Life Science Outperforms Most Niche Sectors

Life science real estate capital markets activity reached a new record last year as investment volume climbed to $18.4 billion, “reflecting immense investor demand and continued liquidity in the cluster markets,” Newmark said in a Life Science Overview and Market Cluster report.

Office-to-Industrial Conversions Increase

As the industrial market soars and the office market remains soft, more developers are converting office product into industrial properties, reported Newmark, New York.

Dealmaker: Newmark Arranges $64M Office Sale

Newmark, New York, sold 1301 Dove, a 10-story, 215,000-square-foot office building in Newport Beach for $64 million, or $298 per square foot.