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WEST COVINA, CA-"When this building is renovated and the rents are up to market level, I expect they will have close to a 9-cap deal," the broker for the deal tells GlobeSt.com. "West Covina is a very hot market right now.
HUNTINGTON BEACH, CA-O Hill Properties, which also owns the Newport Beach Country Club, acquires the 140-acre development here from an affiliate of Santa Monica-based National Golf Properties, a real estate investment trust.
ANAHEIM, CA-Sublease space turning to direct space bumps up vacancy by nearly 2% on year-to-year basis, according to a report by Voit Commercial Brokerage.
DIAMOND BAR, CA-In the second of two recent leases, ADP soaks up 30,492 sf of space here for its tax and financial services division. Martin-Brattrud Properties is the building owner.
SANTA MONICA, CA-Movielink, a new venture formed by Warner Bros, Paramount, MGM, Sony and Universal Studios, leases 21,261 sf in four-year deal, moving from former temporary quarters in Westwood, Calif.
LONG BEACH, CA-Built in 1906, L'Opera office building in Downtown Long Beach houses maritime lawyers and one of the area's most successful restaurants. The six-story, 65,468-sf building is 93% occupied
LOS ANGELES, CA-Sales and leasing totals climb from last quarter and year-ago totals, a report from CB Richard Ellis shows, but activity produces scant absorption.
LA PALMA, CA-Automatic Data Processing Inc., part of Roseland, N.J.-based ADP's dealer services group, renews for five years in 37,904 sf at Arden Realty's 597,000-sf Centerpointe La Palma project.
PASADENA, CA-The four-story, 70,696-sf structural steel complex at the corner of South Lake and Cordova avenues will include 52,000 sf of office, 17,000 sf of shops, and a three-level underground garage with parking for 225 cars.
COMMERCE, CA-The growing firm will expand its 150,000-sf operation by adding another 100,000 sf, at a building with dock-high loading and rail service, also in Commerce.
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 TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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