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RANCHO CUCAMONGA, CA-A first mortgage loan of $12.75 million was secured through Security Life of Denver Insurance Co. for the purchase of Empire Lakes Corporate Center, a 241,000-sf Class A office project about a mile from the Ontario International Airport.
SANTA MONICA, CA-With about a year left on its lease for part of the eighth floor at the 21-story, 245,000-sf office tower at the corner of Wilshire Boulevard and Ocean Avenue, Raleigh Enterprises inks a six-year lease extension.
CYPRESS, CA-WOHL plans a "major renovation" of the building, which was built in 1981. The property has additional potential to grow in value, he says, because it is only 75% leased and demand for industrial space is picking up in Cypress.
CARSON, CA-In the largest of the deals, Garment distribution specialist Global Apparel Express Inc. signed a seven-year, $4.5 million lease for a 107,525-sf building, where it is has expanded from a 35,000-sf facility in nearby Rancho Dominguez, Calif.
VICTORVILLE, CA-Catellus could build up to 43.5 million sf of distribution space at the 5,000-acre air base, which is being redeveloped as a distribution center and cargo hub by Laguna Hills-based Stirling Airports International in a venture with Southern California Logistics Airport Authority.
IRVINE, CA-Option One Mortgage, a subsidiary of H&R Block, adds 246,000-sf to its leased holdings at Irvine Spectrum. The space is in new buildings in the development's Discovery Business Center.
LOS ANGELES, CA-The five-year lease for about 27,500 sf at 2600 Wilshire Blvd. was signed on behalf of the Social Security Administration, which is housed on floors one and two of the five-story building.
SUN VALLEY, CA-In an expansion of its operations here, Western Studio Service Inc. signs a 10-year lease for 180,000-sf of industrial space at 9175 San Fernando Rd. The building owner is Berendo Property.
GARDEN GROVE, CA-Voit Cal Partners Phase I sells a 35,268-sf manufacturing facility here for $2.7 million and a 15,000-sf building for $1.2 million. The buyers were Water Systems & Supplies and FMGM Advisors LLC, respectively.
LOS ANGELES, CA-Despite continued negative absorption, CB's Lewis Horne, senior managing director of the Los Angeles region, notes that suburban office markets during the second quarter "lent credence to the belief that the market may be heading toward the road to recovery.
From 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.
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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.
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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.
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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.
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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