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April 23, 2014
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WHAT'S NEW
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• Pending Home Sales Decline in California
12/24/13
Seasonal factors, combined with shrinking housing affordability, cooled California pending home sales from both the previous month and year in November, according to the latest data sent over by the California Association of ...
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• Higher Interest Rates and Price Increases Tempering Home Sales in California
12/19/13
The run-up in home prices, coupled with higher interest rates, put downward pressure on housing affordability and led to the fourth straight month of sales declines in November, according to the latest research provided by th...
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• CA Pending Home Sales Tick Upward in October
11/26/13
California pending home sales reversed a two-month decline to post higher in October, but were down from a year earlier, according to the latest research from the California Association of Realtors® (C.A.R.). Pending home s...
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• CA Home Sales Decline for Third Straight Month
11/20/13
California home sales declined for the third straight month in October as economic uncertainty surrounding last month’s government shutdown and a typical seasonal slowdown dragged down the state’s home sales, although sales o...
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• LA Office Market Shows Little Movement in Leasing Activity
11/14/13
Although the Westside of Los Angeles continues to benefit from the expansion of entertainment, digital media and tech companies, overall office leasing activity remains moderate. Limited expansion has translated into a neglig...
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• Dallas/Ft Worth Apartment Market Strengthening but Looming Development May Temper Demand
11/11/13
Here’s a brief review of the Dallas/Fort Worth apartment market, provided to us by national investment real estate services firm Marcus & Millichap: The robust local economy will afford apartment owners a few more quarters o...
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• Tech Still Driving San Francisco Office Market
11/04/13
The tech sector continues to drive the San Francisco office market, with the rapid expansion of local companies as well as an influx of Valley firms and others from outside the region contributing to the acceleration. Followi...
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• Tight Supply Leads to Nearly Half of CA Home Sales to Go for Over Asking Price this Year
10/31/13
More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the California Association of Realtors® “2013 Annual Hou...
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• Major U.S. Apartment Markets Doing Well and Are Expected to Continue to Thrive
10/30/13
Fueled by the ongoing economic recovery and resulting job growth, multifamily markets in the western United States continue to shine as the end of 2013 draws near. Furthermore, the apartment sector in the region’s major metro...
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• Four Consecutive Quarters of Positive Net Absorption
10/25/13
Real estate services provider Cassidy Turley has released its third quarter San Diego office report, which shows demand for San Diego County office space is gaining traction following the region’s fourth consecutive quarter o...
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• PEOPLE on the MOVE
10/22/13
IRVINE, CA: Stefan Rogers was hired as Vice President at Avison Young, out of their newly relocated Irvine office. Prior to joining Avison Young, Rogers served as Vice President at Voit Real Estate Services for 10 years. LO...
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• Bay Area Office Market Continues to Roll Along
10/14/13
Jones Lang LaSalle has provided updated numbers on the Bay Area office market, which is being driven in great part by the high-tech and healthcare industries. Here are some highlights from JLL’s latest research: San Franc...
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• C.A.R. Forecasts CA Home Sales to Reach 444,000 Units in 2014
10/09/13
With distressed sales losing their hold on much of California’s market over the course of the past year, the state’s housing market is expected to continue improving in 2014. Sales should shift toward primary home buyers, and...
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• Rising Interest Rates Heighten Investor Caution
10/08/13
Here is a summary of Marcus & Millichap’s Fall 2013 Special Research Capital Markets Report, provided to us by the national investment real estate services firm: Fear and uncertainty often bedevil investors at certain points...
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• Sand Hill Road in Menlo Park Boasts Highest Office Rents in the U.S.
10/03/13
The most expensive street for office space rent in the United States is Sand Hill Road in the Bay Area Peninsula city of Menlo Park, according to a research study released by Jones Lang LaSalle. Average rents on Sand Hill Ro...
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• SoCal Industrial Construction Hits Record Levels Since Recession
9/27/13
SoCal reached a post-recession high in industrial construction in the third quarter of 2013 with approximately 18 msf now underway, according to CBRE Group Inc. Southern California currently leads other top U.S. industrial m...
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• Demand For Rental Housing on the Rise Across Southern California
9/25/13
SoCal’s rental housing market should expect two more years of rent increases as the region continues to absorb units faster than it completes them. This is the general takeaway from this week’s 2013 USC Casden Multifamily For...
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• CA Home Sales Drop Slightly in August While Median SFR Price is Up
9/17/13
Following a strong performance in July, California’s housing market pulled back in August from the previous month and year, although sales of condominiums and townhomes remained robust, according to the latest numbers from th...
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• Median Home Sale Prices Up 16% Year-Over-Year Nationally
9/06/13
According to the most recent data from ZipRealty Inc, the nation’s housing market continues to show ongoing strength, tempered by moderation. Median home sales prices were up 16.2% year-to-year to an average of $278k, while n...
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• Collaborative, Creative Space and Attractive Neighborhoods Essential for Technology Employers
9/05/13
The clustering of highly-skilled, like-minded technology professionals, “tech talent,” is driving demand for office space, with implications for real estate occupiers and investors, in markets from Washington, D.C. to Seattl...
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