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Home > Newsroom
Southern California Real Estate News
| Feb 3 | Don't Expect a 'Big Pop' in 2012 LOS ANGELES-Panelists at AIR Commercial Real Estate Association's annual review and forecast event say 2012 promises to be more of a 'steady growth' for the L.A. Metro areas. |
| Feb 3 | CoStar's People of Note (Jan. 29-Feb. 4) This week's People of Note includes the following markets: Chicago, Dallas/Fort Worth, Los Angeles, Milwaukee/Madison, New York City, Philadelphia, Pittsburgh, South Florida, Washington, DC. LOS ANGELES Cockrum Joins Lowe Enterprises Investors as SVP.. |
| Feb 3 | GREEN LEAD | Green Building News from CoStar GREEN LEAD is a column on environmental and sustainable design and construction, best practices for green building maintenance and operations, economic impact on developers and owners, new LEED and Energy Star building certifications, and trends in t.. |
| Feb 2 | $438M LAX Central Utility Plant Project Tops Out LOS ANGELES-The $438-million project, being built by a JV between Clark Construction Group and McCarthy Building Cos., is on schedule for completion in summer 2014. |
| Feb 2 | BBCN Bank Takes 62,385-SF Headquarter Lease LOS ANGELES-The new entity, formed as a result of the merger between Nara Bank and Center Bank, will occupy the office space at the Wilshire Colonnade in Koreatown. |
| Feb 2 | CBRE Tops Forum's SoCal Sales Ranking With $4.8B LOS ANGELES-The firm came in at No. 1 in Real Estate Forum's December ranking, where the firm closed $4.8 billion in total dollar volume from July 2010 through June 2011. |
| Feb 2 | Cockrum Joins Lowe Enterprises Investors as SVP Lowe Enterprises Investors hired William M. Cockrum IV as senior vice president to head the company’s marketing and capital raising efforts. He will be based in the Los Angeles office of the real estate investment management firm. “LEI forecasts an a.. |
| Feb 2 | Latest Potential Investor In Grubb & Ellis Emerges From Talks Without .. A two-week period of exclusive negotiations between Grubb & Ellis Co. and New York-based financial brokerage BGC Partners expired Tuesday without an agreement, according to a document filed with the U.S. Securities and Exchange Commission. Under the .. |
| Feb 1 | LA Fitness Signs 91,023 SF at Landmark High-Rise IRVINE, CA-The new space at the Michelson is estimated to be valued at more than $27 million and will be used as the company's global corporate headquarters. |
| Feb 1 | Real Estate Holds Up its End in CalPERS, CalSTRS 2011's Minimal Return.. The nation's two largest public pension funds had trouble pulling in returns in 2011. Thankfully, though, real estate wasn't the culprit. The California Public Employees' Retirement System (CalPERS) earned a small, but positive 1.1% return for the 12.. |
| Feb 1 | Real Money: Goldman Sachs Hits the Street with $1.15 Bil. CMBS Deal Goldman Sachs is the putting out the first new CMBS offering of 2012. GS Mortgage Securities Trust 2012-GC6 is a pool of 80 fixed-rate loans totaling $1.15 billion and backed by 127 properties. The loans were originated by Goldman Sachs Mortgage Comp.. |
| Feb 1 | Safeway Pays $16.7M for Santa Monica Vons Safeway Inc. purchased the 27,396-square-foot retail building at 1311 Wilshire Blvd. in Santa Monica, CA, from Williams Family Partnership for $16.7 million, or about $609 per square foot. At the time of sale the buyer, doing business as Vons, was le.. |
| Feb 1 | LA Fitness Takes 90,000 SF at The Michelson LA Fitness International LLC has agreed to lease 91,023 square feet at 3161 Michelson Dr. in Irvine, CA for 10 years beginning in June 2012. The new space will be used as the company’s global corporate headquarters. The Michelson Building will now be.. |
