| Class A Office Rents in LA County Reached Highest Level in Seven Years and Will Continue to Rise
Cushman & Wakefield has put together an overview of the Greater Los Angeles office market at the midpoint for 2015. Below is that summary, provided to us by C&W:
Los Angeles County’s unemployment rate dec...
| Proposed California Split Roll Property Tax Could Cost the Commercial Real Estate Industry $9 Bil/Year
By Rex Hime
There has been a lot of activity on Split Roll Property Tax in California this year. The proponents of removing Proposition 13 protections from commercial property have opened up several paths of attack, includi...
| Puget Sound Industrial Market Mostly Positive at Midpoint for 2015
Here’s an overview of the Puget Sound industrial market at the mid-year point for 2015. The report was provided to us by real estate services firm Kidder Mathews.
The Puget Sound’s industrial market continues to produce mos...
| San Francisco Industrial Market Treading Water in 2nd Quarter 2015
Here’s a mid-year update on the San Francisco industrial market, provided to us by regional real estate services firm Kidder Mathews:
The San Francisco industrial market took a pause in the second quarter of 2015, with negat...
| Spec Developments Reducing Impact of Positive Absorption Gains in Phoenix
Real estate services firm JLL has just released its 2nd Quarter 2015 Office Insight report on the Phoenix, AZ market. Here is a summary of their findings:
Speculative developments reducing impact of positive absorption gains...
| San Francisco Closing in on Minneapolis as the US City with the Highest Percentage of Green Office Space
San Francisco significantly closed the gap on Minneapolis in the rankings of U.S. cities with the highest percentage of green office space, boasting a 70 percent green office market, up from 67.2 percent in 2014, according to...
| L.A. and Other CA Cities Likely to Follow San Jose with Affordable Housing Ordinance that Passes on Costs to Developers
Last week the CA Supreme Court voted unanimously to uphold City of San Jose’s affordable housing ordinance which requires 15 percent of all for-sale units be set aside as affordable units for any development project that crea...
| The World’s Highest Priced Office Market is Still London’s West End
London’s West End continued to be the world’s highest-priced office market but Asia dominated the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Research’s semi-annual ...
| CA Year-Over-Year Home Sales and Prices are Higher for Fourth Straight Month
California home sales softened in May, but the housing market momentum continued to be solid as the spring home-buying season marked higher year-over-year home sales and prices for the fourth straight month, according to the ...
| Demand for Trophy Office Space in San Francisco Outpacing the Market in General
Demand for San Francisco’s trophy office towers exceeded demand for all space in the market during the first quarter of 2015, as absorption for space in these buildings jumped 4.5% in the period, compared to an increase of 0....
| Inland Empire Enjoying Robust Retail Growth
2015 is already shaping up to be a robust year of retail expansion in San Bernardino County as national retailers seek out quality space and developers continue to build new centers to accommodate ongoing population growth.
| Los Angeles and Long Beach Ports Top CBRE’s National Ports and Logistics Index
The ports of Los Angeles and Long Beach topped CBRE’s first-ever “Ports and Logistics Index,” thanks to infrastructure that is well-suited to handle the largest cargo container ships, their proximity to Asian export markets, ...
| L.A. County Office Market Sees Modest 66k sf of Absorption in First Quarter of 2015
The Los Angeles County office market recorded a modest amount of net positive absorption in the first quarter of 2015 as the vacancy rate remained stable at 16.4%, according to Avison Young’s First Quarter 2015 Los Angeles Co...
| San Francisco is the Number One Choice for Investors in 2015
Half of all real estate investors in North America intend to increase their property acquisitions in 2015, with San Francisco the number one target for the second year in a row, according to the CBRE North America 2015 Invest...
| Strong Economy Boosting CA Housing Market
California’s housing market continued to pick up steam as existing home sales and prices propelled higher, with both posting back-to-back increases in March, according to the California Association of Realtors® (C.A.R.).
| High Demand for Tech Space Driving OC Office Market
Tech talent clustering is a growing driver of demand for office space in both large and small markets across the U.S., according to a new CBRE Research report, “Scoring Tech Talent” which ranks 50 U.S. markets according to th...
| San Diego Retail Market Continues in Positive Mode
San Diego’s retail market started off 2015 the same way it ended 2014, on a positive note. According to the latest research from CBRE, the region’s development pipeline is filling up with more than 27 planned projects totalin...
| San Francisco Office Market Enjoying Super Duper Uber Leasing Activity
Continued strong demand by tech companies for San Francisco office properties has pushed vacancy rates to record low levels and created an unprecedented level of net absorption, according to a just-released first quarter 2015...
| Commercial Real Estate Lending Continues to Grow
Commercial real estate lending increased for the fifth consecutive year in the U.S., as a strong fourth quarter capped expansion across lenders and property types, according to the latest research from CBRE.
Loan closings we...
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| CA Pending Home Sales See Double-Digit Annual Jump
Pending home sales in California soared in February to record the first double-digit annual gain in nearly three years and the third straight year-to-year increase, suggesting improved market conditions and more closed transa...
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