The first few months of 2015 have brought good news about the South’s employment picture. According to the federal Bureau of Labor Statistics, metro Atlanta experienced a 4.6 percent year-over-year increase in February in the number of non-farm jobs. Among the 51 largest metro areas in the U.S., only San Jose, California, had a higher… Read more »
As the first quarter nears its close, the employment outlook in the South continues to be a positive one. Twenty-one percent of Southern employers say they will increase staffing levels in the second quarter, while only 4 percent indicate they will reduce employee headcount, according to a new survey from ManpowerGroup. Those numbers have remained… Read more »
Lincoln Property Company has begun a multi-million dollar renovation of Royal Palm Office Park, the iconic Class A, suburban office complex located in Plantation, in the center of Broward County, Florida. Lincoln manages the two-building, 465,592-square-foot property, which was purchased last summer by a pension fund advised by an affiliate of Lincoln. The renovation project… Read more »
On behalf of a large pension-fund client, Lincoln Property Company has purchased a 275,480-square-foot industrial building in South Florida that serves as a distribution center for the Navarro Discount Pharmacy chain. NDC Properties, LLC was the seller. The acquisition price was not disclosed. Lincoln will manage the property. The distribution center, located at 9400 NW… Read more »
The industrial real estate market in the South is continuing to recover. At the end of 2014, Atlanta’s industrial vacancy rate was 8.8 percent, a drop of 2.4 percentage points from one year earlier. Two of the Southeast’s other major markets – Orlando and South Florida – also experienced noticeable declines in their vacancy rates… Read more »
The arrival of 2015 has brought a fresh batch of positive economic data about the South. For starters, office vacancy rates in the region continue to decline. Atlanta, Orlando and South Florida – three of the region’s most important office markets – all saw their vacancy rates drop over the course of 2014, an important… Read more »
Believe it or not, the end of 2014 is at hand. But the South’s positive economic momentum is set to charge into the new year. Twenty percent of Southern employers say they will increase staffing levels in the first quarter of 2015, while only 4 percent indicate they will reduce employee headcount, according to a… Read more »
The industrial real estate market continues to improve in the South. At the end of the third quarter, Atlanta’s industrial vacancy rate stood at 9.8 percent, a drop of nearly 1.5 percentage points from the beginning of the year. Two of the Southeast’s other major markets – Orlando and South Florida – also have experienced… Read more »
A joint venture between Lincoln Property Company and a real estate fund advised by Crow Holdings Capital Partners has broken ground on Turnpike Park, a Class A, 136,500-square-foot industrial building in Miami’s Medley submarket. Completion of the front-load, shallow-bay facility is slated for second-quarter 2015. Americas Industrial Realty Corp. will lease the building, which is… Read more »
The residential housing market has had some ups and downs this year, but builders of new single-family homes, both in the South and across the country, remain confident in the health of their industry. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) reached 55 for the entire United States this month and… Read more »