| Feb 1 | Huntington Beach Land Parcel Sold for $9.5M Merrill Gardens LLC, an operator of assisted living facilities, purchased the 2.72-acre vacant land parcel located at 17200 Goldenwest St. in Huntington Beach, CA for $9.5 million from Burke Real Estate Group. The buyer will develop an assisted livin.. |
| Feb 1 | Jumping Jacks To Open in San Dimas JJ Entertainment Inc. signed a 10-year lease with two five-year options for 20,000 square feet of retail space at 186 Village Court in San Dimas, CA. It will be a new location for Jumping Jacks, an entertainment business that hosts birthday parties, .. |
National Real Estate News
| Feb 4 | Studley Opens Office in Denver Tech Center DENVER-The office is the firm’s second in the Denver area. Studley plans to hire five real estate professionals there in the next 24 to 36 months. |
| Feb 4 | Davlyn Investments Gains Buying Momentum SAN DIEGO-The firm helps its investors focus on the ‘unique fundamentals of the opportunity’ not on ‘macroeconomics of Europe’ with a recent $14-million apartment and $23-million office acquisitions. |
| Feb 4 | JLL Brings In Healthcare Veteran to Lead Carolinas Practice CHARLOTTE, NC-McGarry will advise existing clients and seek new business development for the firm’s healthcare-related service lines. |
| Feb 4 | Tryko Acquires Affordable Housing in Atlantic City ATLANTIC CITY-The Barclay Arms deal caps a 12-month period that saw the firm’s multifamily portfolio nearly double. |
| Feb 4 | Chesapeake Lodging to Acquire Hyatt Place for $77M NEW YORK CITY-The REIT, on an acquisition spree of late, will enter a management agreement with Real Hospitality Group once the hotel is completed. |
| Feb 4 | 2099 Pennsylvania Pricing Reflects Larger Trends WASHINGTON, DC-Word on the street has the trophy building trading at $750 per square foot—or $776 per square foot, depending on which square footage of the building you accept. |
| Feb 4 | Apache Corp. Renews, Adds to Lease for Total of 497,000 SF HOUSTON-The oil company decides to stay put at its Post Oak Central office building, extending its current lease to five years beyond the 2013 expiration. |
| Feb 4 | Housing Recovery Plan Called Into Question NEW YORK CITY-With mortgage rates and home prices at record lows, the commercial real estate industry is divided over whether President Obama’s mortgage overhaul and fraud task force will help—or hurt—housing. |
| Feb 4 | Clarion Partners Buys 535-545 Boylston St. for $87M BOSTON-The real estate investment manager bought the two adjoining Back Bay offices for $87.1 million. Together the properties, bought on behalf of a separate account client, total 184,222 square feet. |
| Feb 4 | Miami Gets New Retail Commercial Real Estate Firm MIAMI-Mia Stierhem tells GlobeSt.com's Jennifer LeClaire clients need a higher level of personalized service than large brokerages provide. |
| Feb 4 | Increased Bank Regs, Likely Less Loans Still On Track NEW YORK CITY-As controversy still rages over Basel III and Dodd-Frank regulatory requirements, Deloitte gave a Webinar Tuesday detailing the continued rule push. |
| Feb 4 | Buck Tenant Team Leaves for Studley CHICAGO-The John Buck Co. has dropped tenant brokerage, and broker Greg Gerber brought his team to Studley, where he says office users will still drive the bus in 2012. |
| Feb 4 | 1 WTC Dock Design Flaw Costs Millions NEW YORK CITY-According to a New York Post story this week, cost overruns have pushed the project to $3.8 billion, $700 million more than expected. |
| Feb 4 | A Discipline Escapes Purgatory Taking advantage of opportunities in broken projects and debt in 2012 means a strategy for winning rather than playing defense |
| Feb 4 | The US Pulls Ahead In a Slow Race With the Euro zone racked by sovereign debt issues and China’s growth engine beginning to decelerate, the modest uptick in domestic fundamentals looks comparatively healthy |
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