| Review of Key Provisions in Proposed California Legislation (SB-939) Impacting Commercial Real Property Owners and Developers
Jonathan N. Zweig
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...
| Brad Umansky Named President of Retail Brokers Network
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 ...
| Most Employers in CBRE Study Favor Phased Return to Workplace
This report was provided by real estate services firm CBRE.
Most companies included in an analysis by CBRE plan to take a gradual, cautious approach to bringing employees back to their workplaces as governments begin to lift...
| CoStar Group to Acquire Ten-X Commercial in $190 Mil Deal
CoStar Group Inc, the publicly traded commercial real estate information provider, has agreed to acquire Ten-X Commercial for $190 mil in cash.
Ten-X was launched in 2009 with the goal of providing a digital transaction plat...
| Los Angeles Better Buildings Challenge Names Its Annual Innovation Awards Winners
Following Mayor Garcetti’s “Safer at Home” Order, the Los Angeles Better Buildings Challenge (LABBC) recently celebrated its 6th Annual Innovation Awards virtually, presenting the city’s most prestigious sustainability prizes...
| Wilmington Building Sells for $1.1 Mil
A 12.1k sf, net-leased property in Los Angeles sold for $1.085 mil ($90/sf). The property is located at the signalized, southeast corner of Pacific Coast Highway and Neptune Ave, in the city of Wilmington.
The property had ...
| Black Swan Reset and the Fate of Commercial Real Estate
By Elliot M. Shirwo, Founder and Principal
BridgeCore Capital Inc
We are in the grips of a global black swan event.
The COVID-19 pandemic is having a near-catastrophic impact on most sectors of the world economy. For comm...
| Resident Relief Foundation Launches Multifamily Industry Fundraising Effort to Address Impact of COVID-19 Pandemic
The Resident Relief Foundation (RRF), a nonprofit organization that provides rental assistance grants to help responsible residents pay rent during a temporary emergency, today announced the launch of the “Resident Relief Ini...
| Production Pause Ripples Across L.A.'s Media and Entertainment Space
This report was provided to us by CBRE
•Social distancing regulations have slowed Los Angeles’s media juggernaut as movie theaters close and filming stops.
•The film industry occupies a considerable amount of regional com...
| Here are Some Tips for Landlords and Tenants on How to Re-Open Office Spaces
In an effort to better prepare clients for post-COVID-19 recovery and the eventual return to the workplace, global real estate services firm Cushman & Wakefield has released Recovery Readiness: A How-to Guide for Reopening yo...
| Still the Happiest Place on Earth?
| Rowan Sbaiti Joins BH Properties
Rowan Sbaiti has joined BH Properties as Senior Managing Director of Acquisitions, as the firm expands its significant real estate investment platform to include real estate bankruptcy and financial instrument acquisitions.
| Inland Empire Industrial Market Maintains Strong First Quarter
This quarterly update was provided to us by real estate services firm Kidder Mathews
The Inland Empire industrial market did not show any slowing as market fundamentals held steady in the first quarter, despite effects of Co...
| SoCal Office Execs Surveyed as to Expectations Over the Next Three Months
This industry update was provided by real estate services firm NAI Capital.
The pandemic has financially impacted tenants, but the full effect on the industry has yet to be seen. Coworking offices are looking like ghost town...
| Property Owners and Businesses Suffering Financial Losses Should Consider Property Tax Appeals
In these current, crazy times, many property owners are facing a rapidly changing economic situation with the potential for significant negative financial impact to their businesses. In an effort to provide some assistance, w...
| How to Respond to Rent and Loan Payment Obligations in Light of COVID-19
Caroline W. Dreyfus
Corin M. Korenaga
Alicia N. Vaz
Cox, Castle & Nicholson LLP
As the beginning of April inches closer and the uncertainty of how long shelter at home orders will remain in ef...
| Seen on the Street
This mural "America Needs Brains" was created and painted by Tristan Eaton and Saturno in 2017. It is on the side of the Graphaids' building at the corner of La Cienega Blvd and Blackwelder in eastern Culver City. Photo taken...
| Kennedy Wilson Renews $500 Mil Revolving Credit Facility
Kennedy Wilson’s wholly owned subsidiary Kennedy-Wilson Inc has extended its existing $500 mil unsecured corporate revolving credit facility with a global group of nine banks. The credit facility has a maturity date of March ...
| U.S. Economy Expected to Contract More than 5% Just Over the Next Two Quarters
This special commentary was written and provided by Wells Fargo Commercial Banking’s Economics Group
Jay H. Bryson
Acting Chief Economist
Wells Fargo Bank
The rapidly evolving COVID-19 outbreak and...
| California’s COVID-19 “Stay at Home Order” to Test Force Majeure Provisions in Many CRE Contracts
This column was written by the law firm of Jackson Tidus, out of Irvine.
As most of you are already aware, on Thursday, March 19, 2020, Governor Gavin Newsom issued Executive Order N-33-20, a "Stay at Home Order" intended to...