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February 28, 2024
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• San Diego’s Manufacturing Sector Continues to Expand
This update provided by real estate services firm JLL • Manufacturing demand has seen a recent resurgence in the greater San Diego market. A few notable subsectors that are fueling total manufacturing growth are defense, te...
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• Ventura County's Industrial Market Faces Space Shortage in Q2 2023
This report provided by real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q2 2023, the industrial market in Ventura County experienced a notable decrease in vacant space by 9.1% compared to Q1 2023. The hi...
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• BKM Capital Partners and StepStone Real Estate Form Venture to Invest in Light-Industrial and Logistics Properties
BKM Capital Partners (BKM) and StepStone Real Estate (SRE) have formed an investment partnership focused on acquiring light-industrial and multi-use logistics properties in the Western United States. SRE is the real estate ar...
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• Vacancy Rate for San Diego’s Life Sciences Space Up as Companies Consolidate Their Real Estate
This report provided by Cushman & Wakefield ECONOMIC OVERVIEW Between May 2022 and May 2023, San Diego saw an increase in nonfarm employment by 42,500 jobs, representing a growth rate of 2.8% year-over-year (YOY). The priv...
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• Trio of New Leases Bring Inland Empire Center to 100% Leased
There have been three new leases totaling 24.2k sf at Canyon Springs Marketplace in Riverside, bringing the 183k sf regional center to 100% leased. Located at Day St and Canyon Springs Pkwy, the property is adjacent to the...
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• L.A. County's Retail Market Struggles to Rebound in Q2 2023
This report was provided by commercial real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q2, the changing economy caused a slowdown in L.A. County's retail market. Landlords with non-prime retail space exp...
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• Building Block Foundation Fund Announces White Party 2023 to be Held August 23 at Newport Dunes
Building Block Foundation Fund’s White Party, a once-a-year event that raises funds for significant Orange County charities that support at risk youth, will be held August 23 at the Newport Dunes in Newport Beach. In 2022 th...
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• Inland Empire's Industrial Market Shifts as Sublease Space Rises and Sales Volume Declines
This report provided by real estate services firm NAI Capital Commercial MARKET OVERVIEW The Inland Empire's industrial market is undergoing a shift as it moves away from the previously high demand for warehouse and distrib...
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• McCarthy Building Companies Leases 30k sf Office Space in Carmel Valley
McCarthy Building Companies signed a lease for 30k sf of office space at One Paseo, a newly developed 23.6-acre mixed use campus located at 12830 El Camino Real in San Diego’s Carmel Valley submarket. Terms of the lease were ...
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• Ventura County Industrial Vacancy Rate Rose 2.7% in Second Qtr 2023
This 2nd quarter 2023 update provided by real estate services firm Kidder Mathews MARKET HIGHLIGHTS • Direct vacancies rose to 2.7%, steady quarter-over-quarter. • Direct asking lease rates increased to $1.23/sf NNN from $1...
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• Prologis to Acquire 14 msf of Industrial Properties from Blackstone Entity
Prologis has reached an agreement to acquire nearly 14 msf of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 bil, funded by cash. The acquisition price represents an approximate...
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• Orange County Office CRE Market Update – 2nd Qtr. 2023
MARKET HIGHLIGHTS • The direct market vacancy rate in Orange County is now 12.6%. • The average asking price on a full-service basis was $2.68/SF. • During 2Q2023, 270k sf will still be under construction. Market Drivers ...
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• Save the Date - Aug 17 is RENTV's Greater L.A. State of the Market Conference
Hear and network with industry pros who will discuss the region's office, industrial, retail, multifamily and finance sectors at this annual event.
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• L.A. County Metropolitan Transportation Authority Lands $38 Mil Grant to Eliminate At-Grade Crossing in Glendale and L.A.
The Los Angeles County Metropolitan Transportation Authority (Metro) has received a $38.3 mil grant from the Federal Railroad Administration (FRA) for the agency’s Doran Street Grade Separation Project, which seeks to elimina...
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• Colliers Lands Leasing and Management Assignment for EY Plaza in DTLA
Colliers has been awarded the exclusive leasing and property management assignment of Downtown Los Angeles’ EY Plaza, formerly Ernst & Young Plaza, at 725 S. Figueroa St. The firm was retained by Gregg Williams of Trident Pac...
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• Milan Capital Lands $12 Mil Refi on Oceanside Retail Center
Milan Capital Management has obtained a $12.05 mil refi loan on Mission Promenade, a 105.7k sf, dual grocery-anchored shopping center in Oceanside. Built in 1972 and renovated in 1999, Mission Promenade is currently 97% occu...
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• Los Angeles First Quarter Industrial Leasing Activity Lowest Since 2014
This report provided by Cushman & Wakefield The Los Angeles (LA) industrial market recorded 5.8 msf of new leasing activity across 162 deals in Q1 2023, recording the lowest first quarter leasing total since 2014. New leasin...
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• Meet the Inland Empire Experts from RENTV's State of the Market Conference
Below are photos of the experts who spoke at RENTV's recent Inland Empire State of the Market Conference, held on May 9 in Ontario.
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• Ventura County's Industrial Market Struggles with Depleted Supply and Soaring Rents in Q1 2023
This report provided by real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q1 2023, Ventura County's industrial market experienced a 77.1% increase in vacant space from Q4 2022, with demand for warehouse-d...
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• NAI Capital Commercial Launches Property Management Service
NAI Capital Commercial has launched a new property management division called Capital Commercial Management. The new service will provide tailored property management solutions and further strengthen the firm’s service offeri...
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