop seen in Q2 2020, CNBC reported. Real GDP decreased at an annual rate of 1.5% in the first quarter of 2022, according to the Commerce Department’s Bureau of Economic Analysis.

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U.S. REAL ESTATE MARKET SWELLED TO $4T IN 2021

BisNow


The size of professionally managed real estate investment markets in most parts of the world increased markedly between 2020 and 2021, but nowhere did the market grow more than in the United States — up more than $466.1B, according to a new report from MSCI.

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WHAT EVOLVING WATER CONCERNS MEAN FOR CRE

Globe St.


In May, the California Water Resources Control Board passed a measure requiring agencies to implement contingency plans for up to a 20% shortage in water supplies. The move caught the attention of property owners across the US, especially in regions where droughts are prompting calls for more stringent water conservation.

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MULTIFAMILY SALES MARKET SLOWS AMID INTEREST RATE HIKES

Propmodo


One of real estate’s highest-performing sectors over the last couple of years is showing signs of a slowdown. Sales volume of multifamily properties has declined, according to a report from the National Multifamily Housing Council (NMHC).

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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.


Commercial Real Estate Questions? 

Please Contact:


Steve Malley

smalley@lee-associates.com

858.453.9990

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