Industry News
Chetrit Family Opens 348-Room Hotel Clark in Downtown LA After 27 Years and Three Failed Launches
After 27 years of ownership and at least three aborted launches, the Chetrit family has quietly opened the 348-room Hotel Clark at 426...
Barings Lends $138.6MM to Hillwood to Refinance Fully Leased 656,000 SQFT Speedway Commerce Center in Rancho Cucamonga
Hillwood has replaced a 2022 construction loan with a $138.6 million first mortgage from Barings on its two-building Speedway Commerce Center in Rancho...
AMG Land Development Clears Permits for 272-Unit, 166,000 SQFT Affordable Complex at 6650 Reseda Blvd.
Los Angeles building officials have issued permits for AMG Land Development's six-story, 272-unit apartment complex on a vacant Reseda lot, the largest new-construction...
Veterans Affairs Takes 62,000 SQFT of Sorrento Mesa Lab Space, the Only Public-Sector Deal Among San Diego’s Largest Leases
The U.S. Department of Veterans Affairs signed a 62,000-square-foot new lease for Class B lab space in Sorrento Mesa in the third quarter,...
Whova Renews 44,000 SQFT at Seaview Corporate Center in Sorrento Mesa, Leading Submarket’s Q3 Availability Drop
Event-technology company Whova renewed 43,942 square feet at 10182 Telesis Court in Sorrento Mesa, a commitment that Savills credited with leading a 280-basis-point...
Morgan Stanley Smith Barney Renews 30,000 SQFT at 101 W Broadway as Downtown San Diego Availability Hits 35.8%
Morgan Stanley Smith Barney renewed 29,528 square feet at 101 W Broadway during the third quarter, committing to Downtown San Diego even as...
Brightshore’s Tom Shapiro: Rate Shock Sours Housing as Data Centers Lift Industrial
Brightshore Capital founder Tom Shapiro told CNBC that a September rate hike and 30-year mortgages near 7.5 percent have soured both the for-sale...
Costa Mesa Clears 21 For-Sale Homes on Former Bay Harbor Mobile Home Park Site Under State Density Bonus
Costa Mesa planning commissioners cleared a 21-home for-sale subdivision called Eira on the 1.49-acre former Bay Harbor Mobile Home Park site, leaning on...
Wagbar Revives West Harbor’s Dog Park Plan With 21,000 SQFT Lease, Leading 3 New San Pedro Deals
Franchised off-leash dog bar Wagbar has committed to more than 21,000 square feet at West Harbor, reviving the dog-park concept San Pedro's $500...
From Plaza West Covina to Santana Row, Landlords Turn Instagram Into a Placemaking and Leasing Tool
Pacific Retail Capital Partners, operator of Plaza West Covina, is among four owners profiled by ICSC that are building Instagram strategies around each...
Buro Happold Takes Full 14,000 SQFT Floor at Silverstein’s U.S. Bank Tower in Downtown Los Angeles
Buro Happold, the British engineering consultancy behind the structures and systems of several of Los Angeles’ signature cultural buildings, has signed a five-year...
LA Industrial Rents Snap 13-Quarter Slide, Hold at $1.23 as Savills Calls Market Bottom
The Los Angeles industrial market's long rent slide has finally hit pause, with Savills reporting flat asking rents, a second straight quarter of...
