| CBRE Lands Property Management Assignment for The Bloc in Downtown L.A.
National Real Estate Advisors LLC has awarded CBRE Asset Services the property management assignment for the retail and office components of The Bloc, a high-profile mixed-use redevelopment property in downtown Los Angeles.
| All-Star Line-Up of CRE Pros Spoke about Development in the L.A. Area at RENTV Conference
Some of the top commercial real estate pros active in the L.A. area came together last Thursday at RENTV's annual Greater Los Angeles Development Summit to discuss some of the major projects underway throughout the region. Be...
| Commercial Financing Briefs
NEWMARK - Mark Ritchie and Jasmine Polson with Newmark® arranged $43.4 mil in financing for a 285k sf shopping center in Lakewood, CO. Anchored by King Soopers, a supermarket brand of Kroger, and sub-anchored by Ross, Petco, ...
| Mark Moshayedi and Ryan Gallagher Form Space Investment Partners
Mark Moshayedi and Ryan Gallagher have joined forces to launch Space Investment Partners, an Irvine-based commercial real estate operating company. Space Investment Partners, a fully-integrated real estate investment, develop...
| Madison Marquette and PMRG to Merge Operations
Madison Marquette, a privately held commercial real estate investment and operating company, and PMRG, a privately held commercial real estate firm specializing in project leasing, property management, investment management a...
| CREXi Secures $11 Mil Series A Investment
CREXi, a leading marketplace and technology platform for the commercial real estate industry, has obtained $11 mil in Series A financing. The round was led by Jackson Square Ventures. Other investors in the round included Man...
| Premier Business Centers Hires Michael Pollack as Vice President/Director of Real Estate
Michael Pollack has been named Vice President, Director of Real Estate for Premier Business Centers, the Irvine-based flexible workspace operator.
Pollack will be handling all new location acquisitions and renewals, as well ...
| Dominion Mortgage Corporation Wraps Up One of Its Best 12-Month Periods in 40 Years
Dominion Mortgage Corporation, the 40-year-old, national real estate loan provider, has just completed one of its most successful 12-month periods in the company’s history.
Established in 1977, Dominion Mortgage Corporation...
| BKM Capital Partners Completes First Close of Second Institutional Fund
BKM Capital Partners has completed the first close of its second institutional fund, BKM Industrial Value Fund II, L.P., with $135 mil in equity commitments as well as $25 mil in co-investments. The firm also currently has an...
| Construction Costs Surge in April
This report was provided to us by the Associated General Contractors of America Labor Department
The cost of goods used in construction jumped in April at the fastest year-over-year rate since 2011, with ongoing increases fo...
| Transwestern Awarded 6.5 msf Management Assignmen
Washington Capital Management, on behalf of its client, has selected Transwestern to provide property management and project/construction management services for nearly 6.5 msf of office and industrial assignments in Southern...
| Los Angeles Ranked First in 2017 for Institutional Capital Investment
A new report from global real estate services firm CBRE reveals that the Los Angeles market jumped ahead of Manhattan to become the largest destination for institutional capital in the nation. A diverse group of foreign buye...
| Prologis to Acquire DCT Industrial Trust for $8.4 Bil
Prologis Inc. (NYSE: PLD) and DCT Industrial Trust Inc (NYSE: DCT) just agreed to a merger by which Prologis will acquire DCT for $8.4 bil in a stock-for-stock transaction, including the assumption of debt. The boards of dire...
| Portland’s Centrl Office to Set-Up Co-Working Space in LA’s Little Tokyo
Portland-based Centrl Office, a provider of collaborative co-working office space, has agreed to a 10-year lease for 29k sf in Little Tokyo’s Brunswig Square in downtown Los Angeles.The lease value was not disclosed.
| Total Self-Storage Inventory for L.A. County Expected to Increase by 2.1% in 2018
This 2018 Los Angeles County 2018 Investment Forecast for the Self-Storage Industry was provided to us by the Los Angeles office of real estate services firm Marcus & Millichap.
Four employment sectors eac...
| San Bernardino County Job Growth Running Ahead of Orange and Los Angeles Counties
As businesses and residents continue to be priced out of Southern California’s coastal communities, San Bernardino County is experiencing growth across a number of economic indicators. That fact and more was part of the infor...
| CA Home Sales Pick Up Again in February after Slow January
Led by the San Francisco Bay Region, California home sales registered healthy gains in February on both a monthly and annual basis after January’s weak start, according to the most recent monthly data from the California Asso...
| Assessed Value of Los Angeles County Commercial Real Estate Tops $400 Bil
This report was written and provided to us by CBRE Research.
Last year, commercial property assessed values in many Los Angeles County municipalities increased at faster rates than single-family homes and residential income ...
| Strategic Legacy Investment Group and W Design Developments Team Up in Senior Housing Development Venture
LA-based Strategic Legacy Investment Group Inc and W Design Developments have formed a partnership called We Strategic Development Corporation to design, build, and maintain seniors housing facilities. The two entities initia...
| Premier Business Centers Acquires Its First Location in NY City
Premier Business Centers®, the big Irvine-based flexible workspace operator, has acquired its first location in the state of New York by purchasing Prime Office Centers’ 521 5th Avenue location in New York City. The building ...