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July 12, 2024
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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 CBREís ...
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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 firmís 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 Leeís 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 UCLAís Anderson School of Business and the Lusk Center at USCís 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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• CBRE Report Identifies 20 Global Gateway Cities
Beijing, Boston, Chicago, Frankfurt, Hong Kong, London, Los Angeles, Madrid, Milan, Munich, New York, Paris, San Francisco, Shanghai, Singapore, Sydney, Tokyo, Toronto, Vancouver and Washington, D.C. are viewed as key targets...
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• Orange County Climbs to #3 for Office Rent Growth in Nationís Leading Tech Markets
Orange County ranked number three in the U.S. for office rent growth on CBREís annual Tech-Thirty list, which analyzies the 30 leading technology markets in the U.S. and Canada in terms of high-tech software/services job grow...
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• Community Preservation Partners Agrees to Below-Market Lease with SolarCity for Solar Power Installation at Colton Property
Community Preservation Partners (CPP) has agreed to lease 2.2 unused acres at its Arbor Terrace Apartments affordable housing community in Colton to SolarCity at a below-market rate for the installation of a solar power syste...
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• Sound Economic Fundamentals Continue to Propel U.S. Industrial Absorption
The U.S. industrial markets absorbed 74.9 msf of space in the third quarter of 2016, up 29.1% from the same period a year ago, according to the latest research from Cushman & Wakefield. This propelled year-to-date absorption...
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• Joseph Faulkner Recruited as Executive Managing Director at NAI Capital
Joseph Faulkner has been hired as Executive Managing Director at real estate services firm NAI Capital. In his new role, Faulkner will oversee the firmís Commerce office and lead efforts to build NAI Capitalís presence in Dow...
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• San Francisco Ranks as the Nationís Greenest City for Office Space
Institutional owners of office buildings continued to pursue green building certifications in the 30 largest U.S. markets during 2015. Continuing an upward trend over the past decade, green certifications are now held by 11.8...
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• U.S. Office Vacancy Rates Hold Steady in Q3 2016
Vacant space in the U.S. office market held steady during the third quarter of 2016 (Q3 2016), at 13.1 percent, according to the latest analysis from CBRE Group Inc. The national office vacancy rate remained at the lowest lev...
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• Welltower Inc Acquires 2,590-Unit Senior Housing Portfolio for $1.15 Bil
Welltower Inc has purchased a 19-property senior housing portfolio for $1.15 bil, or approximately $445k/unit. The 2,590-unit portfolio includes a combination of assisted living, independent living and memory care units. Eigh...
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