| California Home Sales Cool in August
Home sales remained above the 400,000 mark in August for the fifth consecutive month and rose to the highest level since October 2012. Closed escrow sales of existing, single-family detached homes in California totaled a seas...
| US Multifamily Investment Hits $127 Bil Over 1-Year Period Ending Q2 2015
Investment in U.S. multifamily reached $127 bil for the year ending Q2 2015—the highest four-quarter total in history and growth of 36% over the 12-month period, according to the latest research from CBRE. The total surpasses...
| CA Homes Sales in July Reach Highest Level in Three Years
Sustained job and income growth gave home buyers the confidence in July to jump into the California housing market, pushing home sales to their highest level in nearly three years, according to the latest data from the Califo...
| The Latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey Says that California is Booming Again
Commercial construction activity in California has risen to its highest level since 2001. Available financing, low cap rates, an increasingly high demand from technology, advertising, media and information companies, and a s...
| 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...