| E-Commerce Related Demand Is Driving New Warehouse Construction in West Coast Markets
This report was provided to us by real estate services firm CBRE.
Strong market fundamentals in key West Coast markets are driving new warehouse development to the highest levels in decades, much of it speculative, according...
| Commercial Real Estate Financing Briefs
NORTHMARQ CAPITAL - Michael T. Elmore with NorthMarq Capital secured $56 mil in refi money on Highland Pinetree Apartments, a 320-unit multifamily property located at 1501 South Highland Ave in Fullerton. The property is oper...
| OC Multihousing Market Set Record with Highest Average Asking Rent in 1Q 2019
The average asking rent for Orange County multifamily housing set a new record in 1Q 2019, according to the latest data from real estate services firm NAI Capital. The average asking rent hit $1,979/unit, up 0.5% from the pri...
| Santa Maria Res Development Refinanced with $35 Mil Take-Out Loan Prior to Completion
Dynamic Development Company has financed Refugio Apartments, a 125-unit luxury townhome rental community in Santa Maria, with a take-out loan of $35 mil. The refi, arranged by JLL Capital Markets and provided by Annaly Capita...
| National Industrial Vacancy Rate Increased Slightly in Q1 2019
This report was provided by Transwestern Commercial Real Estate Services
The overall vacancy rate for industrial buildings across the U.S. ticked up for the first time in nine years, to 4.8%, according to Transwestern Commer...
| NAR Teams Up with CREXi
In an effort to provide an enhanced commercial real estate information service for Realtors®, members of the National Association of Realtors® (NAR) have partnered with Commercial Real Estate Exchange Inc (CREXi), the popular...
| Vista Office Complex Undergoes $1.5 Mil Renovation
Coseo Properties has just completed an extensive, $1.5 mil renovation of Atrium, a 102.1k sf office property in Vista. The three-building, multi-tenant complex is located at 380, 400 and 410 S. Melrose Dr.
| Suarez Brokerage Company Leases 52k sf Just North of U.S./Mexico Border
Suarez Brokerage Company Inc signed a 60-month, $2.5 mil lease for a 52.5k sf ($0.80/sf/mo) space in San Diego’s Otay Mesa. The tenant will maintain the space for their California headquarters and sales office
The building i...
| Draftsmen & Craftsmen
Work has begun on Orange Coast College’s (OCC) new $36 mil Kinesiology and Athletics Complex in Costa Mesa. The 88k sf, multi-building complex is one part of a broader project to revitalize and modernize OCC’s campus, and one...
| RiverRock Real Estate Group Lands Management Contract for Retail Portion of Liberty Station in San Diego
May 13, 2019 RiverRock Real Estate Group Lands Management Contract for Retail Portion of Liberty Station in San Diego
Assignement includes over 328k sf of space
Pendulum Property Partners has awarded RiverRock Real Estate G...
| BKM Capital Partners Closes Its Second Institutional Fund with $382 Mil in Equity Commitments
BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light multi-tenant industrial investments, has closed its second institutional fund, BKM Industrial Value Fund II, L.P., with $382 mil in eq...
| Meet the Leading Inland Empire CRE Experts Who Spoke at RENTV's State of the Market Conference
At RENTV’s annual Inland Empire State of the Market Conference just held on April 25 at the Embassy Suites by Hilton Ontario Airport hotel in Ontario, some of the region’s top commercial real estate pros shared their insight ...
| OC Office Asking Rates Hit New High in First Quarter 2019
The Orange County office market ended 1Q 2019 in a strong position. The average asking rent rose to the highest level on record while the vacancy rate inched up with construction added to the inventory, according to the lates...
| Premier Business Centers Rebrands to Premier Workspaces
Premier Business Centers®, one of the largest privately owned flexible workplace operators in the U.S. with a 17 year operating history and over 90 shared workspace locations, has rebranded as Premier Workspaces®. The new nam...
| Foreign Investment into Industrial Assets Nearly Tripled Year over Year in the Greater Los Angeles/Orange County/Inland Empire Region
Foreign investment in Greater Los Angeles/Orange County/Inland Empire (GLA/OC/IE) industrial assets nearly tripled year-over-year, ranking the region number one in 2018, according to CBRE Research and Real Capital Analytics (...
| Economic Growth, Abundant Capital and Favorable Supply-Demand Dynamics to Keep Cap Rates stable
Strong economic growth, abundant capital, and a favorable supply and demand environment led to broadly stable capitalization rates for U.S. commercial real estate assets in the second half of 2018, according to the latest res...
| Stirling Development Teams Up with Prologis in Future development at Southern California Logistics Airport in Victorville
Stirling Development has entered into a joint venture with Prologis, who will take over as 50% capital partner for Stirling Capital Investments. Together, the two companies plan to continue the build-out of the Southern Calif...
| Savills Studley Inc has Rebranded as Savills Inc
Savills Studley Inc has rebranded as Savills Inc, effective immediately. This change aligns the U.S. arm of the business with the global platform of Savills plc (SVS.L). The firm has also changed its email and web addresses t...
| JLL Acquires Corporate Concierge Services
JLL has acquired Corporate Concierge Services (CCS), a national provider of onsite tenant amenity and concierge solutions for retail, office, residential and hospitality properties. The acquisition, which is effective immedia...
| SoCal Data Center Leasing Activity Up 23% in 2018
This report was provided by commercial real estate services firm CBRE
Driven primarily by demand from enterprise companies in the entertainment and financial industries, as well as online content providers, Southern Californ...