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December 3, 2023
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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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• Industrial Construction in the Inland Empire Catching Up to Demand
MARKET OVERVIEW The Inland Empire’s industrial market continued to notice the increase in construction shaping up from the impact of demand caused by the pandemic and supply chain challenges that are now a distant memory. Wi...
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• San Diego Office Leasing Activity Fell to Lowest Level in 15 Years
MARKET HIGHLIGHTS • Leasing volume fell over 50% YOY to 1.1 msf. • Rental rates dropped QOQ and YOY to $3.04/SF on a full-service basis. • Average sale price per square feet dipped to a five-year low of $227/SF. MARKET DRI...
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• Commercial Real Estate Vacancy Rates in L.A. County Continue to Rise
This report provided by NAI Capital Commercial L.A. County's commercial real estate markets slowed in the first quarter of 2023 with vacancy rates rising and rents dropping – except for multifamily rent which jumped back up ...
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• Orange County and Eastern LA are Two of the Most Competitive Markets for Apartments in California
This report provided by RentCafe, a division of Orange County and Eastern LA are not only the toughest markets for apartment searching in California, but they also rank as the 11th and 20th most competitive in the ...
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• See the Speaker Panels from March 16 OC CRE Conference
Below are pics of the Office, industrial, retail, multifamily and finance panels from RENTV's 2023 Orange County State of the Market Conference, held March 16 at Irvine Company's Venue event facility in Irvine. Venue is part...
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• San Diego County Medical Office Sector Ends 2022 with Uptick in Activity
This report was provided by real estate services firm JLL Overview • The San Diego medical office market posted its strongest quarter of the year in Q4 with 122.1k sf of net absorption. Most submarkets saw over 10k sf of ne...
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• RENTV's 2023 Inland Empire State of the Market Conference is on Tuesday, May 9 at the Embassy Suites by Hilton Ontario Airport Hotel
The event will feature high-powered panels of top local executives and dealmakers discussing the Office, Retail, Industrial, Multifamily and Finance markets throughout the Inland Empire. The conference will open for registrat...
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• A New Large-Lease Leader: Finance and Insurance Industry Signed More of the Top 100 US Office Leases in 2022 than Tech Industry
This report provided by CBRE The finance and insurance industry supplanted the tech industry last year for the largest share of the top 100 office leases in the U.S., according to a new report from CBRE. Finance and insuranc...
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• Downtown L.A. Real Estate Showing Steady Growth Starting Off 2023
This report provided by Downtown Center Business Improvement District While it faced significant challenges like most city centers across the country, Downtown LA (DTLA) weathered a turbulent 2022 relatively well and is show...
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• 2022 Sets Record for Million sf+ Industrial Leases
This report provided by CBRE Demand for industrial & logistics warehousing space is driving an increase in mega-warehouses, according to a new CBRE report. The largest 100 industrial lease transactions in 2022 included an ...
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