Industry News
San Diego NIH Funding Slips to $1B as Federal Budget Fights Test Torrey Pines Research Landlords
National Institutes of Health funding to San Diego researchers slipped to $1.0 billion in the fiscal year that ended Sept. 30, part of...
San Diego Lab Pipeline Goes Dark With Zero Construction, Leaving 9MM SQFT to Absorb
San Diego has no life science space under construction, and Seattle has joined it at zero while the Bay Area’s pipeline shrank to...
Alexandria’s 171,000 SQFT Capricor Lease Hinges on FDA Ruling as San Diego Lab Vacancy Hits 28.5%
Alexandria Real Estate Equities has committed a tenant improvement allowance of up to $31.6 million and more than two years of base rent...
Goodman’s 263,000 SQFT Vernon Data Center Leads 1.42MM SQFT of Spec Deliveries Testing LA Industrial Vacancy
CBRE has flagged four speculative projects totaling 1.42 million square feet as the next test for Los Angeles industrial vacancy, and the most...
Expeditors International Leases 429,000 SQFT Dominguez Commerce Center in Carson Near LA Ports
Seattle-based freight forwarder Expeditors International of Washington has taken a 429,000-square-foot cross-dock distribution center at 2001 E. Dominguez Street in Carson, filling one...
Acore Moves to Foreclose on GPI’s Vacant 230,000 SQFT West End Office Campus Over $82.5MM Debt
GPI Companies' West End, the 230,000-square-foot creative office conversion of the former Westside Pavilion Macy's, is headed toward foreclosure after lender Acore Capital...
Owner-Users and Conversions Pull 1.48MM SQFT From LA’s Office Market, Nudging Vacancy Down Despite Losses
Los Angeles office vacancy slipped to 25.3 percent in the third quarter not because tenants took more space but because CBRE removed 1.48...
EV Realty Locks Down 9 MW of Edison Power for Ontario Truck Charging Hub on E. Philadelphia Street
EV Realty is buying an industrial property at 2151 E. Philadelphia Street in Ontario and has already reserved 9 megawatts of Southern California...
Combs Entity Sells Former RiverRock HQ, a 22,000 SQFT Irvine Office, to Private Investor for $15.7MM
An entity led by RiverRock Real Estate Group founder John Combs has sold the renovated former RiverRock headquarters at 2392 Morse Avenue in...
Colliers Trades Up to Historic El Paseo at 820 State Street as Its Santa Barbara Team Outgrows First Office
Eighteen months after planting its flag in Santa Barbara, Colliers is moving its growing Central Coast brokerage team off East Carrillo Street and...
Weeks After $1.2B SoCal Logistics Play, EQT Lands Stockbridge for Up to $550MM
EQT AB is following its Southern California logistics push with a much bigger corporate bet, agreeing to acquire San Francisco-based Stockbridge for $375...
San Diego Weighs $4.2B Midway Rising Deal That Trades Ground Rent for 2,000 Affordable Homes on 48.5-Acre Sports Arena Site
San Diego's Independent Budget Analyst has put a price on the city's side of the Midway Rising deal ahead of a Land Use...
