Los Angeles
U.S. Homeownership Rises But Remains Historically Low
U.S. homeownership was 64.8% not seasonally adjusted and 64.7% seasonally adjusted in the third quarter, says CBRE. Both rates rose… Read more
Bill Bloodgood Leaves CBRE for NKF
NKF expanded its team in Los Angeles with the addition of Bill Bloodgood who joins as Executive Managing Director, Agency… Read more
California Wildfires Place $2 Trillion+ of Housing Value in Jeopardy
Four California counties top the list of places at risk of losing the most housing value due to destruction from… Read more
Chicago Continues Run as Nation’s Greenest Office Market
Chicago’s office market was named the greenest in the U.S. for the third consecutive year as the green building trend… Read more
Parkview Provides $28M Construction Loan for National City Senior Project
Los Angeles-based Parkview Financial provided a $28-million construction loan to a San Marcos, CA-based private developer for the development of… Read more
Meridian Secures $365M Refi for 1,600-Unit Decron California MF Portfolio
New York City-based Meridian Capital Group arranged $365 million to refinance a portfolio of seven multifamily properties in California on… Read more
Short-Term Rental Restrictions Eased in Los Angeles
The Los Angeles City Council voted to approve a softer version of the Rent Stabilization Ordinance that went into effect… Read more
Hines, JP Morgan Chase Refi Century Plaza Towers for $1.2B
Houston-based Hines and JP Morgan Chase & Co. secured $1.2 billion in refinancing for Century Plaza Towers, a two-building, 2.4-million-square-foot… Read more
CIM Group Expands Austin Holdings by 270K SF
CIM Group broadened its presence on Austin’s east side through acquisition of three properties, totaling 270,000 square feet. The Los… Read more
S&P CoreLogic Case-Shiller: U.S. Home Price Increases Continue to Slow
The latest S&P CoreLogic Case-Shiller Indices show that the rate of home price increases across the U.S. continued to slow… Read more
Rising Signs Celeb Chef Curtis Stone to DTLA’s Trust Building
Rising Realty Partners and Lionstone Investments are bringing a new restaurant concept to The Trust Building in DTLA. Acclaimed chef… Read more
Kilroy Completes Disposition of Last Orange County Asset
Los Angeles-based Kilroy Realty Corporation completed the sale of 2211 Michelson in the heart of the Irvine Business Complex for… Read more
USC Casden Forecast: Expect Triple-Digit Rent Increases
The 2019 USC Casden Economics Forecast predicts that the average Southern California apartment dweller will pay at least $100 more… Read more
Seattle’s First Opportunity Zone Development Gets Underway
Connect Seattle is set for November 7th at Coterie Worklounge. Plan to join us for the afternoon of CRE conversations… Read more
Kilroy Inks Stripe to 412K-SF Bay Area Deal, Acquires $226M in SoCal Assets
Los Angeles-based Kilroy Realty Corporation (KRC) signed a 12-year, roughly 421,000-square-foot lease with Stripe, Inc. at Kilroy’s Oyster Point in… Read more
Interest Picks Up for CREXi’s Online Las Vegas Portfolio Auction
Los Angeles-based CREXi secured an assignment last month from Clark County, Nevada to auction 17 properties in the greater Las… Read more
Short Term Rentals Impact on Housing Affordability
What effect are online hospitality marketplaces like AirBnb, Vrbo and HomeAway having on the housing market? A new report from… Read more
HelloOffice Expands to Los Angeles, Owen Fileti Joins to Lead
San Francisco-based HelloOffice is expanding to Los Angeles following a $6.5-million round of funding. The CRE brokerage’s first regional office… Read more
Colony Closes $1B CRE CLO Secured by 29 Assets
Los Angeles-based Colony Credit Real Estate, Inc. closed CLNC 2019-FL1, a $1-billion managed Commercial Real Estate Collateralized Loan Obligation (CRE… Read more