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May 27, 2024
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• 30-Year Fixed-Rate Mortgage Drops to 3.03%
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
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
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
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
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
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
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
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
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
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
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
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
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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• 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...
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• 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...
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• 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...
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• 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 ...
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• 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...
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• 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...
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• 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...
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