| Stewart Weston Joins CBRE Capital Markets
Stewart I. Weston has joined CBRE Capital Markets as executive vice president. Based in Newport Beach, Weston will focus on enhancing the firm’s institutional multifamily investment sales presence across Southern California.
| Patrick Toomey Joins Faris Lee Investments as Senior Managing Director
Patrick Toomey has joined Faris Lee Investments as senior managing director. In his new role, Toomey will lead client development, increase transaction volume, and anchor Faris Lee’s new Los Angeles area office, located in El...
| Pacific Castle Completes Two Property Acquisitions and One Sale in Deals Totaling About $50 Mil
Pacific Castle recently completed three CA transactions totaling more than $50 mil. The deals consisted of two acquisitions and one disposition.
In one of the acquisitions, Pacific Castle purchased Prune Tree Shopping Center...
| MARK YOUR CALENDAR: RENTV's Annual Orange County State of the Market Conference is January 26!
Don't miss this exciting and informative annual event about this important SoCal region. To find out how you can be involved in the conference, as a sponsor or a speaker, please call Steve Bloom at (310) 242-8613.
| UCLA Wins Silver Shovel at 2016 NAIOP Real Estate Challenge
On November 17, graduate student teams from the Ziman Center of Real Estate at UCLA’s Anderson School of Business and the Lusk Center at USC’s Marshall School of Business and Price School of Public Policy competed in a head-t...
| Rancho Cucamonga Self-Storage Property Goes for $13.5 Mil
Storage Max Self-Storage, an 83.4k sf, self-storage property in Rancho Cucamonga, sold for $13.5 mil, or $162/sf. The asset, located at 8363 Foothill Blvd, was sold by a local ownership group.
Nicholas Walker represented the...
| South OC Golf Course Property Trades Hands
Dove Canyon Country Club, a 230-acre golf club property in Rancho Santa Margarita, was acquired by SJS Tomorrow, LLC. The course, designed by golf legend Jack Nicklaus, was sold by Pacific Links International. The price was n...
| CBRE Report Identifies 20 Global Gateway Cities
Beijing, Boston, Chicago, Frankfurt, Hong Kong, London, Los Angeles, Madrid, Milan, Munich, New York, Paris, San Francisco, Shanghai, Singapore, Sydney, Tokyo, Toronto, Vancouver and Washington, D.C. are viewed as key targets...
| Orange County Climbs to #3 for Office Rent Growth in Nation’s Leading Tech Markets
Orange County ranked number three in the U.S. for office rent growth on CBRE’s annual Tech-Thirty list, which analyzies the 30 leading technology markets in the U.S. and Canada in terms of high-tech software/services job grow...
| Community Preservation Partners Agrees to Below-Market Lease with SolarCity for Solar Power Installation at Colton Property
Community Preservation Partners (CPP) has agreed to lease 2.2 unused acres at its Arbor Terrace Apartments affordable housing community in Colton to SolarCity at a below-market rate for the installation of a solar power syste...
| Sound Economic Fundamentals Continue to Propel U.S. Industrial Absorption
The U.S. industrial markets absorbed 74.9 msf of space in the third quarter of 2016, up 29.1% from the same period a year ago, according to the latest research from Cushman & Wakefield. This propelled year-to-date absorption...
| Joseph Faulkner Recruited as Executive Managing Director at NAI Capital
Joseph Faulkner has been hired as Executive Managing Director at real estate services firm NAI Capital. In his new role, Faulkner will oversee the firm’s Commerce office and lead efforts to build NAI Capital’s presence in Dow...
| San Francisco Ranks as the Nation’s Greenest City for Office Space
Institutional owners of office buildings continued to pursue green building certifications in the 30 largest U.S. markets during 2015. Continuing an upward trend over the past decade, green certifications are now held by 11.8...
| U.S. Office Vacancy Rates Hold Steady in Q3 2016
Vacant space in the U.S. office market held steady during the third quarter of 2016 (Q3 2016), at 13.1 percent, according to the latest analysis from CBRE Group Inc. The national office vacancy rate remained at the lowest lev...
| Welltower Inc Acquires 2,590-Unit Senior Housing Portfolio for $1.15 Bil
Welltower Inc has purchased a 19-property senior housing portfolio for $1.15 bil, or approximately $445k/unit. The 2,590-unit portfolio includes a combination of assisted living, independent living and memory care units. Eigh...
| Investor Interest in L.A. Remains Strong
Los Angeles has been invigorated by the golden touch of increased construction and redevelopment, particularly in downtown areas such as the Jewelry District, where landlords are capitalizing on the resurgence. Investors cont...
| Industry Icon John B. Kilroy, Sr Passes Away at the Age of 94
Click headline for LA Times obituary about the real estate legend
| 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 ...