| CREXi Secures $11 Mil Series A Investment
CREXi, a leading marketplace and technology platform for the commercial real estate industry, has obtained $11 mil in Series A financing. The round was led by Jackson Square Ventures. Other investors in the round included Man...
| BKM Capital Partners Completes First Close of Second Institutional Fund
BKM Capital Partners has completed the first close of its second institutional fund, BKM Industrial Value Fund II, L.P., with $135 mil in equity commitments as well as $25 mil in co-investments. The firm also currently has an...
| Construction Costs Surge in April
This report was provided to us by the Associated General Contractors of America Labor Department
The cost of goods used in construction jumped in April at the fastest year-over-year rate since 2011, with ongoing increases fo...
| Prologis to Acquire DCT Industrial Trust for $8.4 Bil
Prologis Inc. (NYSE: PLD) and DCT Industrial Trust Inc (NYSE: DCT) just agreed to a merger by which Prologis will acquire DCT for $8.4 bil in a stock-for-stock transaction, including the assumption of debt. The boards of dire...
| CA Home Sales Pick Up Again in February after Slow January
Led by the San Francisco Bay Region, California home sales registered healthy gains in February on both a monthly and annual basis after January’s weak start, according to the most recent monthly data from the California Asso...
| A Majority of Real Estate Investors in the Americas Anticipate Increased Buying Activity in 2018
A prolonged period of U.S. economic growth, as well as tax cuts and favorable regulatory changes, has turned commercial real estate investors more positive going into 2018 than they were at the start of last year, according t...
| Bixby Land Company and AXA Investment Managers - Real Assets to Go on Industrial Buying Spree
Bixby Land Company and AXA Investment Managers - Real Assets have reached an agreement to acquire as much as $400 mil of industrial properties. The joint venture with AXA IM - Real Assets fuels a strategic increase in Bixby’s...
| Pro Moves
Aaron Hill - Aaron Hill was named President at Bixby Land Company, extending a successful 11-year tenure at Bixby where he most recently served as executive vice president and chief operating officer. Bill Halford, who has se...
| Runyon Group Secures $38 Mil in Construction Money to Start Work on Third Phase of PLATFORM in Culver City
Los Angeles-based Runyon Group has obtained $38 mil in construction money for development of the third phase of PLATFORM, a 66k sf, mixed-used development in downtown Culver City. The 54-month financing was arranged by Quantu...
| Latest Allen Matkins / UCLA Anderson Forecast California CRE Survey Suggests Federal Tax Overhaul Favors the Commercial Real Estate Industry
The Winter/Spring 2018 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey reflects the favorable changes to the CRE market caused by the recent federal tax overhaul. The tax bill is expected to incr...
| CA Home Prices Continue to Rise While Sales Volume Slows Due to Lowest Inventory Levels in 13 Years
Amid the lowest housing inventory levels in more than 13 years, existing home sales still eked out a year-over-year gain, while the median sales price posted a solid annual increase, per the latest figures from the California...
| San Francisco Office Market Gets Its Second Wind During Final Quarter of 2017
This end-of-year report on the San Francisco office market was provided to us by commercial real estate services firm Kidder Mathews:
The San Francisco office market got its second wind in the fourth quarter, closing 2017 wi...
| Businesses Pay a Hefty Premium for America’s Top Office Addresses
America’s most desirable office addresses command an average annual asking rent of $48.65 per square foot, a 47% premium compared to the rest of the country. And they remain as popular as ever. According to JLL’s 2017 Most Ex...
| SAVE the DATE => February 28 is RENTV's San Jose / Silicon Valley State of the Market Conference
Leading CRE pros from San Jose and Silicon Valley will provide an up-to-the-moment overview of the region's office, industrial, retail and multifamily markets at RENTV's annual conference about this important part of the sta...
| Kennedy Wilson Completes $304 Mil in Sales
Global real estate investment company Kennedy Wilson (KW) recently collected $304 mil from the sales of two assets, one of which was a 615-unit apartment community in Alameda called Summer House. That property sold for $231 m...
| Tech Industry’s Impact on Office Demand Spilling over into Submarkets with more Traditional Spaces
The willingness of tech companies to pay a premium for office space in the hottest tech submarkets is spilling over into neighboring submarkets as available space dwindles, according to CBRE’s annual Tech-30 report, which mea...
| Law Firms Adjusting Real Estate Strategies to Respond to Changing Workplace Needs
Law firms are adjusting their real estate strategies in response to advances in technology, shifting client demand, aging workforces and intense competition to attract and retain skilled talent, according to a new report from...
| CA Housing Affordability Drops to Lowest Level in 10 Years
California’s housing affordability hit a 10-year low as tight housing inventory drove home prices higher and reduced purchasing power for homebuyers in the third quarter, primarily in previously more affordable regions such a...
| Outlook for U.S. Commercial RE Lending Market Remains Upbeat
Commercial real estate lending markets remained on the upswing in Q3 2017 with rising equity prices, limited volatility and tightening spreads, according to the latest research from CBRE.
The CBRE Lending Momentum Index, whi...
| CBRE Group Acquires Heery International Inc
CBRE Group Inc has completed its previously-announced acquisition of Heery International Inc (Heery), the project management and design engineering business of the international infrastructure group, Balfour Beatty LLC.