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U.S. Industrial Vacancy Rates Expected to Increase Due to Slowing Economy 4/29/08 The latest data from Grubb & Ellis takes a look at current trends in industrial real estate across the country. This update is a summary of that research and was provided to us by Grubb & Ellis.
U.S. Industrial Market First ...
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Dodgers Hit One Out of the Ballpark with Stadium Improvement Plan 4/28/08 In an effort to improve the overall Dodgers game experience and to create a year-round source of revenue from the club’s iconic stadium property, the Los Angeles Dodgers last week announced plans for a multi-faceted improveme...
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LA City Dignitaries Sign Private Sector Green Building Plan at Earth Day Party 4/25/08 The City of Los Angeles celebrated Earth Day this past Tuesday by signing into law an aggressive plan that calls for reducing the city’s carbon emissions by at least 80,000 tons by the year 2012, making LA the first major Ame...
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Buchanan Takes Over Management Contracts for Three Funds 4/24/08 OC-based Buchanan Street Partners was recently awarded investment management contracts from three commingled real estate investment funds that were formerly managed by San Francisco-based investment advisors, Maier Siebel Bab...
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Puget Sound Office Market Remains Sound 4/24/08 Here is a review of the Puget Sound office market, as of the end of the first quarter of 2008. This report was provided to us by the Puget Sound office of CB Richard Ellis, based out of Seattle.
The Puget Sound office market...
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Concern and Caution Cool San Francisco’s Office Market 4/23/08 Here’s a brief 1st Quarter 2008 report on the San Francisco office market, provided by Michael Tobin, a Director at Pacific Union Commercial Brokerage.
Absorption: Citywide absorption was positive for the 19th consecutive qu...
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Bascom Adds Pleasant Hawaiian Destination 4/22/08 The Bascom Group, the big OC-based multifamily investment company, recently closed on a large acquisition in Hawaii, having paid $63.25 mil for the 406-unit ($155.8k/unit) Oasis at Waipahu Apartments in Waipahu. Constructed i...
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New Vacaville Office Project is Nut Lacking for Amenities 4/22/08 Businesses in Vacaville looking for modern, amenity-laden office space in the region now have the option of a brand new 40k sf development that was just completed at Nut Tree Village, a 333k sf mixed-use lifestyle center deve...
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Over 400k Square Feet Try on UGGs for Five years 4/21/08 In a major Ventura County distribution lease from a couple of weeks ago, Deckers Outdoor Corp inked a five-year deal for a 423.1k sf facility located at 3175 Mission Oaks Blvd, east of Lewis Rd and just north of the 101 Fwy i...
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Canyon-Johnson Closes Its $1 Bil Fund III 4/18/08 The Canyon-Johnson Urban Fund, a partnership of Canyon Capital Realty Advisors and Earvin “Magic” Johnson, closed its $1 bil Canyon-Johnson Urban Fund III. The third fund, which eclipses the combined $900 mil in equity of th...
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New Inland Empire Mixed-Use Project Soaks Up Jacuzzi 4/17/08 In what is said to be one of the largest office lease signings in Chino Valley, Jacuzzi Brands Corp, the well-known manufacturer of hot tubs and other related products, inked a six-year lease for 30.8k sf of office space at T...
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George Smith Partners Arranges $22.5 Mil for San Bernardino Apt Buy 4/17/08 George Smith Partners Inc has arranged a $22.5 mil bridge loan for the acquisition of Mountainside Village Apartments, a 197-unit multifamily property located at 1660 Kendall Dr in San Bernardino. Situated across from Califor...
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Akamai Gets Clearview of Its Next Seven Years in San Mateo 4/16/08 Akamai Technologies Inc recently inked a seven-year lease for 50k sf in Clearview Business Center, a six-building, 270k sf business campus in San Mateo. Akamai, a leader in powering transactions and applications on the Intern...
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LoopNet Adds More Applications 4/15/08 LoopNet, the largest online commercial real estate listing site, has acquired privately held REApplications Inc, a leading provider of on-demand brokerage operations software, for $9.4 mil. Founded in 1999, REApplications is ...
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Acquisition Tide is High for Zuma 4/15/08 A two-building, 77k sf office project in San Diego’s Mission Valley was purchased by Zuma Corporation for $15.9 mil, or $206/sf. The property, CenterPoint Mission Valley, was built in 1982 and is located at 3110 and 3160 Cami...
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GE Provides $380 Mil in Douglas Emmett’s Purchase from Arden 4/14/08 In a follow-up to recent news of Douglas Emmett’s (DEI) purchase of six office properties totaling 1.4 msf of space from Arden Realty for $610 mil, acquisition financing of $380 mil for the transaction was provided by GE Real...
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Annual Casden Forecast Predicts SoCal Apartment Rent Increases of 2.5% - 3% 4/11/08 One of SoCal’s biggest annual real estate conferences – USC Lusk Center’s Casden Forecast – took place this past Wednesday in downtown Los Angeles, and offered significant insight for the coming year. According to the Forecas...
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Commercial Real Estate Financing News 4/11/08 Newmark Realty Capital Inc: Newmark Realty Capital Inc, in the first quarer, arranged financing for Phase I of The Water Garden, a 1.2 msf Class A office complex in Santa Monica’s media district. The $230 mil loan was placed...
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Investors Pay Top Dollar for Portfolio Enhancement Procedure 4/10/08 by Allen Wolfsheimer In a Beverly Hills office buy that stands a cut above similar deals in the region, a 63.3k sf medical office property occupied primarily by high-profile plastic surgeons sold for $55 mil, or $869/sf, a record price for this t...
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Padre Move Looks Like a Home Run for Bakersfield 4/10/08 The Padre Hotel, a historic building that stands as a cornerstone to redevelopment efforts in downtown Bakersfield, traded hands in a recent sale that should allow new plans to restore the 1928 landmark to move forward. The 7...
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