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June 14, 2024
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• Global Prime Logistics Rents on the Rise, Fueled by E-Commerce Demand
Voracious global demand for e-commerce fulfillment centers and distribution centers fueled a 2.8 percent year-over-year increase in prime logistics rents globally, led by double-digit percentage gains in U.S. coastal markets,...
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• Phillips Edison Grocery Center REIT II Buys Grocery-Anchored Centers in Three States
Phillips Edison Grocery Center REIT II Inc has acquired three grocery-anchored shopping centers in Texas, California and Georgia. In California, Edison bought Broadway Pavilion, a 142.9k sf grocery store-anchored shopping ce...
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• The Klabin Company Refurbishes School Teachers Lounge in Wilmington as Part of Sharefest Workday
The Klabin Company/CORFAC International partnered with Phillips 66 for this year’s annual Sharefest Workday at Fries Elementary School in Wilmington. Sharefest, an organization that fosters youth development and volunteeris...
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• C-III Realty Services Becomes Part of NAI Global
C-III Realty Services, an institutional commercial real estate capital markets firm, has been combined with the operations of NAI Global. Through this combination, C-III Realty Services will become NAI Global Capital Markets ...
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• Strong First Quarter for San Diego’s Industrial Market
San Diego’s industrial market is off to a strong start in 2016 with many market fundamentals pointing toward continued improvement throughout the year, according to a first quarter 2016 report provided to us by CBRE. Net ab...
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• San Diego Retail Market Looks Stable
Fundamentals for San Diego’s retail market were stable this quarter, according to the latest research from CBRE. The region continued to be impacted by changes in the grocery store industry this quarter, however, that trend i...
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• HomeAid Orange County Launches 9th Annual Essentials Donation Drive
This past Tuesday, HomeAid Orange County, in partnership with the Children and Families Commission of Orange County, kicked off the 9th Annual Essentials donation drive at their Community Partner Luncheon held at Casa Teresa ...
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• Port of Long Beach Tops This Year’s CBRE Seaports Index
The Port of Long Beach snared the top spot from its Southern California neighbor, the Port of Los Angeles, on CBRE Group Inc’s second-annual North American Seaports and Logistics Index, due to the arrival of a new Asian shipp...
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• Commercial Real Estate Financing Briefs
CUSHMAN & WAKEFIELD MORTGAGE SERVICES - Kurt Scheidt and Terry Daly with Cushman & Wakefield’s Mortgage Services have arranged $46 mil in refi money on Montecito Plaza shopping center in San Rafael. Located at Third and Gran...
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• National Median Price for Owner-Occupied Homes has Flattened
HomeUnion, an online real estate investment management firm and data provider enabling value investing in residential properties, has released March 2016 data on the flattening U.S. housing market. According to HomeUnion’s re...
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• Industrial Tenant Expansion Opportunities Limited in LA Metro Area Due to Decreasing Vacancy Rates
Tenants are hard pressed to find expansion space in the LA Metro as vacancy rates for industrial buildings in Los Angeles and Orange Counties continue to decline. Meanwhile, the Inland Empire, despite absorbing more than 19 ...
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• Metropolitan LA Office Rent Growth Hits Eight-Year High
Here’s a first quarter 2016 look at the Los Angeles office market, provided to us by PM Realty Group: The Los Angeles metropolitan area’s economy continued to expand with a net 107,300 jobs added during the 12 months ending ...
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• CA Homes Sales Pick Up in March
California home sales rose from both the previous month and year to post the highest sales pace in six months, while strained housing supplies continued to push home prices higher, according to the latest figures from the Cal...
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• San Diego Office Market Off to a Good Start in 2016
Colliers International has provided this first quarter 2016 review of San Diego County’s office market. The report was prepared by Christopher Reutz, Colliers International, Research Director | San Diego Region Key Takeaways...
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• Restrained Pace of New Office Development in the US Expected to Lead to Continued Rent Growth
Tenant demand for office space slowed in the first quarter, dragged down primarily by continued weakness in the oil patch and a pullback in the tech sector, according to a new report from Cushman & Wakefield. Still, net absor...
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• OC Office Lease Rates Rise for the 11th Consecutive Quarter
The Orange County office market continued to improve during the first quarter of 2016, posting just over 125k sf of positive net absorption for the quarter, according to the latest research from real estate services firm Kidd...
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• Draftsmen & Craftsmen
San Diego-based Smith Consulting Architects has completed the site planning, shell redesign and interior design for the new Petco San Diego National Support Center. The project is located at 10850 Via Frontera in the Rancho B...
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• Kidder Mathews Opens New OC Office
Commercial real estate services firm, Kidder Mathews, has opened its 14th office in Orange County. The firm recruited several local brokers who have extensive careers and experience in the Orange County marketplace. The new...
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• US Commercial Real Estate Markets Predicted to Remain Resilient in 2016
Commercial real estate markets in the Americas are expected to fare well over the balance of 2016, withstanding global economic headwinds and recent volatility in equity markets, according to a new Americas Outlook report fro...
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• Co-Working Spaces Can Be More Cost-Effective than Traditional Leases in Pricier Gateway Markets
Shared workplaces can be feasible and cost-effective alternatives to traditional office leases—even for larger occupiers, and especially in costly metro areas such as New York, San Francisco, Los Angeles and Boston, according...
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