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February 21, 2024
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ETC... ETC... NEWS
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• Admiral 2R Management Closes on Office Buys in Phoenix and San Diego
8/06/18
Admiral 2R Management LLC closed on two office property buys, acquiring The Madison office complex in Phoenix and the Balboa Executive Center office building in San Diego. These acquisitions, totaling 298k sf of space, are t...
more » 

• Caltrans Buys 111 Acres in Carmel Valley for Wetlands Project
8/02/18
The State of California Department of Transportation (Caltrans) has purchased a 111.6-acre land parcel in Carmel Valley for $2.7 mil. The property is located south of Highway 56 at Rancho Santa Fe Farms Road in McGonigle Cany...
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• San Diego Retail Reaches Highest Asking Rate on Record
7/30/18
This report was provided to us by real estate services firm CBRE The San Diego retail market closed out Q2 2018 with the highest asking rate on record for the market, according to the latest research from CBRE. The San Diego...
more » 

• CRE Trends for California Expected to Continue
7/25/18
The Summer/Fall 2018 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that despite tax cuts and incentives, tariffs, higher interest rates, higher cap rates, and slowing employment growth, t...
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• CA Home Sales Continue to Slow as Prices Increase Again
7/24/18
California’s median home price edged higher to another peak in June as year-over-year home sales lost steam for the second straight month, according to the latest data from the California Association of Realtors® (C.A.R.). C...
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• CBD Rents for Transit-Accessible Buildings Substantially Higher than for Car-Dependent Space
7/19/18
This study on mass transit’s influence on office markets in major metros was provided to us by real estate services firm Transwestern The national average rent in transit-accessible office buildings was 65% higher than the a...
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• Grocery Chain ALDI Signs Lease for New Store in Mira Mesa
7/19/18
Grocery chain ALDI has inked a deal for a 20.2k sf supermarket in Mira Mesa’s Plaza Sorrento, opening in the fall of 2018. Terms of the lease were not disclosed. ALDI will be the grocery anchor at the project, which is locat...
more » 

• Study Shows that Quality of Property Management Services Impacts Business’ Employee Retention Abilities
7/10/18
As employers strive to create a healthier, more collaborative and productive work environment for employees, the quality of property management and the incorporation of technology are critical considerations when making locat...
more » 

• Industrial Rents Support Additional Warehouse Development in Many U.S. Markets
6/26/18
This report was provided to us by global real estate services firm CBRE. Projected rents are more than adequate in many markets, including Los Angeles, to justify additional development of warehouses and distribution center...
more » 

• Pace of CA Home Sales Slows in May
6/20/18
California’s median home price reached a new high in May, while home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year, according to the latest data from the California Assoc...
more » 

• CBRE Lands Property Management Assignment for The Bloc in Downtown L.A.
6/11/18
National Real Estate Advisors LLC has awarded CBRE Asset Services the property management assignment for the retail and office components of The Bloc, a high-profile mixed-use redevelopment property in downtown Los Angeles. ...
more » 

• All-Star Line-Up of CRE Pros Spoke about Development in the L.A. Area at RENTV Conference
6/10/18
Some of the top commercial real estate pros active in the L.A. area came together last Thursday at RENTV's annual Greater Los Angeles Development Summit to discuss some of the major projects underway throughout the region. Be...
more » 

• Commercial Financing Briefs
6/05/18
NEWMARK - Mark Ritchie and Jasmine Polson with Newmark® arranged $43.4 mil in financing for a 285k sf shopping center in Lakewood, CO. Anchored by King Soopers, a supermarket brand of Kroger, and sub-anchored by Ross, Petco, ...
more » 

• Mark Moshayedi and Ryan Gallagher Form Space Investment Partners
5/31/18
Mark Moshayedi and Ryan Gallagher have joined forces to launch Space Investment Partners, an Irvine-based commercial real estate operating company. Space Investment Partners, a fully-integrated real estate investment, develop...
more » 

• Madison Marquette and PMRG to Merge Operations
5/30/18
Madison Marquette, a privately held commercial real estate investment and operating company, and PMRG, a privately held commercial real estate firm specializing in project leasing, property management, investment management a...
more » 

• CREXi Secures $11 Mil Series A Investment
5/29/18
CREXi, a leading marketplace and technology platform for the commercial real estate industry, has obtained $11 mil in Series A financing. The round was led by Jackson Square Ventures. Other investors in the round included Man...
more » 

• Premier Business Centers Hires Michael Pollack as Vice President/Director of Real Estate
5/21/18
Michael Pollack has been named Vice President, Director of Real Estate for Premier Business Centers, the Irvine-based flexible workspace operator. Pollack will be handling all new location acquisitions and renewals, as well ...
more » 

• Dominion Mortgage Corporation Wraps Up One of Its Best 12-Month Periods in 40 Years
5/18/18
Dominion Mortgage Corporation, the 40-year-old, national real estate loan provider, has just completed one of its most successful 12-month periods in the company’s history. Established in 1977, Dominion Mortgage Corporation...
more » 

• BKM Capital Partners Completes First Close of Second Institutional Fund
5/17/18
BKM Capital Partners has completed the first close of its second institutional fund, BKM Industrial Value Fund II, L.P., with $135 mil in equity commitments as well as $25 mil in co-investments. The firm also currently has an...
more » 

• Construction Costs Surge in April
5/10/18
This report was provided to us by the Associated General Contractors of America Labor Department The cost of goods used in construction jumped in April at the fastest year-over-year rate since 2011, with ongoing increases fo...
more » 



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