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May 30, 2023
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• San Diego Unified School District Begins Work on $55 Mil K-5 Elementary School
The (SDUSD) has started construction on a $55 mil, K-5 elementary school located in the Mission Valley area of San Diego. The 77.3k sf school will be technology-oriented and accommodate up to 500 students and supporting staff...
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• Pandemic Stokes Already Robust Demand for Real Estate in the Life Sciences Sector
This report was provided by real estate services firm CBRE The pandemic has accelerated momentum in the U.S. life sciences industry, particularly amid the race to produce a COVID-19 vaccine and develop other medicines for hu...
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• Office Demand in San Diego Faces Significant Decline Amid COVID Pandemic
This report was provided by the San Diego region office of real estate services firm Colliers International Written by: Christopher Reutz Research Director | San Diego Region Colliers International Behind the Numbers • ...
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• LA-based JRK Property Holdings Expects to Complete $1.6 Bil in Deals by Year End
LA-based JRK Property Holdings, one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD, as the first in a series of acquisitio...
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• Highgate to Acquire Six Hospitality Portfolios from Colony Capital in $2.8 Bil Transaction
Colony Capital Inc has entered into a definitive agreement to sell six of its hospitality portfolios to Highgate, a premier real estate investment and hospitality management company, in a transaction valued at $2.8 bil, inclu...
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• After Depressed Second Quarter, U.S. Hotel Industry is on Recovery Path
This report provided by CBRE. After facing the lowest occupancy levels since the 1930s and the greatest declines in revenues and profits ever experienced in the second quarter, the U.S. hotel industry is poised to begin a mu...
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• LifeStance Health Inks Nine Leases in the L.A. Area Deals total over 44k sf
LifeStance Health Inc, a national outpatient behavioral health clinic, has signed eight new office leases and one expansion across the Greater Los Angeles area in the past year. The deals total 44.5k sf of space. The leases ...
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• Long Beach Multifamily Sales Volume Down 50% for the First Half of 2020 Compared to 2019
This report was provided by Kidder Mathews Multifamily transaction volume in Long Beach is way down, according to Kidder Mathews September 2020 Multifamily Market Update. The total sales volume for the first half of 2019 was...
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• Silicon Valley Sees Sixth-Most Data Center Leasing in North America in H1 2020
This report was provided by CBRE Driven by demand from cloud service providers, Silicon Valley tied for the sixth-most data center leasing activity in North America in the first half of 2020, according to CBRE’s latest Nort...
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• Net-Lease Comprises Bigger Share of Commercial Real Estate Investment Activity
This report was provided by CBRE Net-lease investment fell significantly in Q2 2020, but comprised the highest share of total volume on record amid a sharp decline in commercial real estate investment activity caused by the ...
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• Construction Spending Edges Higher in July
By: Mark Vitner, Senior Economist Wells Fargo Securities Economics Group Charles Dougherty, Economist Wells Fargo Securities Economics Group Construction activity appears to be holding up fairly well relative to other ha...
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• Excel Packaging’s HQ Becomes First OC WELL-Certified™ Space
The first WELL-Certified™ space in Orange County – Excel Packaging’s headquarters located at 9313 Research Dr in Irvine – has been completed. H. Hendy Associates led the WELL certification for the 7k sf office space, which ea...
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• Tauro Capital Advisors Arranges Three Real Estate Debt Facilities Totaling $50 Mil
Tauro Capital Advisors Inc has secured a total of $50 mil in revolving debt facilities that will enable single-tenant, triple-net-leased developers to expand their portfolios through new site acquisitions and development. Ta...
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• Clean Up in the Laundromat Biz!
PWS Laundry, which has developed more than 3,000 laundromats and at one time operated in 17 states, is expanding. The company seeks to open 30 to 50 new locations across the U.S. in the next 12 months, maximizing its experti...
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• Architectural Services Firm AO Acquires Sunnyvale-Based WHL Architects
Architectural services firm AO has launched a new design studio, AO Science + Technology, following its acquisition of WHL Architects, a Sunnyvale-based science and technology design firm founded in 1987 by Douglas White, AIA...
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• Check Out RENTV's Latest Podcast!
The commercial real estate industry has found its voice!! We've just posted the latest episode of the RENTV CRE News & Views Podcast by Steve Bloom, sponsored by Capital Rivers Commercial and Redwood Mortgage. RENTV's CRE N...
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• 1.8 Million Jobs Were Created in July, Exceeding Expectations
This U.S. Economic Watch report was provided to us by global real estate services firm CBRE Executive Summary • 1.8 million jobs were added in July vs. an expectation of 1.5 million, following the strong gains that were ac...
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• Steve DeGennaro Appointed Chief Financial Officer at Marcus & Millichap
Steve DeGennaro has been appointed as Chief Financial Officer at real estate investment services firm Marcus & Millichap, effective August 17, 2020. DeGennaro will succeed Marty Louie, Chief Financial Officer since 2010. Lou...
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• California Commercial Real Estate to Be Negatively Affected Through 2023 Due to Impact of Pandemic
In the wake of the current pandemic-induced economic recession, the Summer 2020 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows uniform pessimism and a drop in sentiment for developers acro...
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• Evolution of Online Retail Drives Retail-to-Industrial Conversion Projects Across the U.S.
This report was provided by real estate services firm CBRE A new CBRE report finds that 13.8 msf of retail space has been converted to 15.5 msf of industrial space across the country since 2017. As ecommerce continues to exp...
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