The ordinance applies to select markets, including Malibu, and requires a planning clearance to sign a new tenant.

The trend will continue through 2020 with owner-user demand increasing throughout San Diego.

Numerator will utilize the space as its new global headquarters. The company reports the space will accommodate Numerator's planned increase from its current 250 Chicago-based workforce to more than 350 by 2022.

Commercial real estate lending and investment advisory firms Greystone and Philadelphia-based Rittenhouse Realty Advisors have announced they are combining their capabilities to form a joint venture to bulk-up their offerings to focus on the Mid-Atlantic and Northeast regions.