| Marc D. Renard Promoted to Executive Vice Chairman of Cushman & Wakefield’s Capital Markets Group
Marc D. Renard has been promoted to Executive Vice Chairman of Cushman & Wakefield’s Capital Markets Group. Renard, who is based in C&W’s Downtown Los Angeles office, has consistently been recognized as one of the firm’s top ...
| Millennials, Baby Boomers and Favorable Financing Drive Multifamily Cap Rate Strength Throughout U.S.
Lifestyle changes from Millennials, Baby Boomers and a favorable financing environment contributed to resilient multifamily capitalization rates in the U.S. over the first half of 2016—according to the latest research from gl...
| Overall CRE Investment from the Middle East Has Seen a Sharp Uptick
Middle East investment in global commercial real estate reached nearly US$10 billion in the first half of 2016, with the target markets becoming more diverse and a substantial uptick in activity in the U.S., according to the ...
| San Jose, Los Angeles and San Diego Ranked as Three of the Top Five Undersupplied Markets for Self-Storage Facilities
New York, San Jose, Los Angeles, San Diego and Baltimore rank as the top five undersupplied markets when it comes to self-storage facilities according to a new report from the Self Storage Valuation Group at CBRE Valuation & ...
| U.S. Economic Expansion Resilient in the Face of Slowing Global Demand
The U.S. economy weathered rough headwinds in the first half of 2016, however, the key demand drivers that support property markets—consumer confidence, job growth, low interest rates and consumer spending—all remain firmly i...
| Inland Empire Retail Market Continues to Grow
By Brad Umansky, President of Progressive Real Estate Partners
The demand for retail space in SoCal’s Inland Empire region is the strongest it has been since 2007. Rents for new projects are exceeding the pre-recession high...
| C&W Team to Handle Leasing for West Covina Medical Office Property
GWP Real Estate has awarded the leasing assignment for an 89.4k sf medical office property in West Covina to the Cushman & Wakefield tean of John Bibeau and Steve Saunders. The Class A property is located at 1135 S. Sunset Av...
| Draftsmen & Craftsmen
Renovation of the Davidson Library at University of California, Santa Barbara (UCSB) has been completed. The $58.5 mil project was done by C.W. Driver Companies.
The project included the addition of a 62k sf, three-story bu...
| Demand for Creative Office Space in LA May Climb to as Much as 44 msf
Demand from current occupants, technology, creative and co-working tenants could result in as much as 44 msf of demand for creative office space in the Greater Los Angeles region in the next few years, according to the latest...
| Demand for SoCal Multifamily Housing Still Rising
Demand for multifamily housing in Southern California continued rising in the first half of 2016, absorbing much of the newly completed supply in most markets, according to NAI Capital’s latest Multifamily Market Outlook Repo...
| Draftsmen & Craftsmen
Work has been completed on Crafton Center, a new two-story, 46.5k sf student services facility at the San Bernardino Community College District’s Crafton Hills College in Yucaipa. The project was built by LA-based Bernards o...
| Rand Sperry Launches New Broker-Oriented Real Estate Services Franchise
Rand Sperry has launched Sperry Commercial Global Affiliates LLC, a full-service commercial real estate franchise providing investment sales, leasing, and management services. Sperry, who serves as CEO, will leverage his deca...
| National Storage Affiliates Buys Portfolio of 22 Properties in California
National Storage Affiliates, a Colorado-based real estate investment trust, has acquired a portfolio of 22 self-storage properties, totaling 1.6 msf of space, in California. The price was not disclosed.
The Extra Space Stora...
| New Trends in Food-and-Beverage Concepts Driving Expansion at Retail Centers
With food-and-beverage outlets now among the fastest-growing categories in retail centers, a new CBRE Group Inc report identifies four emerging eatery formats poised for significant expansion: food trucks, food halls, celebri...
| Alex Kozakov and Patrick Wade Promoted to Senior Vice Presidents at CBRE Group
Alex Kozakov and Patrick Wade, co-leaders of a retail investment property sales team in downtown Los Angeles, have been promoted to senior vice presidents with CBRE.
Kozakov and Wade joined forces in 2006 and have focused on...
| LiquidSpace and Premier Business Centers Team Up to Provide Businesses a More Flexible Array of Creative Workspace Alternatives
LiquidSpace, the largest real-time network for office space, has entered into a new workspace partnership with Premier Business Centers, one of the largest, privately owned executive suite and alternative workspace companies ...
| E-Commerce Boom Creating Growth Boom for Top US Inland Port Markets
The rapid growth of e-commerce has fueled development of warehouses and distribution centers in the 12 primary U.S. inland-port markets at nearly twice the national rate, according to a new report from CBRE Group Inc. Califor...
| California Home Sales Reach Highest Level in Almost Four Years
After a couple months of lackluster growth in transaction volume, California existing home sales rose to their highest level in nearly four years in June, as sales surpassed the 400,000 mark for the fourth consecutive month, ...
| San Diego’s Retail Fundamentals Remain Sound
Real estate fundamentals in San Diego’s retail market remained very strong this last quarter, according to the most recent research provided by real estate services firm CBRE. Asking rates remained flat, and have not decrease...
| Latest Allen Matkins/UCLA Anderson Forecast California CRE Survey Questions Duration of Current Construction Boom
The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey signals that California commercial real estate continues its boom, but as U.S. economic growth slows, there are signs of this boom toppi...