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December 9, 2023
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• CBRE Group Acquires Union Gaming
CBRE Group Inc has acquired Union Gaming, a leading boutique investment bank and advisory firm focused exclusively on the global gaming sector. Union Gaming, based in Las Vegas, offers investment banking services, including p...
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• Kennedy Wilson Launches $1.5 Bil Multifamily Platform With Global Institutional Investor
Kennedy Wilson has entered into a new joint venture with a global institutional investor to acquire and manage core-plus multifamily communities in the Western U.S. The platform was seeded with an $800 mil portfolio, includi...
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• U.S. Will Need 330 msf of Additional Distribution Space by 2025 to Meet Robust E-Commerce Demand
This report was provided by CBRE With e-commerce penetration expected to grow to 26% of all retail sales by 2025, the U.S. will need an additional 330 msf of distribution space just to handle the increase in online ordering ...
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• Draftsmen & Craftsmen
Construction is complete on LA3, a new CoreSite Data Center in Downtown Los Angeles. LA3 is an expansion to the landmark United States Postal Terminal Annex, which was renovated and restored in 2001 into CoreSite’s current LA...
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• Base Equities Launches Debut Fund with Goal of $50 Mil in Commitments
Base Equities, a Los Angeles-based private equity firm that specializes in providing preferred equity to established sponsors in commercial real estate assets across the United States, has launched its new fund, Base Preferre...
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• Net-Lease Investment Activity Close to Pre-Pandemic Levels
This report was provided by CBRE Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust institutional acquisition activity, increased interest in office assets as return-to-the-...
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• Film Industry Thrived Through Pandemic Thanks to Streaming Video on Demand
This report was provided by CBRE Pacific Southwest Thought Leadership Like most industries around the world, film and television was rocked by the spread of the Coronavirus pandemic. As a result of social distancing guidelin...
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• Blackstone to Acquire QTS Realty Trust in a $10 Bil Transaction
Blackstone and QTS Realty Trust have entered into a definitive agreement in which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust Inc and other long-term perpetual capital vehicles managed by Blackston...
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• Sunrise Management Adds Four San Diego Res Communities to Its Portfolio
San Diego-based Sunrise Management has boosted its local management portfolio with the addition of four more San Diego communities, totaling 336 units. The firm, founded in 1978, has regional offices in Sacramento, Las Vegas,...
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• Unprecedented Disruption has Reshaped the Future of Logistics
Cushman & Wakefield has released its 2021 Global Logistics Outlook. The report analyzes key drivers affecting growth, global leasing dynamics and provides an outlook for the sector. Here is a summary of that report, provided ...
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• Construction Industry Report Predicts Residential Building Downtown in 2022
While builders in the United States have seen record increases in revenue and net profit with homeowners seeking to improve their living environments because of the COVID-19 pandemic, 2022 predictions for the residential home...
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• Does Your Building Qualify for a Life Sciences Conversion?
This report was provided by real estate services firm Cushman & Wakefield Interest in converting existing real estate assets to life sciences use is growing amongst building owners in many markets. Cushman & Wakefield’s Proj...
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• Ventura County Multifamily and Industrial Markets Enjoying Strong Demand While Office and Retail Markets are Struggling
This report was provided by NAI Capital A year into the pandemic, Ventura County commercial real estate markets continued to diverge. Vacant multifamily housing units and industrial space declined by double digits over the p...
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• Unique Pasadena Office Space Comes on the Market
We thought we’d share this news of a unique office space in Pasadena that is currently available. The 15k sf space is on the ground floor and mezzanine level at 595 E. Colorado Blvd, a historic office building owned by The Sw...
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• Draftsmen & Craftsmen
Majestic Realty Co.’s and Sunroad Enterprises’ Landmark at Otay, a four-building industrial center totaling 845.8k sf in Otay Mesa, has reached the concrete wall panel tilt-up and roof construction milestone for Phase 1 of th...
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• Larger Office Blocks in L.A. Less Impacted by the Market Slowdown
This update was provided by CBRE While the COVID-19 pandemic and remote working have led to a deterioration in regional office market fundamentals, large footprint space has seen substantially less impact. As of Q1 2021, the...
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• Industrial Construction Picks Up in the Inland Empire
This update was provided by real estate services firm NAI Capital A year into the pandemic, rising rents and soaring demand for warehouses motivated developers to bring new projects online in the Inland Empire. Industrial sp...
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• Vaccinations and Economic Stimulus Spur Stronger Second Half Performance for U.S. Hotels
This report provided by CBRE The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February 2021 edition...
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• San Diego Industrial Market Performing at Record Level
This report was proved by Kidder Mathews Director of Research Gary Baragona The San Diego industrial market continues to perform at record levels amid the pandemic at the end of the first quarter. MARKET DRIVERS • The ave...
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• KTGY Architecture + Planning Acquires Simeone Deary Design Group
KTGY Architecture + Planning (KTGY) has acquired hospitality-focused interior design and branding firm Simeone Deary Design Group, creating a fully integrated architecture, branding, interiors and planning practice. Together,...
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