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• Palisades Mexico Partners Launches $150 Mil Palisades Income & Growth Fund II
10/08/15
Palisades Mexico Partners (PMP), a joint venture between Joaquin de Monet, founder and managing principal of Palisades Capital Realty Advisors LLC, and Sergio Argüelles, president/CEO of Monterrey, Mexico-based real estate de...
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• Inside the Spruce Goose Hangar
10/06/15
By Allen Wolfsheimer
Here’s a shot of how the interior of the former Howard Hughes’ Spruce Goose hangar looks today. The structure is part of The Ratkovich Company’s (TRC) Hercules Campus at Playa Vista, a 28-acre, 530k sf o...
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• West LA Office Market Riding Wave of Tech Demand
9/29/15
This report on the impact of tech industry-related firms on the office market in Los Angeles was provided to us by CBRE Group Inc.
Although not yet the dominant industry sector in commercial real estate, technology companies...
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• Top Tech Cities Draw Hefty Rent Premium for Office Space
9/22/15
Businesses looking for office space in the nation’s hottest tech markets should expect to pay a premium – and a hefty one in many of the top tech cities, according to a new research report by CBRE Group, Inc. The report, whic...
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• California Home Sales Cool in August
9/16/15
Home sales remained above the 400,000 mark in August for the fifth consecutive month and rose to the highest level since October 2012. Closed escrow sales of existing, single-family detached homes in California totaled a seas...
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• US Multifamily Investment Hits $127 Bil Over 1-Year Period Ending Q2 2015
9/11/15
Investment in U.S. multifamily reached $127 bil for the year ending Q2 2015—the highest four-quarter total in history and growth of 36% over the 12-month period, according to the latest research from CBRE. The total surpasses...
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• CBRE Completes Acquisition of Johnson Control’s Global Workforce Solutions
9/02/15
CBRE Group Inc has acquired Johnson Controls Inc’s Global Workplace Solutions business, a market-leading provider of enterprise facilities management solutions for global corporations and other large occupiers of commercial r...
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• Pro Moves
8/31/15
Izzy Eichenstein - CBRE Group Inc. announced today that Izzy Eichenstein has joined CBRE Group Inc as Vice President. Based in the El Segundo office, Eichenstein will focus on industrial investment, serving private client inv...
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• CA Homes Sales in July Reach Highest Level in Three Years
8/19/15
Sustained job and income growth gave home buyers the confidence in July to jump into the California housing market, pushing home sales to their highest level in nearly three years, according to the latest data from the Califo...
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• The Latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey Says that California is Booming Again
8/12/15
Commercial construction activity in California has risen to its highest level since 2001. Available financing, low cap rates, an increasingly high demand from technology, advertising, media and information companies, and a s...
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• Class A Office Rents in LA County Reached Highest Level in Seven Years and Will Continue to Rise
8/04/15
Cushman & Wakefield has put together an overview of the Greater Los Angeles office market at the midpoint for 2015. Below is that summary, provided to us by C&W:
ECONOMIC OVERVIEW
Los Angeles County’s unemployment rate dec...
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• Proposed California Split Roll Property Tax Could Cost the Commercial Real Estate Industry $9 Bil/Year
7/27/15
By Rex Hime
There has been a lot of activity on Split Roll Property Tax in California this year. The proponents of removing Proposition 13 protections from commercial property have opened up several paths of attack, includi...
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• L.A. and Other CA Cities Likely to Follow San Jose with Affordable Housing Ordinance that Passes on Costs to Developers
6/24/15
Last week the CA Supreme Court voted unanimously to uphold City of San Jose’s affordable housing ordinance which requires 15 percent of all for-sale units be set aside as affordable units for any development project that crea...
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• The California Drought Mandate – How to Plan
6/23/15
This year the State of California has mandated that properties cut water usage by at least 20 percent – a large undertaking for some companies that may have to make major overhauls to landscaping and water usage at their prop...
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• The World’s Highest Priced Office Market is Still London’s West End
6/19/15
London’s West End continued to be the world’s highest-priced office market but Asia dominated the world’s most expensive office locations, accounting for four of the top five markets, according to CBRE Research’s semi-annual ...
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• CA Year-Over-Year Home Sales and Prices are Higher for Fourth Straight Month
6/18/15
California home sales softened in May, but the housing market momentum continued to be solid as the spring home-buying season marked higher year-over-year home sales and prices for the fourth straight month, according to the ...
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• Construction Well Underway on Downtown LA’s Wilshire Grand High-Rise
6/09/15
Here’s a cool look at the progress on the landmark Wilshire Grand development, currently under construction in downtown Los Angeles. The photo, taken by just a few days ago by Fred Emmert of Air Views, shows work is well unde...
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• Thousand Oaks Retail Center Undergoing a Major Renovation
5/12/15
Oakbrook Shopping Center is moving forward with a façade renovation as part of a multimillion dollar revitalization of the 34-year-old, 89k sf grocery-anchored center. Improvements at the center, located on the corner of Erbe...
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• Los Angeles and Long Beach Ports Top CBRE’s National Ports and Logistics Index
5/07/15
The ports of Los Angeles and Long Beach topped CBRE’s first-ever “Ports and Logistics Index,” thanks to infrastructure that is well-suited to handle the largest cargo container ships, their proximity to Asian export markets, ...
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• L.A. County Office Market Sees Modest 66k sf of Absorption in First Quarter of 2015
5/01/15
The Los Angeles County office market recorded a modest amount of net positive absorption in the first quarter of 2015 as the vacancy rate remained stable at 16.4%, according to Avison Young’s First Quarter 2015 Los Angeles Co...
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