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February 29, 2024
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• Inland Empire Ranks Second among U.S. Markets for Number of 1 msf+ Facilities Built from 2010 to 2016
The rapid growth of e-commerce has created a big trend in U.S. industrial markets: a proliferation of warehouses spanning 1 msf or larger in total size. The Inland Empire is among the top U.S. markets that witnessed the const...
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• Shaun Stiles and Katie Cowan Join Cushman & Wakefield
Industry veterans Shaun Stiles and Katie Cowan have joined Cushman & Wakefield. Stiles joins as Executive Director and Cowan joins as Director. The new appointments will be based out of the firm’s Downtown Los Angeles office....
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• Election Seen as Having Little Impact on California Commercial Real Estate
The Winter/Spring 2017 Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey, taken entirely after the November 8th election, shows no discernable economic shift, despite Hillary Clinton having been the heavy fav...
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•  San Bernardino County’s Upcoming State of the County Business Forum to Feature Forbes Publisher Karlgaard and ESRI Founder Dangermond, Among Others
San Bernardino County will present its annual State of the County and Business Forum themed “Where Vision & Opportunity Meet” on March 8, 2017 at the Citizens Business Bank Arena in Ontario. The presentation will bring togeth...
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• US Industrial Market Absorbed a Record 283 msf of Space in 2016
U.S. industrial markets absorbed 63.6 msf of space in the final quarter of 2016, which propelled net absorption for the year to a record-setting 282.9 MSF, according to the latest research info provided by real estate service...
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• Lew Horne Appointed President of CBRE Group’s Newly Formed SoCal-Hawaii Division
Lewis C. Horne has been appointed president of CBRE Group Inc’s newly formed Southern California-Hawaii Division. In this expanded role, Horne will now have executive oversight for the San Diego and Hawaii markets, in additio...
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• San Diego Office Market Closes Out the Year with Strong Absorption Numbers
San Diego’s office market enters 2017 with continued strong numbers. Fourth-quarter office leasing activity was the highest ever in any single quarter, according to the latest data from CBRE research. Demand was particularly ...
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• Prime Logistics Yields Across Globe near Historic Lows, Spurred by Growth of E-Commerce
The rapid rise of e-commerce has pushed investment yields on prime logistics properties across the globe close to record lows – indicating high property values -- with North American markets accounting for seven of the 10 low...
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• CBRE Group Acquires Software Solutions Service Firm Floored Inc
CBRE Group has acquired Floored Inc, a leading producer of SaaS (Software as a Service) solutions, including scalable, interactive 3D graphics technology, for the global commercial real estate industry. Floored gives CBRE’s ...
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• U.S. Macro Forecast: Longer, Stronger and Bumpier
The U.S. economy and property markets are positioned to perform well in 2017, following a turbulent year in 2016, according to global commercial real estate services firm Cushman & Wakefield. This, and the overview to follow,...
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• Increasing Demand for LA and OC Logistics Space to Push Up Leasing Rates in 2017
Soaring demand from e-commerce and third-party logistics companies for warehouse and distribution facilities is likely to push demand above available space in the greater Los Angeles and Orange County region, causing asking l...
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• Greystone Provides $16 Mil in Freddie Mac Money on Riverside Multifamily Property
Greystone has provided a $15.9 mil Freddie Mac Targeted Affordable Housing loan for the permanent takeout of a Greystone bridge loan on the Highlander Point multifamily property in Riverside, CA. The 132-unit workforce housin...
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• Redwood Mortgage Arranges Trio of Differing Loans in California
Redwood Mortgage recently arranged three loans totaling $4.8 mil for commercial and residential investment property in California. The loans were secured by real estate assets in the East Bay and Silicon Valley in Northern Ca...
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• Stewart Weston Joins CBRE Capital Markets
Stewart I. Weston has joined CBRE Capital Markets as executive vice president. Based in Newport Beach, Weston will focus on enhancing the firm’s institutional multifamily investment sales presence across Southern California. ...
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• Patrick Toomey Joins Faris Lee Investments as Senior Managing Director
Patrick Toomey has joined Faris Lee Investments as senior managing director. In his new role, Toomey will lead client development, increase transaction volume, and anchor Faris Lee’s new Los Angeles area office, located in El...
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• Pacific Castle Completes Two Property Acquisitions and One Sale in Deals Totaling About $50 Mil
Pacific Castle recently completed three CA transactions totaling more than $50 mil. The deals consisted of two acquisitions and one disposition. In one of the acquisitions, Pacific Castle purchased Prune Tree Shopping Center...
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• MARK YOUR CALENDAR: RENTV's Annual Orange County State of the Market Conference is January 26!
Don't miss this exciting and informative annual event about this important SoCal region. To find out how you can be involved in the conference, as a sponsor or a speaker, please call Steve Bloom at (310) 242-8613.
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• UCLA Wins Silver Shovel at 2016 NAIOP Real Estate Challenge
On November 17, graduate student teams from the Ziman Center of Real Estate at UCLA’s Anderson School of Business and the Lusk Center at USC’s Marshall School of Business and Price School of Public Policy competed in a head-t...
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• Rancho Cucamonga Self-Storage Property Goes for $13.5 Mil
Storage Max Self-Storage, an 83.4k sf, self-storage property in Rancho Cucamonga, sold for $13.5 mil, or $162/sf. The asset, located at 8363 Foothill Blvd, was sold by a local ownership group. Nicholas Walker represented the...
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• South OC Golf Course Property Trades Hands
Dove Canyon Country Club, a 230-acre golf club property in Rancho Santa Margarita, was acquired by SJS Tomorrow, LLC. The course, designed by golf legend Jack Nicklaus, was sold by Pacific Links International. The price was n...
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