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• U.S. Economy Expected to Contract More than 5% Just Over the Next Two Quarters
3/27/20
This special commentary was written and provided by Wells Fargo Commercial Banking’s Economics Group
By:
Jay H. Bryson
Acting Chief Economist
Wells Fargo Bank
Executive Summary
The rapidly evolving COVID-19 outbreak and...
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• California’s COVID-19 “Stay at Home Order” to Test Force Majeure Provisions in Many CRE Contracts
3/25/20
This column was written by the law firm of Jackson Tidus, out of Irvine.
As most of you are already aware, on Thursday, March 19, 2020, Governor Gavin Newsom issued Executive Order N-33-20, a "Stay at Home Order" intended to...
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• Strong Demand Has MJW Investments Boosting New Fund to $500 Mil
3/25/20
MJW Investments is creating a $500 mil investment fund focused on value-add multifamily and student housing, co-GP/JV opportunities and distressed debt/note sales.
According to the company, the size of the fund has been inc...
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• RENTV and CA CRE Pros Reeling From the Passing of Jim Wiegandt at Banc of California
3/24/20
By Steve Bloom
While dealing with the complete upheaval in the world, many in the California commercial real estate community were dealt another severe blow last week with the loss of Jim Wiegandt, EVP and Head of Real Estat...
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• The Coronavirus—the Prognosis for U.S. Real Estate and Real Estate Finance Given Current Market Conditions
3/10/20
While there is only speculation about the Coronavirus’ long-term impact on the U.S. real estate and the real estate capital markets, we can anticipate the short-term consequences, starting with construction projects, accordin...
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• Westcore Properties Raises $150 Mil Equity Facility
3/04/20
San Diego-based Westcore Properties has raised $150 mil in equity money through an institutional investor. Westcore, an industrial real estate firm, will use the facility along with third party debt to increase their buying c...
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• Tech Industry Plays Major Role in San Diego’s Office Market
3/03/20
The San Diego office of Cushman & Wakefield has just published a new report entitled Tech Industry’s Impact on San Diego’s Office Market, as of February 2020. This local report provides considerable analysis into many aspects...
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• Bridge Development Partners Completed Over $450 Mil in Acquisitions During 2019
2/25/20
Bridge Development Partners LLC has delivered nearly 1 msf of Class A industrial product and acquired more than 4.5 msf of future development across California in 2019. Across California in 2019, Bridge completed eight acquis...
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• Los Angeles Retail Market Sees Nearly $5 Mil in Transactions for 2019
2/25/20
This report was provided by real estate services firm Cushman & Wakefield
ECONOMY: LA Retail Sales Reach Record-Heights In 2019
The Los Angeles economy continued to expand through the fourth quarter of 2019 with healthy em...
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• Gold Leaf Farming Buys 36 Acres of Farmland in Southeast California
2/14/20
Gold Leaf Farming has acquired 36 acres of farmland in Bard Valley, in the very southeast corner of California. Consisting of two separate tracts, the property is developed with mature medjool date gardens.
The seller was a...
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• Capital Markets: Los Angeles County Boasts Highest Sales Volume in U.S. in 2019
2/13/20
This report was provided by real estate services firm CBRE
Los Angeles continues to be a hotbed of investment activity as investors flock to the region’s robust supply of institutional assets and stable pricing. For the four...
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• Orange County CRE Experts Speak to RENTV Audience at Annual Event
2/10/20
Here are the industry pros who made up the office, industrial, retail and multifamily panels at our annual State of the Market Conference for the region on January 29.
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• Providence St. Joseph Health Collects $59 Mil from Sale of 10 Properties
2/10/20
The first phase of a 344k sf, 10-property portfolio for Providence St. Joseph Health (PSJH) was purchased for $59 mil by a diverse group of investors ranging from private equity funds to physicians and multi-family developers...
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• Prologis to Sell $2.2 Bil of Notes
2/05/20
Prologis’ operating subsidiary, Prologis L.P., has priced an offering of three series of notes totaling $2.2 bil of principal. The offering consists of $500 mil aggregate principal amount of its 2.125% notes due 2027, priced ...
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• CREXi Lands $30 Mil Round of New Funding
2/04/20
CREXi, the online CRE marketplace platform, has received a $30 mil Series B funding round led by Mitsubishi Estate Company (“MEC”), Industry Ventures, and Prudence Holdings. Existing investors Lerer Hippeau Ventures, and Jack...
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• Inland Empire Easily Leads U.S. in Large Warehouse Lease Deals
1/29/20
The Inland Empire topped the list of the 100 largest warehouse deals in the U.S. last year with 21 transactions totaling 17.5 msf, according to a new report from CBRE.
The Inland Empire outperformed the next closest market ...
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• Prologis Acquires Real Estate Assets of Industrial Property Trust
1/09/20
Global logistics real estate giant Prologis Inc has completed the acquisition of the wholly owned real estate assets of Industrial Property Trust Inc (IPT) for approximately $4 bil in cash, including the assumption and repaym...
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• Kennedy Wilson Has Secured $775 Mil of Capital Commitments for Its Fund VI
12/31/19
Kennedy Wilson has exceeded its target, securing $775 mil of capital commitments, and closed fundraising for Kennedy Wilson Real Estate Fund VI (“Fund VI”), a private equity fund focused on value-add real estate investments a...
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• L.A. Area Multifamily Portfolio Financed with $35.6 Mil in Fannie Mae Money
12/19/19
Berkadia arranged $35.6 mil in financing, including an $18.1 mil cash out, on a 10-property, 305-unit multifamily portfolio in the Los Angeles area. The properties are located in Los Angeles, Santa Monica and the San Fernando...
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• Cold Storage Gaining Favor with Investors as Cap Rates Draw Closer to Those of Traditional Warehouses
12/18/19
This report provided by commercial real estate services firm CBRE
Investors increasingly are warming up to the U.S. cold storage warehousing sector, pushing cap rates for Class A facilities closer to those of traditional hig...
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