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December 3, 2023
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• San Diego Multifamily Market Closed Out 2022 with Strong 4th Quarter
This 4th quarter 2022 overview provided by real estate services firm Northmarq San Diego multifamily market highlights: • Most property performance metrics in San Diego improved in 2022, and conditions were strong in the fo...
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• Mitch Stokes Joins Avison Young as Principal
Mitch Stokes has joined Avison Young as Principal, based in the firm’s West Los Angeles office. Stokes assists landlords and tenants in the lease-up and sale of office and retail properties throughout Southern California. O...
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• Hear and Network with OC CRE Pros on March 16 at Annual Conference
Sign up now to watch high-powered panels discuss the office, industrial, retail, multifamily and finance markets at this year's Orange County State of the Market Conference at Irvine Company's Venue event facility at its new ...
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• Lincoln Property Company Announces New Plan for Growth and Succession
Lincoln Property Company Commercial announced a growth and succession plan that includes the appointment of a new generation of executive leadership and a major investment by funds managed by Stone Point Capital LLC. Lincol...
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• Industrial Construction Costs Ease Slightly but Remain Elevated
This report was provided by real estate services firm Cushman & Wakefield Cushman & Wakefield has launched its North American Industrial Costs Guide, showing that pandemic-related supply chain constraints, which helped drive...
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• Inflation, Experiential Real Estate and Alternative Sectors, Friend-Shoring and Metaverse Among 10 Global Trends to Watch in 2023
This report was provided by real estate services firm Avison Young Avison Young has released its global 10 Trends for 2023 – exploring dominant themes and emerging trends that are influencing commercial real estate around t...
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• Don’t Miss RENTV’s 2023 O.C. State of the Market Conference on March 16!
Annual CRE event to be held at the Irvine Company's Venue event facility at its new Spectrum Terrace office complex in Irvine
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• OC Office Market Sees Cautious Optimism
This update provided by real estate services firm JLL • Negative net absorption continued to accelerate across all submarket clusters except the Airport Area • Sublease availability kept increasing as a few tech tenants star...
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• Commercial Real Estate Financing Briefs
IBORROW – iBorrow has provided a refi loan of $17.38 mil on two mid-renovation multifamily communities located in Southern California. The bridge loan will be used to refinance the borrower’s existing debt, while also providi...
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• Inland Empire East Valley Industrial Market Enjoyed Continued Momentum in Fourth Quarter 2022
This report was provided by real estate services firm Lee & Associates The Inland Empire East Valley industrial sector continued its steady momentum throughout the fourth quarter of 2022. Gross absorption for 2022 totaled 20...
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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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