California
Firm Gets $36M in Net Income for 2011
CUPERTINO, CA-With talk of a possible sale looming, the locally based Mission West Properties Inc. expects revenues and earnings will continue to increase in 2012 based on new and renewal leases and higher rents. FULL STORY
Federal Realty Investment Trust Starts New Apartment Project
SAN JOSE, CA-Federal Realty Investment Trust has started construction on a new apartment complex at Santana Row in San Jose. FULL STORY
Creation Technologies Signs 79,085-SF Lease in Milpitas
MILPITAS, CA-Creation Technologies Inc., an electronics contract manufacturer based in Canada, is expanding its space in Silicon Valley. FULL STORY
Energy Solutions Acquires Broadway Atrium in Oakland
OAKLAND, CA-Energy Solutions has snapped up a Class B office property in downtown Oakland. FULL STORY
Development Site Is Expected to Fetch $30M
LOS ANGELES-The contiguous parcels of land in Santa Monica are zoned under the Land Use & Circulation Element, which encourages mixed-use development on the site. FULL STORY
Retail Property Sector Defies Expectations
EXCLUSIVE ENCINO, CA-Space absorption improved for the ninth consecutive quarter, while construction starts fell to their lowest levels in 20 years, says a report. FULL STORY
More California Headlines See West HeadlinesSpotlight
IREM COVERAGE
Late 2011 Surge Will Carry into 2012
LOS ANGELES-Economist Christopher Thornberg tells IREM-LA Forecast attendees that there are potholes in the roads ahead, but there is more reason to be positive in 2012. The US and California economies are gaining momentum, he says.
EVENT COVERAGE
West L.A. To Be More Volatile Market Than Downtown
LOS ANGELES-A speaker at the Local Economic Outlook for Business and Real Estate event here, says that larger tenants are signing short-term leases on the Westside.
GUEST COLUMN
Staying Engaged: Protecting the Future of Real Estate
LOS ANGELES- NAIOP guest columnist James Camp talks about the importance of having a powerful voice at the local, state and federal levels of government in today’s environment.
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Look out for the full 2012 RealShare Conference Series schedule--COMING SOON!
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Multifamily's most influential and knowledgeable executives share their insights and outlooks for the marketplace at our upcoming first annual RealShare APARTMENTS EAST conference!
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Charging the Hill: Commercial Real Estate and the 2012 Congressional Agenda
December 07
Critical issues impacting commercial real estate are coming up on the 2012 Congressional calendar, and their outcome collectively will impact all practitioners in this space. Top executives who know their way around Capitol Hill will share their thoughts on the direction this industry could take at the hands of our elected officials.
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This video webinar, presented by GlobeSt.com Thought Leader Partner Engineering and Science, Inc., will give commercial real estate investors a thorough overview of seismic Probable Maximum Loss Reports (PMLs). These reports are especially important for those investing in real estate in areas that are at risk for earthquake damage.
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NEW YORK CITY-The investment bank would only save One Bryant Park in Manhattan and Bank of America Corporate Center in Charlotte, media reports show.
