Orchard Pointe, a 17-year-old, vinyl-sided apartment complex in Vancouver, Washington, wouldn’t have drawn a second look from Invesco Real Estate in early 2010, when most multifamily-property investors wanted newer, trophy buildings in coastal markets such as New York and San Francisco.
Josh Payne spent seven years in San Francisco, where a technology boom has pushed office rents to the highest level in a decade. He headed south to Los Angeles’s Venice area when starting his Internet firm, StackSocial Inc.
The Internet’s address-system manager will indefinitely delay announcing which companies applied for new Web suffixes as it diagnoses a breakdown that’s kept its application system offline since April 12.
LinkedIn Corp. ’s success is inspiring Web companies to limit the amount of shares they sell in initial public offerings, fueling concern that scarcity will inflate stock values and contribute to another dot-com bubble.