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April 17, 2024
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• Sacramento Office Market Ends Year with Rates and Vacancies on the Rise
This report provided by real estate services firm Kidder Mathews Sacramento Office Hit Hard by Economic Downturn Market Highlights • Asking lease rates have increased to $2.18/SF. • Direct net absorption increased to 102,8...
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• Despite Record New Supply, National Industrial Vacancy Dips Below 4%
This report provided by CommercialEdge The industrial sector's expansion remained on track as high demand for industrial space continued to drive brisk rent increases. Meanwhile, Southern California's industrial rent growth ...
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• Commercial Real Estate Financing Briefs
Sonnenblick-Eichner Company -- Sonnenblick-Eichner Company arranged $22 mil of non-recourse first mortgage financing for the leasehold interest in the Doubletree by Hilton Los Angeles-Commerce, a 201-room hotel located in the...
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• SIOR Northern California Chapter Names 2023 Board
The Northern California chapter of Society of Industrial and Office Realtors® (SIOR) has named its board for 2023. Michael Carrigg, SIOR, Colliers/Pleasanton, will serve as the chapter’s president for the year; Ethan Smith,...
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• Burrell Aviation to Market National Portfolio of On-Airfield Build-to-Suit Development Sites at Strategic Airports Across the U.S
Burrell Aviation LLC has awarded Cushman & Wakefield the marketing assignment for a significant portfolio of airport properties suitable for near-term development for a variety of aviation related business. The portfolio repr...
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• New Survey Reveals that Employees Want the Office to Be a Place to Get Work Done, Not Just Connect
This report was provided by global architecture, design, and planning firm Gensler The latest Workplace Survey from the Gensler Research Institute, released this month, December 2022, details how employees are spending their...
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• San Francisco Office Market Still Struggling to Gain Traction
San Francisco Office Market - 3rd Quarter 2022 Review This report provided by real estate services form Kidder Mathews Market Drivers After another consecutive quarter of negative net absorption, the San Francisco Office m...
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• LEED-Certified Office Buildings Command Higher Rents, Even Amid Challenging Conditions
This report provided by CBRE LEED-certified office buildings command a rent premium over their non-certified peers even as the market endures the reverberations of the COVID-19 pandemic and remote work, according to a new re...
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• Sustained Demand and Insufficient New Supply Drive Lease Premiums to New Highs in Port Markets
CommercialEdge 3rd Quarter 2022 National Industrial Market Report Written by: Eliza Theiss, Yardi Systems Key Takeaways: • High demand continues to push prices up in the industrial sector, with September in-place rents nea...
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• Flexible Warehousing Gaining Interest
This report provided by Kidder Mathews The COVID-19 pandemic ignited significant social changes that have impacted commercial real estate in differing ways. For example, the remote working shift has driven major occupancy ch...
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• Life Sciences Employment Accelerates, Doubling in Size Over the Last 10 Years
This report was provided by real estate services firm Cushman & Wakefield Life sciences employment in the U.S. has grown at an accelerated pace, doubling in size over the last 10 years and outpacing total employment with an ...
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• Sacramento Office CRE Market Update – 3rd Qtr. 2022
This update was provided by real estate services firm Kidder Mathews "Sacramento Office Employers Get Creative with Reduced Space" Market Highlights • Asking lease rates have increased to $2.15/SF. • Direct net absorption...
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• Prologis Completes Acquisition of Duke Realty Corporation
Prologis Inc has completed its all-stock acquisition of Duke Realty Corporation following approval by the shareholders of Prologis and Duke Realty. Valued at approximately $23 bil, including the assumption of debt, the comple...
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• Justin Grill Joins Newmark as Senior Managing Director
Justin Grilli, a 20-year real estate industry veteran, has joined Newmark as Senior Managing Director. Grilli joins Newmark’s Walnut Creek office where he will focus on representing developers, investors and tenants on leasin...
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• E-Commerce's Strength Drives Last Mile/Micro Warehousing Investment
Report provided by Kidder Mathews Prior to the pandemic, the typical U.S. supply chain involved product distribution from ports to break-bulk facilities where large quantities were broken down into smaller parcels for trans...
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• Northmarq to Acquire Stan Johnson Company
Northmarq has entered into a definitive agreement to purchase Stan Johnson Company, a real estate brokerage and advisory firm that focuses on investment sales across multiple asset classes. The acquisition will also include a...
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• Data Center Real Estate Activity Continues to Grow
This summary of a just-released report from real estate services firm JLL was provided by Amber Schiada, Head of Americas Data Center Research at JLL Emerging from the pandemic, it’s clear the world of work is adapting to th...
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• Basin Street Properties Adds Concierge Services at Its Sacramento Properties
Basin Street Properties has added a new tenant amenity program -- concierge services -- across its Sacramento properties. The new service is designed to provide on demand assistance with many personal and professional task...
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• Avison Young to Acquire CRE Industry Service Lines from Madison Marquette
Avison Young has signed an agreement to acquire Madison Marquette’s office and industrial property management, agency leasing and project management service lines. The trio of services will operate under the Avison Young bran...
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• SF Bay Area Ranked the 'Top Tech City' in North America
This summary on the San Francisco Bay Area’s tech market was provided by Robert Sammons, Research Director, Cushman & Wakefield The region surrounding the San Francisco Bay remains the epicenter of the technology industry. I...
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