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• Evolution of Online Retail Drives Retail-to-Industrial Conversion Projects Across the U.S.
7/29/20
This report was provided by real estate services firm CBRE
A new CBRE report finds that 13.8 msf of retail space has been converted to 15.5 msf of industrial space across the country since 2017. As ecommerce continues to exp...
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• BH Properties Launches Program to Finance and Acquire Troubled Properties
7/21/20
BH Properties has launched a debtor-in-possession (“DIP”) initiative and has set aside $200 million in initial funding to finance and acquire troubled middle market real estate assets in receivership or facing bankruptcy. BH ...
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• Construction Employment Rose from May to June in 31 States; Slips in 18 States
7/20/20
This report was provided by the Associated General Contractors of America
Construction employment increased from May to June in 31 states and the District of Columbia, but the gains may have stalled, according to an analysis...
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• OC Industrial Market Remains Steady Despite Economic Headwinds
7/17/20
Here’s a quick second quarter 2020 ending overview of Orange County’s industrial market, provided to us by CBRE
Vacancy Rate:
2.2%
Net Absorption:
(616,861) SF
Construction:
870,595 SF
Lease Rate:
$1.03 NNN
...
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• L.A. Produced More than Double the Amount of Tech Degrees than Tech Jobs Created in the Region
7/16/20
This report was provided by real estate services firm CBRE
The Greater Los Angeles area produced more than double the amount of tech degrees than tech jobs created in the region in the past five years, ranking it fourth in t...
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• Advanced Real Estate Services Spends $26 Mil on 120-Unit Res Asset in Riverside
7/16/20
Advanced Real Estate Services Inc (ARES) has been busy during the past four months, having acquired a new multifamily asset while also completing refi loans on five others along with forming a new investment fund.
In Riversi...
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• Portfolio of 16 Chase Bank Properties in California Listed for $63.8 Mil
7/14/20
MetLife Investment Management (MIM) has awarded the marketing assignment for a portfolio of 16 current and former Chase Bank retail properties throughout California to a team from CBRE. The portfolio has a total asking price ...
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• 30-Year Fixed-Rate Mortgage Drops to 3.03%
7/12/20
According to Freddie Mac’s just-released results from its Primary Mortgage Market Survey® (PMMS®), the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent, the lowest rate in the survey’s history dating back to 1971.
“Th...
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• Inland Empire’s East Valley Industrial Market Saw Strong Activity and Absorption in 2nd Quarter of 2020
7/09/20
This Second Quarter Industrial Market Summary for the Inland Empire East Valley region was provided by Lee & Associates Riverside
The second quarter of 2020 for the Inland Empire East Valley region saw strong activity and gr...
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• Annual Industrial Absorption Expected to Hit 333 msf by 2022
6/29/20
This report was provided by real estate services firm CBRE
Fueled by e-commerce growth, annual net industrial absorption will total more than 333 msf by 2022, leading to annual rent growth of 5.7%, according to the latest CB...
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• Latest Numbers Show Construction Activity Returning to Pre-Coronavirus Levels in Many Parts of the Country
6/19/20
This report was provided to us by The Associated General Contractors of America
A new survey by the Associated General Contractors of America and data from construction technology firm Procore show that construction activit...
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• Draftsmen & Craftsmen
6/19/20
CBRE’s Project Management division has won a Construction Management Association of America (CMAA) Award for the San Ysidro Land Port of Entry Phase II project at the U.S.-Mexico Border in San Diego. Bill Slaybaugh and Albert...
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• Nation’s Hotels Expected to See Full Demand Recovery by Late 2022
6/18/20
This report was provided by real estate services firm CBRE
After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation’s hotels will benefit from what is expected to...
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• Nathan Holthouser, James Lehigh, Tram Church, and Rebecca Canalez Launch Coastal Commercial
6/17/20
Former CBRE pros Nathan Holthouser, James Lehigh, Tram Church, and Rebecca Canalez have teamed up to start a new real estate services venture called Coastal Commercial Inc. The firm, based in Newport Beach, specializes in a w...
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• See Dodger Stadium with Lots of Cars and No People
6/16/20
We thought you might enjoy this amazing aerial pic of Dodger Stadium, looking south with all of Downtown L.A. behind it. The recent image was captured by Fred Emmert of AirViews Photography.
In the pic, you see a parking lot...
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• Nadel Architecture + Planning Introduces Direct-to-Retailer Design studio
6/15/20
Nadel Architecture + Planning has launched a new Direct-to-Retailer design studio. This new division will be led by 20-year industry veteran Ryan Weller, who has joined the firm as its Director of Retail to manage the firm’s ...
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• CapRock Partners Completes Second Closing of CapRock Partners Industrial Value-Add Fund III
6/02/20
CapRock Partners has closed a first and subsequent second closing of CapRock Partners Industrial Value-Add Fund III, totaling more than $180 mil of committed capital in the fund and co-investment vehicles. The firm’s fifth fu...
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• NewMark Merrill Companies and Its Restaurant Partners Provide Meals to Healthcare Workers in CA, CO and IL
6/01/20
NewMark Merrill Companies, a Woodland Hills-based retail shopping center development company, recently executed its second “Wave of Kindness,” working with its restaurant partners to provide meals to 2,620 healthcare workers ...
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• Review of Key Provisions in Proposed California Legislation (SB-939) Impacting Commercial Real Property Owners and Developers
5/26/20
By:
Jonathan N. Zweig
Associate
Cox, Castle & Nicholson LLP
There is urgency legislation pending in the State of California known as Senate Bill No. 939 (“SB-939”) that proposes to add Section 1951.9 to the Civil Code (“Sec...
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• Brad Umansky Named President of Retail Brokers Network
5/22/20
Brad Umansky of Southern California-based Progressive Real Estate Partners has been named the new President of Retail Brokers Network (RBN), one of the nation’s largest and fastest growing retail networking groups.
In this ...
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