Costco Pays Brookfield $260MM for 114-Acre Menifee Site to Build 1.26MM SQFT Dry and Cold Depot
Costco Wholesale paid Brookfield Properties $260 million for about 114 acres of entitled land in the Menifee Valley Business Park, where the retailer...
Essex Property Trust Lands $275MM Bank of America-Led Term Loan to Retire Commercial Paper
Essex Property Trust has lined up $275 million of unsecured bank debt led by Bank of America to retire short-term commercial paper, trading...
Record $2.26T Exit Wave Largely Bypasses Los Angeles as Bay Area, Dallas Grab the Spoils
A record $2.26 trillion in U.S. expansion-stage company exits during the first half of 2026 flowed overwhelmingly to the Bay Area and a...
Glendale Church Campus Eyed for 323-Unit, Six-Story Mixed-Use Complex on East Colorado Street
A six-story, 323-unit apartment and retail project would replace the United Community Church campus on East Colorado Street, adding to a downtown Glendale...
Pentagon Steers $29.3MM to California Base Towns for Jolon Road, Edwards Training Hangar and Twentynine Palms Access
The Department of War committed $29.3 million in Defense Community Infrastructure Program grants to three California base communities, bankrolling a rebuild of the...
Lincoln Property Sells Studio in Chatsworth for $22MM
Lincoln Property Company and Gem Realty Capital sell a Chatsworth studio for $22 million, below their 2021 purchase price.
121,000 SQFT Oceanfront Enclave @ Carpinteria Tech Campus Hits Market for Sale and Lease
The three-building Enclave @ Carpinteria, a 121,230-square-foot campus on 9.47 acres between Highway 101 and the Pacific Ocean, is now being offered to...
Santa Ana Rent Control Accelerated Rent Growth in Regulated Units, Beacon Economics Study Finds
Rents in Santa Ana's rent-stabilized apartments grew faster than those in the city's newer, unregulated buildings after the city's 2021 Rent Stabilization Ordinance...
Northgate Market Clinches Approval for 40,000 SQFT Grocery Store on Vacant Moreno Valley Corner
The Moreno Valley Planning Commission unanimously cleared Northgate Gonzalez Markets to build a roughly 40,000-square-foot grocery store on a long-vacant 4.31-acre corner at...
California Regains Job Momentum in August as Shrinking Labor Force Clouds Outlook
California's labor market rebounded in August with 39,400 new nonfarm jobs and an upward revision to July's tally, yet a continued contraction in...
Los Angeles Opens Record $466.6MM Homes for LA Round as Mansion Tax Money Shifts Toward Preservation
The Los Angeles City Council unanimously authorized a $466.6 million second round of the Homes for LA program, a pool built largely on...
CIP Real Estate Acquires 200,000 SQFT Walnut Tech Business Center for $60.65MM in Walnut
Irvine-based CIP Real Estate paid roughly $303 per square foot for an 11-building, 109-suite small-bay park at Valley Boulevard and Lemon Avenue, buying...
Record $2.26T Exit Wave Largely Bypasses Los Angeles as Bay Area, Dallas Grab the Spoils
A record $2.26 trillion in U.S. expansion-stage company exits during the first half of 2026 flowed overwhelmingly to the Bay Area and a...
Pentagon Steers $29.3MM to California Base Towns for Jolon Road, Edwards Training Hangar and Twentynine Palms Access
The Department of War committed $29.3 million in Defense Community Infrastructure Program grants to three California base communities, bankrolling a rebuild of the...
Santa Ana Rent Control Accelerated Rent Growth in Regulated Units, Beacon Economics Study Finds
Rents in Santa Ana's rent-stabilized apartments grew faster than those in the city's newer, unregulated buildings after the city's 2021 Rent Stabilization Ordinance...
California Regains Job Momentum in August as Shrinking Labor Force Clouds Outlook
California's labor market rebounded in August with 39,400 new nonfarm jobs and an upward revision to July's tally, yet a continued contraction in...
KB Home Blames Southern California for Q4 Guidance Cut as Sales Slow and Openings Slip
Los Angeles-based KB Home lowered its fourth-quarter pricing and margin expectations and named its Southern California operations as the main cause, citing slower...
California Adds 39,400 Jobs in August as Unemployment Holds at 5.1%
The state's payroll expansion in August accounted for more than a quarter of all U.S. job growth, even as Professional and Business Services...
Southern California Commercial Real Estate News
Record $2.26T Exit Wave Largely Bypasses Los Angeles as Bay Area, Dallas Grab the Spoils
A record $2.26 trillion in U.S. expansion-stage company exits during the first half of 2026 flowed overwhelmingly to the Bay Area and a...
Imperial County Reverses California’s Largest Data Center as Water Fight Heads to Court
Two months after approving a nearly 1 million square foot hyperscale campus, Imperial County reversed course with a moratorium, drawing a lawsuit from...
San Diego Outscores Los Angeles as Hines Maps the $1 Trillion Manufacturing Buildout
A Hines Research report that scored roughly 1,500 industrial submarkets nationwide gave San Diego five top-tier locations to Los Angeles' four, and the...
