Commercial
California’s Labor Force Participation Steadies at 61.6% as Southern California’s Labor-Intensive Sectors Feel the Squeeze
With California's labor force participation holding at 61.6 percent in July, level with the nation and far below its 1980s high, Southern California's...
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...
Hudson Pacific’s Hollywood Studio Slump Keeps Common Dividend Suspended Into a Second Year
The Los Angeles-based office and studio landlord has withheld its common dividend since September 2024, and the slump in demand at its Hollywood...
San Diego International Airport Lands $30.3MM FAA Grant for Terminal 1 Reconstruction
San Diego International Airport secured $30.3 million in new federal funding for its Terminal 1 reconstruction, one of a select group of U.S....
Irvine Company’s Exit Resets Downtown San Diego Office Values as Towers Trade at Discounts Up to 73%
The Irvine Company's methodical sell-off of its entire Downtown San Diego office portfolio has repriced the district's marquee towers by more than half...
Fortress Seizes 182,000 SQFT Former Sony Animation Campus in Culver City With $71MM Credit Bid as City Weighs a Deal
Fortress Investment Group, which quietly bought the campus's Goldman Sachs–originated note three years ago, has taken ownership of the long-vacant 9050 Washington Boulevard...
LA Commits $150K to Study Hotel Incentives at Oceanwide Plaza as KPC, Lendlease Plan $800MM Revival
The Los Angeles City Council authorized a $150,000 consultant study to weigh public incentives for the long-stalled Oceanwide Plaza, where new owners KPC...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
The RealReal to Open Fourth Southern California Store on Glendale’s Brand Boulevard
The online luxury resale platform is planting a fourth Southern California flag on Glendale's Brand Boulevard, wagering that a physical consignment and shopping...
CBRE Investment Management Acquires Cerberus’s Tenet Equity for $1.6B, Doubling Down on Net Lease
CBRE's investment management arm is paying $1.6 billion for a Scottsdale-based net-lease lender that Cerberus built from scratch in four years, adding more...
Equinvests Capital Buys 35,000 SQFT Kearny Mesa Office Building for $12.1MM
Equinvests Capital has acquired a 34,531-square-foot office building at 5575 Ruffin Rd in San Diego's Kearny Mesa submarket for $12.08 million, a price...
Santa Clarita Lawmaker’s Bill Would License the Cash-Advance Firms Funding Southern California’s Small-Business Tenants
A bill authored by Santa Clarita Assemblywoman Pilar Schiavo and now sitting on Gov. Gavin Newsom's desk would make California the first state...
