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CITY OF INDUSTRY, CA-Recognizing the strong sales market and the weak leasing market, the company opts to sell the buildings for a profit rather than continuing to lease them, following their brokers' advice.
ORANGE COUNTY, CA-Investors continue to pay higher prices for Orange County apartment buildings despite flat rent growth and a slight increase in vacancy. The average going rate is up to $102,500 per unit, an 8.75% hike just in the first quarter.
BURBANK, CA-LA Graphico signs for the space at 3800 Vanowen Blvd. in a 10-year deal for 74,000 sf of research and development space. The graphics firm, relocating from within Burbank, is planning to move in by June 1.
ARCADIA, CA-The Ann Karen Day Spa has penciled the calendar for a fall opening at the 250,000-sf Arcadia Hub shopping center. The new deal takes occupancy to about 98% in the recently renovated plaza, owned by Golden West Properties of LA.
SANTA ANA, CA-The buyers, both based in Orange County, take deeds to a 9,000-sf, two-story office building in Santa Ana's Amberwood Office Park and a 6,400-sf, single-story office property in Costa Mesa's Airway Commerce Center
LOS ANGELES-The vacancy rate hardly budges in the first quarter and the median price stabilizes too, according to a Marcus & Millichap report. In the sales arena, limited supply has upped prices more than 20% in some parts of LA County.
NEWPORT BEACH, CA-The three-year-old firm boosts the total of its portfolio under management to five million sf, picking up properties in Southern and Northern California. The largest assignment is a 274,300-sf co-management pact.
PASADENA, CA-ATI Systems extends for three years at its corporate headquarters, cutting rent by 15% at the same time. The new bottom line fills 15,542 sf in a deal valued at nearly $1.8 million.
COSTA MESA, CA-The former VP of leasing at the private REIT steps into the vacancy created when Patrick Donahue became president and CEO. The promotion also nets a seat on the firm's five-member executive committee.
LONG BEACH, CA-Investors from Fountain Valley acquire the 139-unit Windmill Creek apartments from a Long Beach-based private trust. The 95%-occupied complex brings in monthly rents ranging from $730 to $1,100.
From Placer.ai
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Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource