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August 7, 2020
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California Commercial Real Estate to Be Negatively Affected Through 2023 Due to Impact of Pandemic
Developers surveyed in Allen Matkins/UCLA Anderson Forecast pessimistic across all markets, with industrial and multi-family only moderately affected

Evolution of Online Retail Drives Retail-to-Industrial Conversion Projects Across the U.S.
CBRE report counts 15.5 msf of new industrial space converted from retail since 2017

BH Properties Launches Program to Finance and Acquire Troubled Properties
Firm expects owners of smaller projects to need assistance as government moratoriums from COVID 19 expire later in the year

Construction Employment Rose from May to June in 31 States; Slips in 18 States
Per Associated General Contractors of America, expect job losses to resume without federal funding

OC Industrial Market Remains Steady Despite Economic Headwinds
Second quarter market snapshot provided by CBRE

L.A. Produced More than Double the Amount of Tech Degrees than Tech Jobs Created in the Region
CBRE’s annual ‘Scoring Tech Talent Report’ says that Los Angeles will continue to be a hub for growth among tech tenants

Advanced Real Estate Services Spends $26 Mil on 120-Unit Res Asset in Riverside
Firm also refis loans on five other assets and forms a new investment fund

Portfolio of 16 Chase Bank Properties in California Listed for $63.8 Mil
CBRE team marketing the assets for MetLife Investment Management

30-Year Fixed-Rate Mortgage Drops to 3.03%
Results from Freddie Mac’s Primary Mortgage Market Survey® are the lowest in survey history

Inland Empire’s East Valley Industrial Market Saw Strong Activity and Absorption in 2nd Quarter of 2020
Just-released report from Lee & Associates Riverside shows region still holding up in light of the “new normal”

Annual Industrial Absorption Expected to Hit 333 msf by 2022
Estimate is from CBRE’s latest U.S. Industrial Marketflash Report

Latest Numbers Show Construction Activity Returning to Pre-Coronavirus Levels in Many Parts of the Country
New survey by the Associated General Contractors of America and data from construction technology company Procore shows firms adding workers

Draftsmen & Craftsmen
CBRE’s Project Management division awarded for San Ysidro Land Port of Entry Phase II project

Nation’s Hotels Expected to See Full Demand Recovery by Late 2022
CBRE research predicts San Diego area hotels to show signs of recovery by 2021 with modest occupancy, ADR and RevPar increases

Nathan Holthouser, James Lehigh, Tram Church, and Rebecca Canalez Launch Coastal Commercial
Former CBRE pros to focus on wide range of real estate services for SoCal coastal communities

See Dodger Stadium with Lots of Cars and No People
Great aerial pic with DTLA in the background taken by Fred Emmert

Nadel Architecture + Planning Introduces Direct-to-Retailer Design studio
Move spurred by expected changes and greater innovation likely in the current environment

Check Out RENTV's Inaugural Podcast!
In this informative and fast-paced podcast, RENTV CEO Steve Bloom takes listeners through the week's major CRE news stories, tech updates and notable events, in addition to commenting on important issues for the industry.

CapRock Partners Completes Second Closing of CapRock Partners Industrial Value-Add Fund III
Fund has more than $180 mil in capital commitments

NewMark Merrill Companies and Its Restaurant Partners Provide Meals to Healthcare Workers in CA, CO and IL
Meals for 2,620 workers was firm’s second “Wave of Kindness” following $14,000 in food give-aways to families

Review of Key Provisions in Proposed California Legislation (SB-939) Impacting Commercial Real Property Owners and Developers
Jonathan N. Zweig with Cox, Castle & Nicholson updates us on how this pending legislation will impact commercial developers and landlords

Brad Umansky Named President of Retail Brokers Network
Owner of Progressive Real Estate Partners will help grow the national organization

Most Employers in CBRE Study Favor Phased Return to Workplace
Many companies looking at touchless technology, employee health screenings and restricting visitors

CoStar Group to Acquire Ten-X Commercial in $190 Mil Deal
Ten-X has executed $24 bil in digital transactions since its launch in 2009

Los Angeles Better Buildings Challenge Names Its Annual Innovation Awards Winners
Six properties recognized as 2019’s Best Buildings in the private and public sectors





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