GlobeSt

17 hours ago | globest.com | Richard Berger

Allied Commercial has converted and restored an 85-year-old post office in Venice, California, into a 23,690-square-foot creative campus for media, events and seminars designed to foster artistic growth. The site at 1601 Main St. is now the headquarters of the Lighthouse Creative Group, which has a versatile event space with dedicated artist studios. The property offers a collaborative workspace for creatives to meet and exchange ideas, as well as production offices and facilities.

1 day ago | globest.com | Philippa Maister

Construction and announcements of massive new data centers are spreading around metro Atlanta and other parts of Georgia at a breathtaking pace. As they do, local governments are struggling with how to respond as communities affected loudly raise concerns. Now, Atlanta’s city government has taken action to impose some form of regulation on the industry. This week, city councilors unanimously approved an ordinance to set strict standards for approval of future data centers within city limits.

1 day ago | globest.com | Richard Berger

Marcus & Millichap’s brokerage group Levin Johnston has closed $82 million in commercial real estate transactions spanning 16 transactions during the first quarter of 2025 and is slated to complete more than $200 million in CRE transactions in the second quarter. That's on escrow figures.

2 days ago | globest.com | Philippa Maister

Chances are, when the average person thinks of a renter, they envision someone who lives in an apartment complex in a large district with just about everything they need within walking distance. But that vision may be outdated as more suburbs appeal to renters, as lifestyle has shifted since the pandemic, according to a new analysis by Point2Homes. In fact, the growth of renter households in suburbs is outpacing their rate of growth in five of the 20 largest U.S. metros.

2 days ago | globest.com | Richard Berger

The average asking rent for medical office buildings in San Diego has reached a record high, according to a JLL report, reflecting Q1 2025. Prices climbed by $0.12 per square foot (sf) over the past 12 months to an average rate of $4.28 per square foot (FSG) across all submarkets. That came even as San Diego’s vacancy rate for medical office buildings increased from 5.7% to 6.0% during the past 12 months.