Long Beach
Universe Holdings Receives $36.5M Cash-out for 11 Multifamily Properties
Capitalizing on the ongoing rise in property values in its 7,500-unit portfolio history, Universe Holdings recently received $36.5 million in… Read more
To Diagnose the Supply Chain Logjam, Use “the Rule of 1.5”
A recent segment of CBS-TV’s 60 Minutes took viewers onsite at the Port of Long Beach and also at the offices of a toy importer in… Read more
California Reduces Container Backlog by 32%
This week, Gov. Gavin Newsom highlighted ongoing work to address the global supply chain crisis, including policies to help ease… Read more
Ports Scramble to Unload Cargo Containers Headed to Warehouses
Vacant warehouse space in the Los Angeles County remained extremely scarce as the ports of Los Angeles and Long Beach… Read more
IKEA Rolls Out Two LA Planning Studios
IKEA U.S. recently rolled out plans for two new planning studios in the Los Angeles area that are set to… Read more
Dalfen Buys Eight West Coast Assets in Seven Months
In the past few months, the Inland Empire has posted a 20 to 30 percent increase in rents as well… Read more
24-Hour Schedule Helps Port Backlog But Isn’t the Only Issue
In addition to imposing fines on ships sitting too long in ports, earlier in October, the White House announced the… Read more
Will Fining Companies Ease Port Congestion?
In an effort to ease the logjam at the ports of Los Angeles and Long Beach, the Biden Administration has… Read more
Port Teamsters Applaud AB 794’s Driver Protection Elements
AB 794, by Assemblymember Wendy Carrillo, was designed to protect truck drivers at the Ports of Los Angeles and Long… Read more
State Funding of Higher Education Construction Makes an Impact
Despite facing a year of budget cuts, community colleges have pushed construction forward through previously secured bond funding. As a… Read more
COVID’s Long-Term Domino Effects on Port Volume
Of all the major cause-and-effect occurrences in world affairs, COVID just may take the prize for the biggest domino effect… Read more
Six Multifamily Properties Get Financing to Improve Financial Performance
Six multifamily properties comprising 965 units were recently acquired by JB Matteson Inc. The property locations range from Portland, OR… Read more
Evolve South Bay is Ready for Renters in Carson
Construction is complete at Evolve South Bay, a 300-unit apartment community on 11.9 acres in Carson, CA. Evolve South Bay… Read more
Broadstone Promenade Brings Much-Needed Housing to Long Beach
Broadstone Promenade, the project of Long Beach-based Studio T-Square 2 and its affiliate office in Oakland, has broken ground and… Read more
Patio Gardens Retains Strong Occupancy and Collections Despite COVID
Patio Gardens is a 127-unit multifamily property located at 4874 E. Los Coyotes Diagonal in Long Beach. Despite the pandemic,… Read more
Walt Rakowich’s Key Watchword for Leaders: “It’s Not About You”
Leaders, it’s often been said, are forged in times of crisis, and on that score Walt Rakowich certainly earned his stripes. The longtime CFO… Read more
Commerce Center is Well-Timed with Industrial Space Running Scarce
Renaissance Commerce Center, a three-building 87,189-square-foot ground-up industrial development, recently broke ground in Rialto. This is good timing, given there… Read more
California’s Largest Employers Are Mandating Vaccinations
Some of California’s largest employers have followed Gov. Gavin Newsom’s lead in implementing vaccination and testing measures for employees. After… Read more
Alere Strengthens Foothold in Inland Empire West with White Oak Buy
Orange County-based Alere Property Group has strengthened its foothold in the Inland Empire West submarket with the acquisition of 8700… Read more