| 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...
| Robert Hart Honored by the Los Angeles Real Estate & Construction Industries Council of the The City of Hope
Robert Hart, Founder and CEO of TruAmerica Multifamily, was recently presented with the Spirit of Life Award from the Los Angeles Real Estate & Construction Industries Council of the The City of Hope for his outstanding profe...
| Commercial Real Estate Financing Briefs
BERKELEY POINT CAPITAL - Berkeley Point Capital recently provided a Prime Residential affiliate with $105 mil in acquisition financing for the purchase of Avion at Spectrum, a 448-unit luxury apartment complex located in San ...
| 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.
| San Diego Sees Rejuvenated Industrial Market in the Third Quarter
Following a sluggish second quarter, characterized by local experts as an ‘early summer’, San Diego’s industrial market was rejuvenated in the third quarter with nearly 650k sf of occupancy growth, according to Cushman & Wake...
| International Appetite for U.S. Industrial Real Estate Surges
Strong fundamentals, the growing sophistication of logistics facilities and e-commerce growth has led to a surge in foreign industrial investment in the U.S., according to the latest research from CBRE.
Foreign investors ha...
| SoCal Expected to See Triple-Digit Residential Rent Increases Over Next Two Years
The 2017 University of Southern California Casden Economics Forecast finds that rising employment combined with an ongoing lull in homeownership will again drive rent increases over the next two years throughout the region.
| U.S. Office Vacancy Drops to 12.9%
Vacant office space in the U.S. declined by 10 basis points (bps) during the third quarter of 2017 (Q3 2017) dropping to 12.9%, according to the latest analysis from CBRE. Continuing a recent pattern, suburban office markets ...
| SoCal Data Center Market Remains Stable
The Southern Californian area continues to remain a stable market for data centers, according to a new report from CBRE. Vacancy decreased to 16.3% for wholesale product and net absorption in H1 2017 totaled roughly 1.9 megaw...
| Draftsmen & Craftsmen
Renovation work has been completed at Harbor Medical Center, a three-story, 35.7k sf medical office building in Fullerton. The property is located at 2720 N. Harbor Blvd, near Bastanchury Rd and St. Jude Medical Center.
| Hong Kong Still the World’s Highest-Priced Office Market
Hong Kong is once again the world’s highest-priced office market according to CBRE’s semi-annual Global Prime Office Rents survey. The study also found that markets in the Americas and EMEA showed the most consistent growth i...
| West Los Angeles Office Landlords Discuss Changing Trends at RENTV’s State of the Market Conference
By Allen Wolfsheimer
A panel of L.A. office landlord experts discussed changing trends in the market at RENTV’s annual Westside Los Angeles State of the Market Conference, held Thursday, August 17, at the DoubleTree by Hilto...
| Aging U.S. Population is Boosting Demand for Medical Office Space
The aging U.S. population, pressure for healthcare providers to cut costs and new technologies have boosted demand for medical office properties in recent years, according to a new report from CBRE. The U.S. Census Bureau est...
| Trigild Takes Over Management of San Diego Medical Office Property
San Diego-based Trigild has taken over the day-to-day management of more than 240k sf of retail and commercial property. This includes Pacific Medical Plaza, a three-story, medical office property at 4910 Director's Place in ...
| Draftsmen & Craftsmen
Construction has been completed on the Newport Beach Country Club, a 65k sf, two-level development by International Bay Clubs LLC. The $50 mil project was built by C.W. Driver Companies’ affiliate Driver SPG, an arm that spec...
| 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...
| Watch Presentation on DTLA's Exciting Metropolis Development
Keynote presentation by Ryan Aubry, Director of Development at Greenland USA, at RENTV's Downtown Los Angeles State of the Market Conference on April 19, 2017
| 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...