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The current regional availability rate dropped to 9.27%, suggesting a positive near-term outlook for vacancy, including the 80% occupancy of the Joshua Green Building after URG moved into new HQ space.

The developer opens The Pearl on Wilshire with 75% of the property leased, highlighting the tremendous demand for housing in Koreatown.

Russo will redevelop the "Bat Factory" property—which has sat idle for more than three decades–as the second phase of its Vermella West project.

The class A office space, high-lease rate, and superior leasing activity over the last 18 months made this purchase very attractive for M&J Wilkow and DRA, says JLL managing director Peter Harwood.

Office and multifamily development are dominant in Hollywood, but residents are leaving the market to shop and dine.

"Following the success of Metroplex One, we saw significant value in creating a striking and innovative ground-up development that could attract large, forward-thinking brands to the region," says Jerry Sweeney, president & CEO of Brandywine Realty Trust.

The project is owned by a joint venture formed by Medicus Capital, a Chicago-based private equity firm, and Northwest Community Healthcare.

In this <b>EXCLUSIVE</b>, KC Conway says there will be a disruption in CRE lending liquidity as a result of accounting, regulatory, technological and financial product shake-ups–many of which are not on anyone's radar.