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August 22, 2019
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• Premier Business Centers Opens Its First Location in Calabasas
Premier Business Centers has inked a deal for their first executive office suite location in Calabasas. The Irvine-based firm took 14.5k sf of space at Corporate Center Calabasas office park, located at 26565 West Agoura Rd, ...
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• Draftsmen & Craftsmen
Klorman Construction recently installed cast in place pile foundation for the new Passenger Boarding Bridges system in Terminal 2 at LAX, part of a major overhaul and renovation program of Terminal 2 designed to significantly...
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• Draftsmen & Craftsmen
Klorman Construction has been chosen by McCormick Builders to design a 525-vehicle parking structure for the 800 South Flower St. office building in Burbank. Woodland Hills-based Klorman will oversee and manage the construct...
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• The Bascom Group and Village Partners Team Up in Development Venture
Two Orange County-based real estate firms, The Bascom Group LLC and Village Partners Inc, have formed a joint venture called Village Partners Ventures LLC. Village Partners Ventures will target transit-oriented and mixed-u...
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• CA Housing Market Maintains Momentum Despite Tight Inventory
California existing home sales edged up in May, rising above the 400,000 benchmark level for the third straight month, while strained housing supply continued to push prices higher, according to the latest research from the C...
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• U.S. Construction Costs Continue to Rise
Despite the global collapse of commodity prices – including many key inputs to construction – overall construction costs continue to rise nationwide in large part due to labor supply and demand dynamics that first surfaced du...
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• Noah E. Hochman and Greg Campbell among Recent Promotions at TruAmerica Multifamily
TruAmerica Multifamily Senior Managing Director Noah E. Hochman has been named to lead the firm’s newly created capital markets group, and Senior Managing Director Greg Campbell will head the firm’s national acquisition team....
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• Global Prime Logistics Rents on the Rise, Fueled by E-Commerce Demand
Voracious global demand for e-commerce fulfillment centers and distribution centers fueled a 2.8 percent year-over-year increase in prime logistics rents globally, led by double-digit percentage gains in U.S. coastal markets,...
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• Phillips Edison Grocery Center REIT II Buys Grocery-Anchored Centers in Three States
Phillips Edison Grocery Center REIT II Inc has acquired three grocery-anchored shopping centers in Texas, California and Georgia. In California, Edison bought Broadway Pavilion, a 142.9k sf grocery store-anchored shopping ce...
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• The Klabin Company Refurbishes School Teachers Lounge in Wilmington as Part of Sharefest Workday
The Klabin Company/CORFAC International partnered with Phillips 66 for this year’s annual Sharefest Workday at Fries Elementary School in Wilmington. Sharefest, an organization that fosters youth development and volunteeris...
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• C-III Realty Services Becomes Part of NAI Global
C-III Realty Services, an institutional commercial real estate capital markets firm, has been combined with the operations of NAI Global. Through this combination, C-III Realty Services will become NAI Global Capital Markets ...
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• Strong First Quarter for San Diego’s Industrial Market
San Diego’s industrial market is off to a strong start in 2016 with many market fundamentals pointing toward continued improvement throughout the year, according to a first quarter 2016 report provided to us by CBRE. Net ab...
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• San Diego Retail Market Looks Stable
Fundamentals for San Diego’s retail market were stable this quarter, according to the latest research from CBRE. The region continued to be impacted by changes in the grocery store industry this quarter, however, that trend i...
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• HomeAid Orange County Launches 9th Annual Essentials Donation Drive
This past Tuesday, HomeAid Orange County, in partnership with the Children and Families Commission of Orange County, kicked off the 9th Annual Essentials donation drive at their Community Partner Luncheon held at Casa Teresa ...
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• Port of Long Beach Tops This Year’s CBRE Seaports Index
The Port of Long Beach snared the top spot from its Southern California neighbor, the Port of Los Angeles, on CBRE Group Inc’s second-annual North American Seaports and Logistics Index, due to the arrival of a new Asian shipp...
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• Commercial Real Estate Financing Briefs
CUSHMAN & WAKEFIELD MORTGAGE SERVICES - Kurt Scheidt and Terry Daly with Cushman & Wakefield’s Mortgage Services have arranged $46 mil in refi money on Montecito Plaza shopping center in San Rafael. Located at Third and Gran...
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• National Median Price for Owner-Occupied Homes has Flattened
HomeUnion, an online real estate investment management firm and data provider enabling value investing in residential properties, has released March 2016 data on the flattening U.S. housing market. According to HomeUnion’s re...
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• Industrial Tenant Expansion Opportunities Limited in LA Metro Area Due to Decreasing Vacancy Rates
Tenants are hard pressed to find expansion space in the LA Metro as vacancy rates for industrial buildings in Los Angeles and Orange Counties continue to decline. Meanwhile, the Inland Empire, despite absorbing more than 19 ...
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• Metropolitan LA Office Rent Growth Hits Eight-Year High
Here’s a first quarter 2016 look at the Los Angeles office market, provided to us by PM Realty Group: The Los Angeles metropolitan area’s economy continued to expand with a net 107,300 jobs added during the 12 months ending ...
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• CA Homes Sales Pick Up in March
California home sales rose from both the previous month and year to post the highest sales pace in six months, while strained housing supplies continued to push home prices higher, according to the latest figures from the Cal...
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