| 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...
| San Diego’s Industrial Market Enjoyed a Strong 3rd Quarter 2015
San Diego’s industrial market closed out the third qurter of 2015 with strong numbers, posting the highest positive net absorption since Q3 2006. The region also saw construction activity increase once again, according to the...
| Premier Business Centers to Offer New Concierge Service to Its Clients
Premier Business Centers, the largest privately owned executive suite operator in the US, has teamed up with Portero Concierge Inc to launch Premier Concierge Service. Powered by Portero, Premier Concierge Service will provid...
| Draftsmen & Craftsmen
Woodland Hills-based Klorman Construction has been selected to provide the structural concrete work on drug maker Gilead Science Inc’s planned 400k sf, corporate office and manufacturing facility in La Verne.
Rudolph and Sle...
| U.S. Office Rents Growing at Fastest Pace in Seven Years
Despite the recent global volatility, tenant demand for U.S. office space remained strong in the third quarter of 2015, pushing rental rates up in three-quarters of the U.S., according to new research by Cushman & Wakefield. ...
| Palisades Mexico Partners Launches $150 Mil Palisades Income & Growth Fund II
Palisades Mexico Partners (PMP), a joint venture between Joaquin de Monet, founder and managing principal of Palisades Capital Realty Advisors LLC, and Sergio Argüelles, president/CEO of Monterrey, Mexico-based real estate de...
| Inside the Spruce Goose Hangar
By Allen Wolfsheimer
Here’s a shot of how the interior of the former Howard Hughes’ Spruce Goose hangar looks today. The structure is part of The Ratkovich Company’s (TRC) Hercules Campus at Playa Vista, a 28-acre, 530k sf o...
| West LA Office Market Riding Wave of Tech Demand
This report on the impact of tech industry-related firms on the office market in Los Angeles was provided to us by CBRE Group Inc.
Although not yet the dominant industry sector in commercial real estate, technology companies...
| Top Tech Cities Draw Hefty Rent Premium for Office Space
Businesses looking for office space in the nation’s hottest tech markets should expect to pay a premium – and a hefty one in many of the top tech cities, according to a new research report by CBRE Group, Inc. The report, whic...
| California Home Sales Cool in August
Home sales remained above the 400,000 mark in August for the fifth consecutive month and rose to the highest level since October 2012. Closed escrow sales of existing, single-family detached homes in California totaled a seas...
| US Multifamily Investment Hits $127 Bil Over 1-Year Period Ending Q2 2015
Investment in U.S. multifamily reached $127 bil for the year ending Q2 2015—the highest four-quarter total in history and growth of 36% over the 12-month period, according to the latest research from CBRE. The total surpasses...
| CBRE Completes Acquisition of Johnson Control’s Global Workforce Solutions
CBRE Group Inc has acquired Johnson Controls Inc’s Global Workplace Solutions business, a market-leading provider of enterprise facilities management solutions for global corporations and other large occupiers of commercial r...
| Pro Moves
Izzy Eichenstein - CBRE Group Inc. announced today that Izzy Eichenstein has joined CBRE Group Inc as Vice President. Based in the El Segundo office, Eichenstein will focus on industrial investment, serving private client inv...
| CA Homes Sales in July Reach Highest Level in Three Years
Sustained job and income growth gave home buyers the confidence in July to jump into the California housing market, pushing home sales to their highest level in nearly three years, according to the latest data from the Califo...