Santa Ana Rent Control Accelerated Rent Growth in Regulated Units, Beacon Economics Study Finds
Rents in Santa Ana's rent-stabilized apartments grew faster than those in the city's newer, unregulated buildings after the city's 2021 Rent Stabilization Ordinance...
San Diego Outscores Los Angeles as Hines Maps the $1 Trillion Manufacturing Buildout
A Hines Research report that scored roughly 1,500 industrial submarkets nationwide gave San Diego five top-tier locations to Los Angeles' four, and the...
Broadcom Acquires Its 661,000 SQFT Irvine Headquarters Campus from PRP Real Assets for $325MM
The Palo Alto-based chipmaker converted from tenant to owner of its Irvine Spectrum headquarters, paying $325 million to landlord PRP Real Assets—roughly $492...
Wakeland Housing Breaks Ground on $48MM, 50-Unit Senior Housing and Community Center on Former Imperial Beach Church Site
Wakeland Housing and the Imperial Beach Neighborhood Center have started construction on The Haven on Palm, which will put 50 apartments for low-income...
San Diego Outscores Los Angeles as Hines Maps the $1 Trillion Manufacturing Buildout
A Hines Research report that scored roughly 1,500 industrial submarkets nationwide gave San Diego five top-tier locations to Los Angeles' four, and the...
Midway Rising’s $3.9B San Diego Redevelopment Clears Sacramento as Risk Shifts From Courtroom to Capital Stack
Two bills enrolled in the final hours of California's legislative session would retire the environmental litigation risk that has stalled the 48-acre Sports...
Costco Pays Brookfield $260MM for 114-Acre Menifee Site to Build 1.26MM SQFT Dry and Cold Depot
Costco Wholesale paid Brookfield Properties $260 million for about 114 acres of entitled land in the Menifee Valley Business Park, where the retailer...
Imperial County Reverses California’s Largest Data Center as Water Fight Heads to Court
Two months after approving a nearly 1 million square foot hyperscale campus, Imperial County reversed course with a moratorium, drawing a lawsuit from...
San Diego Outscores Los Angeles as Hines Maps the $1 Trillion Manufacturing Buildout
A Hines Research report that scored roughly 1,500 industrial submarkets nationwide gave San Diego five top-tier locations to Los Angeles' four, and the...
The First Footprints in the Snow
AI's hit to jobs looks like a rounding error—until you see who's in the oven: gutted call centers and vanishing entry-level work. Narrow...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
Ready for My Close-Up, Mr. Bonta
David Ellison says he'll pull Paramount out of California—and maybe sell the storied Melrose lot—unless a dozen attorneys general drop their antitrust suit....
McNellis: One House, One Spouse — A Guide to Wealth Preservation
Why razor-thin overhead and the 'one house, one spouse' rule are the keys to preserving wealth in real estate and in life.
McNellis: In Denial Over the New Normal
By John McNellis Developers always crash and burn in the movies. The eternal bad guy, the developers’ heinous plans to pave a beach,...
The Art of the Quiet Exit, A Hudson Pacific Story
Hudson Pacific's COO resigned with the usual boilerplate denial attached—but after a $572 million annual loss, a scrapped dividend and a stock down...
JPMorgan Acquires 521,000 SQFT Shoemaker Commerce Center from PGIM for $176.5MM in Santa Fe Springs
JPMorgan Chase has paid PGIM Real Estate $176.5 million for Shoemaker Commerce Center in Santa Fe Springs, locking up nearly a decade of...
National CORE, Linc Housing Open 340-Home Pioneer Village Complex in Glendale
Glendale's largest affordable housing complex has opened its doors after three and a half years of construction, delivering 340 homes into a rental...
Lincoln Property Company Acquires 327,000 SQFT Bellegrave Business Park in Jurupa Valley
Lincoln Property Company has taken control of Bellegrave Business Park, a fully leased, six-building industrial campus in Jurupa Valley, betting on the Inland...
Wakeland Housing Breaks Ground on $48MM, 50-Unit Senior Housing and Community Center on Former Imperial Beach Church Site
Wakeland Housing and the Imperial Beach Neighborhood Center have started construction on The Haven on Palm, which will put 50 apartments for low-income...
Pomona-Based Entity Buys 84,000 SQFT Santa Clarita Retail Center for $27.5MM
The 1973-built, furniture-anchored center on Valencia Boulevard traded for roughly $327 per square foot, landing just below the county's average retail sale price...
113-Unit Workforce Housing Portfolio in Riverside Trades for $21.8MM
University Gardens, Normandy Apartments Trade Together for $192,920 Per Unit Amid Tightening Inland Empire Vacancy Two adjacent Riverside apartment properties under common ownership...
KB Home Blames Southern California for Q4 Guidance Cut as Sales Slow and Openings Slip
Los Angeles-based KB Home lowered its fourth-quarter pricing and margin expectations and named its Southern California operations as the main cause, citing slower...
Santa Ana Authorizes Lawsuit Against Caribou Industries Over Stalled 171-Unit 3rd & Broadway Project
Santa Ana's City Council has authorized litigation against Caribou Industries over the long-stalled 3rd & Broadway Promenade, raising the prospect that the city...
