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BLOOMINGTON, CA-Pacific Industrial plans to entitle the site for a 700,000-square-foot, class A, cross-dock facility to accommodate potential future development.
CARLSBAD, CA-The local office recently negotiated and closed nine loans in three states for hotel, multifamily and office properties, GlobeSt.com has exclusively learned.
STOCKTON, CA-The final decision for moving to 1005 Humphries Dr. was made on the basis of this site’s ‘prime location and rail service, the availability of enterprise zone incentives and the economics of the transaction.’
SAN FRANCISCO-Expanding its current ownership interest in 111 Sutter, which has performed well within Jones Lang LaSalle Income Property Trust’s portfolio, ‘is strategic’ as the REIT looks to grow its core assets.
LOS ANGELES-Modest economic growth and increased global trade through the US will help sustain demand improvements for warehouse and distribution space, CBRE Group Inc. tells GlobeSt.com.
LOS ANGELES-For California, UCLA Anderson Forecast senior economist Jerry Nickelsburg, says Proposition 30 creates some risk, but the State’s outlook still shows a growth rate that exceeds the nation’s rate.
LOS ANGELES-The firm promotes Jeff Axtell to VP of acquisitions and development and says the firm is looking at acquiring value-added open air shopping centers on the West Coast over the next couple years.
COSTA MESA, CA-Tom Sherlock, a principal at Talonvest, tells GlobeSt.com that commercial real estate lending activity has been consistently increasing.