| Rising Rents and Industry Expansion Push Technology Firms To Key Growth Markets
Over the past year, 73 percent of the technology sector’s office leases represented occupancy growth, rather than initial leases, according to JLL’s just-released United States Technology Outlook report. With Northern Califor...
| Bank of the West Leases 5k sf in Pasadena
Bank of the West inked a 10-year lease for 5k sf of ground floor space at 595 East Colorado in downtown Pasadena. The space is currently under construction and is expected to be open in the first quarter of 2016.
The bank’s ...
| Draftsmen & Craftsmen
Renovation and modernization work of the East Tower Nursing Unit at Sharp Grossmont Hospital in La Mesa has been completed. The $26 mil project by general contractor C.W. Driver delivers facility upgrades local taxpayers appr...
| CA Home Sales Dropped in November to Lowest Level Since February 2015
California existing home sales fell in November from both the previous month and year for the first time in nearly a year as low housing affordability extended into Southern California, according to the California Association...
| London Remains World’s Most Expensive Office Market for 2nd Straight Year
London’s West End was the world’s highest-priced office market for the second straight year and Hong Kong Central, Beijing Finance Street, Beijing Central Business District and Hong Kong West Kowloon, took the other four of t...
| Commercial Real Estate Pros Getting into the Holiday Spirit at Annual Industry Events
It’s the holiday season and, like many of you, RENTV has enjoyed meeting up with friends and business colleagues at a few recent holiday get-togethers. A couple of notable events we had the pleasure of attending were annual p...
| Hanley Investment Group Real Estate Advisors Raises $35,000 for Movember
Hanley Investment Group Real Estate Advisors has raised awareness and critical funds for men’s health in November, one moustache at a time. Hanley Investment Group raised $35,000 for The Movember Foundation, surpassing what t...
| SoCal Among the Costliest Markets for Enterprise Data Centers
Southern California is among the most expensive markets for constructing, commissioning and operating a 5-megawatt (MW) enterprise data center over a 10-year period, due to the lack of tax incentives and the area’s steep powe...
| Sperry Van Ness to Become SVN
Commercial real estate services organization, Sperry Van Ness International Corporation, has formally changed its company brand name to SVN. The firm has offices in four countries serving 500 markets across the globe. The SVN...
| California REALTORS® disappointed FHFA did not increase Fannie Mae and Freddie Mac conforming loan limits
The California Association of Realtors® (C.A.R.) issued the following in response to the Federal Housing Finance Agency’s (FHFA) announcement to keep the 2016 maximum conforming loan limits for mortgages acquired by Fannie Ma...
| Steven C. Gordon Gives $1 Mil Gift to The UCLA Ziman Center for Real Estate
The UCLA Ziman Center for Real Estate has announced a major gift from Los Angeles Real Estate Entrepreneur Steven C. Gordon to establish the Steven C. Gordon Real Estate Student Endowment. The student endowment is the result...
| USC Wins Silver Shovel at This Year’s NAIOP SoCal UCLA vs USC Real Estate Challenge
On November 19 more than 300 real estate professionals gathered at USC’s Town and Gown for the annual NAIOP SoCal UCLA vs USC Real Estate Challenge. During this iconic Southern California real estate event, five-member studen...
| Pro Moves
Guy Ponticello / Bruce Westwood-Booth -- CBRE Capital Markets has strengthened its Corporate Capital Markets and Net Lease Property Group in the Americas with the appointments of Guy Ponticiello as Managing Director, and Bruc...
| When Black Friday Comes, It Will Be Thursday
More retailers are planning to get an early jump on Black Friday this Thanksgiving weekend. According to JLL’s just-released 2015 Holiday Sentiment Report, nearly one-third of retailers surveyed say they plan to open on Than...
| Commercial Financing Briefs
FIDENT CAPITAL – Fident Capital arranged $14 mil in joint venture equity for the acquisition, entitlement, and development of a 129-unit multifamily project in downtown San Diego’s Little Italy. The project includes 8k sf of ...
| The Sunset Wins “Outstanding Building of the Year” Award from BOMA LA
The Building Owners and Managers Association (BOMA) Greater Los Angeles chapter has named The Sunset “The Outstanding Building of the Year” (TOBY) in the “Under 100,000 Square Feet” category for 2015. The award recognizes out...
| CBRE Group Inc and Real Capital Markets Introduce CBRE Deal Flow
CBRE Group Inc and Real Capital Markets (RCM) have launched CBRE Deal Flow—a new online marketplace for buying and selling commercial real estate that is powered by a customized version of RCM’s technology platform.
| West Los Angeles Maintains Lowest Office Vacancy Rate Despite Negative Absorption for the Third Quarter
Despite experiencing negative net absorption for the first time in three years, the West Los Angeles office market again demonstrated its bullet-proof character during the just concluded third quarter by maintaining the lowes...
| Changing Law Firm Space Strategies Posing Challenges for Landlords
This report provided to us by JLL:
Despite the AmLaw 100’s revenue reaching a record $81 billion in 2014, law firms are focusing on efficiency to define their office layouts and locations. The legal sector is using creative ...
| Commercial Real Estate Financing Briefs
NORTHMARQ CAPITAL - Ory Schwartz of NorthMarq Capital’s Los Angeles regional office arranged a $42 mil refi loan on Nordahl Marketplace, a 304.8k sf retail property located at 708-775 Center Dr and 729 Nordahl R in San Marcos...