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October 3, 2023
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• Los Angeles Office CRE Market Update – 4th Qtr. 2022
Market Highlights • Direct market vacancy in Los Angeles currently stands at 14.2%. • Average asking rates were at $3.52/SF on a full-service basis. • In 4Q2022, 639k sf was delivered, while 3.8 msf is still under developmen...
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• Marcus & Millichap President and CEO Hessam Nadji Elected to ICSC Board of Trustees
Marcus & Millichap president and CEO Hessam Nadji has been elected to join ICSC Board of Trustees. Nadji’s selection marks the first time that a brokerage CEO has been appointed to this position. “We are pleased to have He...
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• Despite Record New Supply, National Industrial Vacancy Dips Below 4%
This report provided by CommercialEdge The industrial sector's expansion remained on track as high demand for industrial space continued to drive brisk rent increases. Meanwhile, Southern California's industrial rent growth ...
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• Burrell Aviation to Market National Portfolio of On-Airfield Build-to-Suit Development Sites at Strategic Airports Across the U.S
Burrell Aviation LLC has awarded Cushman & Wakefield the marketing assignment for a significant portfolio of airport properties suitable for near-term development for a variety of aviation related business. The portfolio repr...
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• Los Angeles County Retail Market Outlook Q3
This report provided by NAI Capital Commercial Market Overview LA County’s retail market post-pandemic recovery continued in Q3 2022. Easing vacancy, lower construction, and a growing demand for retail space helped landlord...
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• New Survey Reveals that Employees Want the Office to Be a Place to Get Work Done, Not Just Connect
This report was provided by global architecture, design, and planning firm Gensler The latest Workplace Survey from the Gensler Research Institute, released this month, December 2022, details how employees are spending their...
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• Los Angeles County 3rd Qtr Multifamily Sales Volume Down 12% from Prior Year
LA County Q3 2022 - Multifamily Market Outlook This update provided by NAI Capital Commercial In Los Angeles County, the multifamily housing market continued enduring remnants of the statewide eviction moratorium, which was...
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• UCLA Defeats USC in Annual NAIOP SoCal Silver Shovel Competition
On the 25th anniversary of the NAIOP SoCal UCLA vs USC Real Estate Challenge, it was UCLA’s five-member graduate student team that took home the Silver Shovel. The event, held November 17 on the UCLA campus, pit five-member...
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• Bill Shopoff Interviewed in First Episode of Commercial Real Estate Talk
President & CEO of Shopoff Realty Investment talks about his background and discusses his current wide ranging projects with Steve Bloom and Arnie Garfinkel in premiere episode of the program
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• Kidder Mathews’ Linda Lee Named 2023 President of CCIM’s Greater Los Angeles’ Chapter
Kidder Mathews Executive Vice President Linda Lee, CCIM, has been elected 2023 President of CCIM’s Greater Los Angeles’ chapter. She is joined by the firm’s Vice President Francisco Williams, CCIM, who has been elected as the...
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• Nadel Architecture + Planning Forms Partnership with Lisbon-based Saraiva + Associados
Los Angeles-based Nadel Architecture + Planning has formed a partnership with Lisbon-based Saraiva + Associados (S+A). S+A maintains the 9th largest residential practice in the world and is the largest architectural firm in ...
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• SoCal Multifamily Markets Looking at Continued Rate Increases Due to Low Construction
This report was provided by The University of Southern California Lusk Center for Real Estate Forecast authors caution that historic levels of uncertainty – inflation, interest rates and migration – might impact Los Angele...
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• Watch Industry Pros from Walker & Dunlop, Fidelity Mortgage Lenders, Axos Bank and Torrey Pines Bank Discuss the Los Angeles Finance Market at RENTV Conference
Expert finance panel comprised of: Peter Steigleder, President Fidelity Mortgage Lenders; Fred Ornelas, Regional Manager, Axos Bank; Sean Skelton, CCIM, Director | Capital Markets, Walker & Dunlop; and Jeff Forsythe, Senior V...
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• Hanley Investment Group Real Estate Advisors Kicking Off 12th Year of Movember Charity
Hanley Investment Group Real Estate Advisors is “Taking Care of Business” again by kicking off its 12th year of Movember fundraising to raise awareness and funds for prostate cancer, testicular cancer, mental health and suici...
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• LEED-Certified Office Buildings Command Higher Rents, Even Amid Challenging Conditions
This report provided by CBRE LEED-certified office buildings command a rent premium over their non-certified peers even as the market endures the reverberations of the COVID-19 pandemic and remote work, according to a new re...
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• Sustained Demand and Insufficient New Supply Drive Lease Premiums to New Highs in Port Markets
CommercialEdge 3rd Quarter 2022 National Industrial Market Report Written by: Eliza Theiss, Yardi Systems Key Takeaways: • High demand continues to push prices up in the industrial sector, with September in-place rents nea...
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• Flexible Warehousing Gaining Interest
This report provided by Kidder Mathews The COVID-19 pandemic ignited significant social changes that have impacted commercial real estate in differing ways. For example, the remote working shift has driven major occupancy ch...
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• Here’s a 3rd Quarter 2022 Look at San Diego’s Retail Market
This report was provided by real estate services firm Cushman & Wakefield Economic Overview The total nonfarm employment in San Diego grew by 59,600 or +4.1% year-over-year (YOY) between August 2021 through August 2022, wi...
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• Don’t Miss NAIOP SoCal UCLA vs. USC Real Estate Challenge on Thursday, November 17
The much-anticipated UCLA Bruins vs USC Trojans Real Estate Challenge, one of the most popular commercial real estate industry in Southern California, returns on November 17 to the UCLA campus, just two days before the UCLA v...
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• California’s Inland Empire Home to Nation’s “Youngest” Warehouse Inventory
This report provided by CBRE The advanced age of U.S. warehouses – 43 years on average – is continuing to spur record construction activity as big e-commerce and retail distributors demand larger, more modern facilities, acc...
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