| CREXi Secures $11 Mil Series A Investment
CREXi, a leading marketplace and technology platform for the commercial real estate industry, has obtained $11 mil in Series A financing. The round was led by Jackson Square Ventures. Other investors in the round included Man...
| Premier Business Centers Hires Michael Pollack as Vice President/Director of Real Estate
Michael Pollack has been named Vice President, Director of Real Estate for Premier Business Centers, the Irvine-based flexible workspace operator.
Pollack will be handling all new location acquisitions and renewals, as well ...
| Dominion Mortgage Corporation Wraps Up One of Its Best 12-Month Periods in 40 Years
Dominion Mortgage Corporation, the 40-year-old, national real estate loan provider, has just completed one of its most successful 12-month periods in the company’s history.
Established in 1977, Dominion Mortgage Corporation...
| BKM Capital Partners Completes First Close of Second Institutional Fund
BKM Capital Partners has completed the first close of its second institutional fund, BKM Industrial Value Fund II, L.P., with $135 mil in equity commitments as well as $25 mil in co-investments. The firm also currently has an...
| Construction Costs Surge in April
This report was provided to us by the Associated General Contractors of America Labor Department
The cost of goods used in construction jumped in April at the fastest year-over-year rate since 2011, with ongoing increases fo...
| Transwestern Awarded 6.5 msf Management Assignmen
Washington Capital Management, on behalf of its client, has selected Transwestern to provide property management and project/construction management services for nearly 6.5 msf of office and industrial assignments in Southern...
| Los Angeles Ranked First in 2017 for Institutional Capital Investment
A new report from global real estate services firm CBRE reveals that the Los Angeles market jumped ahead of Manhattan to become the largest destination for institutional capital in the nation. A diverse group of foreign buye...
| Prologis to Acquire DCT Industrial Trust for $8.4 Bil
Prologis Inc. (NYSE: PLD) and DCT Industrial Trust Inc (NYSE: DCT) just agreed to a merger by which Prologis will acquire DCT for $8.4 bil in a stock-for-stock transaction, including the assumption of debt. The boards of dire...
| Portland’s Centrl Office to Set-Up Co-Working Space in LA’s Little Tokyo
Portland-based Centrl Office, a provider of collaborative co-working office space, has agreed to a 10-year lease for 29k sf in Little Tokyo’s Brunswig Square in downtown Los Angeles.The lease value was not disclosed.
| Total Self-Storage Inventory for L.A. County Expected to Increase by 2.1% in 2018
This 2018 Los Angeles County 2018 Investment Forecast for the Self-Storage Industry was provided to us by the Los Angeles office of real estate services firm Marcus & Millichap.
Four employment sectors eac...
| San Bernardino County Job Growth Running Ahead of Orange and Los Angeles Counties
As businesses and residents continue to be priced out of Southern California’s coastal communities, San Bernardino County is experiencing growth across a number of economic indicators. That fact and more was part of the infor...
| CA Home Sales Pick Up Again in February after Slow January
Led by the San Francisco Bay Region, California home sales registered healthy gains in February on both a monthly and annual basis after January’s weak start, according to the most recent monthly data from the California Asso...
| Assessed Value of Los Angeles County Commercial Real Estate Tops $400 Bil
This report was written and provided to us by CBRE Research.
Last year, commercial property assessed values in many Los Angeles County municipalities increased at faster rates than single-family homes and residential income ...
| Strategic Legacy Investment Group and W Design Developments Team Up in Senior Housing Development Venture
LA-based Strategic Legacy Investment Group Inc and W Design Developments have formed a partnership called We Strategic Development Corporation to design, build, and maintain seniors housing facilities. The two entities initia...
| Premier Business Centers Acquires Its First Location in NY City
Premier Business Centers®, the big Irvine-based flexible workspace operator, has acquired its first location in the state of New York by purchasing Prime Office Centers’ 521 5th Avenue location in New York City. The building ...
| A Majority of Real Estate Investors in the Americas Anticipate Increased Buying Activity in 2018
A prolonged period of U.S. economic growth, as well as tax cuts and favorable regulatory changes, has turned commercial real estate investors more positive going into 2018 than they were at the start of last year, according t...
| Bixby Land Company and AXA Investment Managers - Real Assets to Go on Industrial Buying Spree
Bixby Land Company and AXA Investment Managers - Real Assets have reached an agreement to acquire as much as $400 mil of industrial properties. The joint venture with AXA IM - Real Assets fuels a strategic increase in Bixby’s...
| Pro Moves
Aaron Hill - Aaron Hill was named President at Bixby Land Company, extending a successful 11-year tenure at Bixby where he most recently served as executive vice president and chief operating officer. Bill Halford, who has se...
| Latest Allen Matkins / UCLA Anderson Forecast California CRE Survey Suggests Federal Tax Overhaul Favors the Commercial Real Estate Industry
The Winter/Spring 2018 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey reflects the favorable changes to the CRE market caused by the recent federal tax overhaul. The tax bill is expected to incr...
| CA Home Prices Continue to Rise While Sales Volume Slows Due to Lowest Inventory Levels in 13 Years
Amid the lowest housing inventory levels in more than 13 years, existing home sales still eked out a year-over-year gain, while the median sales price posted a solid annual increase, per the latest figures from the California...