Industry News
SoCal’s Emptiest Warehouse Markets: Beaumont/Hemet Hits 30% Vacancy as Amazon Doubles Down on the High Desert
Southern California's highest-vacancy industrial submarkets, most of them on the region's outer edges, are carrying a heavy load of empty space, with Beaumont/Hemet...
7 Brew Enlists CBRE to Hunt Drive-Thru Pads Across 16 Los Angeles County Cities
Arkansas-based 7 Brew, one of the fastest-growing restaurant chains in the U.S., has tapped CBRE to find pad sites and existing drive-thru buildings...
Foothill Catalog Opens Four Tonia Demonstration Homes in Altadena, Sells One at $500,000 Below Market to Eaton Fire Family
The Foothill Catalog Foundation and Williams Rebuild will open four finished demonstration residences on Altadena's Tonia Avenue on Oct. 24, betting that pre-approved...
Michelin, Ross Stores and RLCold Drive More Than 3,000,000 SQFT of New Commitments at Wonderful Logistics Center in Shafter
Wonderful Real Estate has sold land to Michelin and cold-storage developer RLCold, sold a 1.09 million-square-foot warehouse to a global technology and e-commerce...
Inland Empire Apartment Sales Jump 340% as Ventura County Vacancy Climbs to 4.8%
The Inland Empire’s apartment market posted a more than fourfold quarterly jump in sales volume alongside falling vacancy and a shrinking pipeline, while...
Trader Joe’s-Anchored The Knolls, 52,000 SQFT Bixby Knolls Shopping Center, Hits Market in Long Beach at 95% Occupancy
A Chicago-headquartered ownership entity has tapped CBRE to sell The Knolls, a 95 percent occupied, Trader Joe's-anchored neighborhood center on a former Ralphs...
Los Angeles Misses AI Office Wave as VTS Counts 27% Jump in New AI Requirements
VTS research shows new AI office requirements up 27 percent nationally and nearly two-thirds of active demand locked up in San Francisco, New...
Inland Empire Shop-Space Vacancy Tightens to 3.3% Even as Q3 Retail Leasing Slumps
Progressive Real Estate Partners' third-quarter review of the Inland Empire and Eastern San Gabriel Valley finds small-shop vacancy squeezed to 3.3 percent and...
City of Irvine Takes 25,000 SQFT at 510 Technology Drive for New Innovation and Entrepreneurship Center
The city of Irvine has committed to 24,836 square feet at an Irvine Company building in the Irvine Spectrum to house the Irvine...
Morgan & Morgan Grows to 14,000 SQFT at Silverstein’s U.S. Bank Tower, Locking In Downtown LA Through 2037
Morgan & Morgan, the plaintiff-side injury firm that opened its first Los Angeles office inside U.S. Bank Tower, is adding 5,091 square feet...
Manchester Weighs 400-Megawatt Data Center for Navy’s 70-Acre NAVWAR Campus in San Diego’s Midway District
Manchester Financial Group is weighing a 400-megawatt data center among a slate of possible anchors for the Navy's 70.3-acre Naval Base Point Loma...
E&S Ring Lands $95.8MM Voya Refinancing for 1,461-Unit Southern California Apartment Portfolio
Family-owned E&S Ring Management has rolled six Southern California apartment communities, from Brentwood and Los Feliz to Victorville, into $95.8 million of new...
