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• Businesses Pay a Hefty Premium for America’s Top Office Addresses
12/11/17
America’s most desirable office addresses command an average annual asking rent of $48.65 per square foot, a 47% premium compared to the rest of the country. And they remain as popular as ever. According to JLL’s 2017 Most Ex...
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• Banc of California Recruits James Weigandt as Managing Director, Commercial Real Estate and Multifamily Banking
12/01/17
Banc of California today announced it has hired James Wiegandt as Managing Director, Commercial Real Estate and Multifamily Banking. Wiegandt joins Banc of California from Luther Burbank Savings, where he most recently served...
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• USC’s Marshall School of Business and Price School of Public Policy Wins NAIOP SoCal USC vs. UCLA Real Estate Challenge
11/22/17
Now celebrating its 20th anniversary, the NAIOP SoCal USC vs. UCLA Real Estate Challenge is a commercial real estate industry tradition bringing together graduate student teams from the Ziman Center of Real Estate at UCLA’s A...
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• Tech Industry’s Impact on Office Demand Spilling over into Submarkets with more Traditional Spaces
11/17/17
The willingness of tech companies to pay a premium for office space in the hottest tech submarkets is spilling over into neighboring submarkets as available space dwindles, according to CBRE’s annual Tech-30 report, which mea...
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• Del Mar Heights Blvd Boasts the Highest Retail Rents in the San Diego Area
11/16/17
San Diego’s Del Mar Heights Boulevard is listed as having the 14th most expensive retail rents in the Americas, according to Cushman & Wakefield’s 29th annual Main Street Across the World report, just released. In last year’s...
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• Law Firms Adjusting Real Estate Strategies to Respond to Changing Workplace Needs
11/13/17
Law firms are adjusting their real estate strategies in response to advances in technology, shifting client demand, aging workforces and intense competition to attract and retain skilled talent, according to a new report from...
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• CA Housing Affordability Drops to Lowest Level in 10 Years
11/09/17
California’s housing affordability hit a 10-year low as tight housing inventory drove home prices higher and reduced purchasing power for homebuyers in the third quarter, primarily in previously more affordable regions such a...
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• Outlook for U.S. Commercial RE Lending Market Remains Upbeat
11/08/17
Commercial real estate lending markets remained on the upswing in Q3 2017 with rising equity prices, limited volatility and tightening spreads, according to the latest research from CBRE.
The CBRE Lending Momentum Index, whi...
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• Robert Hart Honored by the Los Angeles Real Estate & Construction Industries Council of the The City of Hope
11/07/17
Robert Hart, Founder and CEO of TruAmerica Multifamily, was recently presented with the Spirit of Life Award from the Los Angeles Real Estate & Construction Industries Council of the The City of Hope for his outstanding profe...
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• Commercial Real Estate Financing Briefs
11/02/17
BERKELEY POINT CAPITAL - Berkeley Point Capital recently provided a Prime Residential affiliate with $105 mil in acquisition financing for the purchase of Avion at Spectrum, a 448-unit luxury apartment complex located in San ...
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• CBRE Group Acquires Heery International Inc
10/31/17
CBRE Group Inc has completed its previously-announced acquisition of Heery International Inc (Heery), the project management and design engineering business of the international infrastructure group, Balfour Beatty LLC.
Hee...
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• San Diego Sees Rejuvenated Industrial Market in the Third Quarter
10/27/17
Following a sluggish second quarter, characterized by local experts as an ‘early summer’, San Diego’s industrial market was rejuvenated in the third quarter with nearly 650k sf of occupancy growth, according to Cushman & Wake...
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• International Appetite for U.S. Industrial Real Estate Surges
10/23/17
Strong fundamentals, the growing sophistication of logistics facilities and e-commerce growth has led to a surge in foreign industrial investment in the U.S., according to the latest research from CBRE.
Foreign investors ha...
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• SoCal Expected to See Triple-Digit Residential Rent Increases Over Next Two Years
10/18/17
The 2017 University of Southern California Casden Economics Forecast finds that rising employment combined with an ongoing lull in homeownership will again drive rent increases over the next two years throughout the region.
...
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• U.S. Office Vacancy Drops to 12.9%
10/10/17
Vacant office space in the U.S. declined by 10 basis points (bps) during the third quarter of 2017 (Q3 2017) dropping to 12.9%, according to the latest analysis from CBRE. Continuing a recent pattern, suburban office markets ...
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• SoCal Data Center Market Remains Stable
10/04/17
The Southern Californian area continues to remain a stable market for data centers, according to a new report from CBRE. Vacancy decreased to 16.3% for wholesale product and net absorption in H1 2017 totaled roughly 1.9 megaw...
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• Draftsmen & Craftsmen
9/18/17
Renovation work has been completed at Harbor Medical Center, a three-story, 35.7k sf medical office building in Fullerton. The property is located at 2720 N. Harbor Blvd, near Bastanchury Rd and St. Jude Medical Center.
The ...
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• Hong Kong Still the World’s Highest-Priced Office Market
9/14/17
Hong Kong is once again the world’s highest-priced office market according to CBRE’s semi-annual Global Prime Office Rents survey. The study also found that markets in the Americas and EMEA showed the most consistent growth i...
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• West Los Angeles Office Landlords Discuss Changing Trends at RENTV’s State of the Market Conference
9/11/17
By Allen Wolfsheimer
A panel of L.A. office landlord experts discussed changing trends in the market at RENTV’s annual Westside Los Angeles State of the Market Conference, held Thursday, August 17, at the DoubleTree by Hilto...
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• Aging U.S. Population is Boosting Demand for Medical Office Space
8/31/17
The aging U.S. population, pressure for healthcare providers to cut costs and new technologies have boosted demand for medical office properties in recent years, according to a new report from CBRE. The U.S. Census Bureau est...
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