| Hong Kong and Beijing are World’s Highest-Priced Office Markets
Hong Kong is the world’s highest-priced office market, according to CBRE Group, Inc.’s new Global Prime Office Rents survey. European markets showed the most consistent growth in prime office rent, mostly due to a lack of sup...
| NSB Developing Creative Office Project in El Segundo
SoCal-based NSB Associates is developing Ascend, a stand-alone, 80k sf creative office building designed by legendary architect Frank Gehry. Located at the Utah Avenue Campus in El Segundo, the building is expected to be avai...
| CA Home Sales and Prices Dip from January but Remain Well Above Prior Year
After starting the year on a positive note in January, California home sales and median price backpedaled a bit in February, but still showed strong gains on a yearly basis, according to the latest data from the California As...
| The Majority of Real Estate Investors in the Americas Expected to be Net Buyers in 2017
The prospect of increased U.S. economic growth combined with less regulation, means that investor sentiment for commercial real estate investment is marginally more positive than last year, despite the potential for rising in...
| LA’s South Bay Industrial Market Closed Out 2016 with a Booming Fourth Quarter
Los Angeles’ South Bay industrial market closed out 2016 on a strong note, posting nearly 1.4 msf of net absorption in the fourth quarter of the year – the biggest three-month total since 2004, according to Colliers Internati...
| CBRE Announces 2017 Winners of Global Urban Photography Competition
Moin Ahmed, from Bangladesh, has been named as the winner of CBRE Group, Inc.’s Urban Photographer of the Year competition. Ahmed’s image, “The Man’s Stare,” captures the entrancing visage of a train rider during a rainy day ...
| Barbara Armendariz Launches Boutique Real Estate Services Firm with Kevin Herron
A new, boutique real estate services firm for the retail and industrial property sectors has been launched. The company, SharpLine, is led by President and Founder, Barbara Armendariz, who previously served as a vice presiden...
| Kidder Mathews Acquires OC Property Manager Alden Management Group
Kidder Mathews has acquired Costa Mesa-based Alden Management Group, a commercial property management firm with a large portfolio of office, industrial, and retail properties located throughout the greater Southern California...
| Savills Studley Buys Cresa Orange County
Savills Studley has acquired Cresa Orange County, a move that enables Savills Studley to increase its presence in the region and expand its platform across North America.
Savills Studley has had an office in Orange County s...
| Draftsmen & Craftsmen
McCormick Construction has completed the $2.7 mil renovation of LINQ, an 80k sf creative campus located adjacent to the Redondo Beach Metro station at 2400 Marine Ave in Redondo Beach. Owned by Montana Avenue Capital Partners...
| Inland Empire Ranks Second among U.S. Markets for Number of 1 msf+ Facilities Built from 2010 to 2016
The rapid growth of e-commerce has created a big trend in U.S. industrial markets: a proliferation of warehouses spanning 1 msf or larger in total size. The Inland Empire is among the top U.S. markets that witnessed the const...
| Shaun Stiles and Katie Cowan Join Cushman & Wakefield
Industry veterans Shaun Stiles and Katie Cowan have joined Cushman & Wakefield. Stiles joins as Executive Director and Cowan joins as Director. The new appointments will be based out of the firm’s Downtown Los Angeles office....
| Election Seen as Having Little Impact on California Commercial Real Estate
The Winter/Spring 2017 Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey, taken entirely after the November 8th election, shows no discernable economic shift, despite Hillary Clinton having been the heavy fav...
| San Bernardino County’s Upcoming State of the County Business Forum to Feature Forbes Publisher Karlgaard and ESRI Founder Dangermond, Among Others
San Bernardino County will present its annual State of the County and Business Forum themed “Where Vision & Opportunity Meet” on March 8, 2017 at the Citizens Business Bank Arena in Ontario. The presentation will bring togeth...
| US Industrial Market Absorbed a Record 283 msf of Space in 2016
U.S. industrial markets absorbed 63.6 msf of space in the final quarter of 2016, which propelled net absorption for the year to a record-setting 282.9 MSF, according to the latest research info provided by real estate service...
| Lew Horne Appointed President of CBRE Group’s Newly Formed SoCal-Hawaii Division
Lewis C. Horne has been appointed president of CBRE Group Inc’s newly formed Southern California-Hawaii Division. In this expanded role, Horne will now have executive oversight for the San Diego and Hawaii markets, in additio...
| San Diego Office Market Closes Out the Year with Strong Absorption Numbers
San Diego’s office market enters 2017 with continued strong numbers. Fourth-quarter office leasing activity was the highest ever in any single quarter, according to the latest data from CBRE research. Demand was particularly ...
| Prime Logistics Yields Across Globe near Historic Lows, Spurred by Growth of E-Commerce
The rapid rise of e-commerce has pushed investment yields on prime logistics properties across the globe close to record lows – indicating high property values -- with North American markets accounting for seven of the 10 low...
| CBRE Group Acquires Software Solutions Service Firm Floored Inc
CBRE Group has acquired Floored Inc, a leading producer of SaaS (Software as a Service) solutions, including scalable, interactive 3D graphics technology, for the global commercial real estate industry. Floored gives CBRE’s ...
| U.S. Macro Forecast: Longer, Stronger and Bumpier
The U.S. economy and property markets are positioned to perform well in 2017, following a turbulent year in 2016, according to global commercial real estate services firm Cushman & Wakefield. This, and the overview to follow,...