It (the office market) is changing, it starts with land value. Land values have probably shot up 100 percent in the past 24 months.

When someone places more value in saving money, than the value they place in saving Life, they have “misplaced” their values.

Stable demand and rising land values have placed upward pressure on pricing resulting in a 14.4 percent increase in average asking rates in only six months. With robust sales activity and mom-and-pop operators seeking expansion opportunities, we believe there is room for additional increases in newly constructed retail centers.

Typically, you don't go vertical until the land values are so high you can't go horizontal anymore.

The market is too good right now. It would really be a tough pill to swallow if the market went the other way. That's why all of us want to repair our units.

This beach area is a very special area. It would be very hard to replace.