| Marketplace Shopping Center in Oxnard Inks Deals with Two Major Retailers
In Oxnard, there have been two recent leases with national retailers at The Marketplace shopping center. The transactions, which total about 50k sf, were with Restoration Hardware Outlet and Design within Reach Outlet
| Los Angeles Retail Vacancy Rate is Up Slightly and May Continue to Rise
The Los Angeles retail market vacancy rate ticked up 10 basis points to 4.3% in the second quarter of 2017 as 173.8k sf of newly completed construction was delivered to the market. According to the latest research provided by...
| California’s Commercial Real Estate Growth Expected to Start Slowing
The Summer/Fall 2017 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that broad segments of the market will be slowing down in the coming years. The biannual survey projects a three-year-ah...
| Draftsmen $ Craftsmen
C.W. Driver Companies has broken ground on the $17.9 mil construction of the new Mission Hills-Hillcrest Harley & Bessie Knox Public Library. The 14k sf, one-story structure will be nearly four times the size of the current l...
| L.A. Office Market Still on Track Despite Slight Vacancy Rate Increase in 2nd Quarter 2017
The second quarter of 2017 saw the Los Angeles office market vacancy tick up 10 basis points to 11.4%, as 705.5k sf of office space was completed during the quarter, according to the latest research provided by NAI Capital. T...
| Mid-Year Numbers Flat for San Diego Industrial Sector
San Diego’s industrial sector showed a minimal loss in occupancy during the second quarter, although it’s viewed as a mere blip as the market as a whole maintains solid footing, according to Cushman & Wakefield’s just release...
| Oakland, Portland, Sacramento, Dallas and Atlanta Rated Best “Buy” Markets for Office Property Investors
Oakland, Portland, Sacramento, Dallas and Atlanta are the five U.S. cities showing the greatest promise as “buy” opportunities for investors of office properties, according to a recent study by Ten-X Commercial, the online re...
| Draftsmen & Craftsmen
McCormick Construction has completed renovation work of Westfield’s U.S. headquarters renovation, located at 2049 Century Park East in Century City.
McCormick’s scope of work on the Westfield-designed space consisted of the ...
| Barrister Renews Executive Suite Location in San Diego’s Torrey Pines Area
Barrister Executive Suites Inc has renewed its lease for an 18.7k sf executive suites location in San Diego. The deal is for first floor space at The Torrey Reserve building, located at 11622 El Camino Real, adjacent to I-5 a...
| Experts Offer Valuable Insight on Changing DTLA Office Market at RENTV Conference
By Allen Wolfsheimer
At RENTV’s Downtown Los Angeles State of the Market Conference, on April 19, a number of top DTLA commercial real estate pros shared their thoughts about the region’s office, retail, multifamily and hos...
| San Jose and San Francisco Ranked as the Top Two U.S. Tech Cities According to Cushman & Wakefield
Los Angeles has emerged in 18th place out of the top 25 U.S. tech cities, with San Jose (Silicon Valley) and San Francisco capturing the first and second spots respectively, according to Cushman & Wakefield’s inaugural “Tech ...
| NAI Capital Sees Continued Strength for LA Multifamily Market in Foreseeable Future
Demand for multifamily housing in Los Angeles held tight in the first quarter of 2017 – amid a surge of newly completed supply added to the market. According to NAI Capital’s just-released Multifamily Market Outlook, the vaca...
| Strategic Legacy Investment Group Launches San Diego Operation
LA-based Strategic Legacy Investment Group Inc (SLIG) is expanding its real estate operations to San Diego, with the opening of a new branch there. The new branch will be named Strategic Legacy Realty, San Diego (SLRSD) and w...
| Historically Low Vacancy Rate Driving Up LA South Bay Industrial Property Values
In a market as “tight as a drum”, owners of industrial property are not asking what their building is worth. They’re asking what will the building be worth next month! That’s the central observation emerging from The Klabin ...
| Gelt Inc Forms New Mobile Home Venture
Gelt Inc has formed a new business venture, Happy Home Communities (HHC), which will focus exclusively on the acquisition and management of mobile home and RV resorts throughout the Western United States. HHC will be led by E...
| CA Homes Sales Drop in April While Prices Continue to Climb
Following a strong first quarter start, California home sales lost momentum in April, while the median home price accelerated to a near-10-year high, according to the latest data from the California Association of Realtors® (...
| Inland Empire Office Market Potential Strong as SoCal Growth Patterns Show Coastal Residents Moving East
As more and more west coast residents are moving east, to the Inland Empire, employers, namely in the office sector, are now reaping the benefits. A new report from CBRE suggests that the region could be the next untapped fro...
| Los Angeles Retail Asking Rates Continue to Increase
In the first quarter of 2017, the Los Angeles retail market vacancy rate ticked up 30 basis points to 4.1% as 532.8k sf were delivered to the market, according to the latest research from NAI Capital. This new space includes ...
| OC Office Market Vacancy Rate at Lowest Level Since 2007
At the end of the first quarter of 2017, the Orange County office market vacancy rate was in single digit territory, the lowest seen since 2007. The vacancy rate registered 9.1%, down 80 basis points from a year ago. At the e...
| U.S. Industrial Markets Continued to Post Strong Numbers in 1st Quarter 2017
U.S. industrial markets absorbed 53.8 msf of space in the first quarter of 2017, well above the quarterly absorption average of 49.3 msf witnessed during the current economic expansion and significantly higher than the averag...