Tyson & Mendes Continues Nationwide Growth with Expansion into North and South Carolina
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. San Diego life sciences vacancy remains the lowest in the major life-science clusters, and multifamily fundamentals continue to be supported by a coastal supply ceiling. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 14th San Diego story tracked on the wire in November 2026. All San Diego coverage →
- Disclosed office deal value tracked in November 2026: $6.2B across 33 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
National insurance defense trial firm opens two new offices in North and South Carolina, led by incoming Branch Office Managing Partners Christopher Hinnant and Michael Barfield. SAN DIEGO, Nov. 12, 2026 /PRNewswire/…
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