Razvan Cimpean
Development’s Return in Los Angeles
Office development reached a cycle high of 2.3 million square feet in 2017, marking a 53.7 percent year-over-year increase. Construction has picked up in less popular areas such as Jefferson Corridor and downtown Long Beach, while North Hollywood emerged as the most active suburban submarket.
Airbnb’s Life After New Regulations
As the new law requiring hosts to register with the city went into effect in San Francisco, the room-sharing company had no choice but purge more than 4,500 listings. How has this impacted the local short-rental business, compared to other California metros?
Majestic Asset JV Nabs 2 LA-Area Office Buildings
Equity Office Property Trust sold the 94,000-square-foot Westlake Gardens. NKF Capital Markets negotiated the deal on behalf of the seller.
Brookfield Sells SoCal Office Asset
Atlantic Pearl Investments purchased the Class A, 78,000-square-foot Long Beach property. CBRE negotiated the deal on behalf of the seller.
Capstone Equities Snags Little Tokyo Office Asset
Charles Dunn Co. negotiated the sale of the 55,000-square-foot building that serves as the Federal Public Defenders’ Los Angeles office.
Airbnb in for a Rude Awakening in 2018?
As multiple cities and states take steps to regulate the home-sharing business, 2018 is expected to bring tougher restrictions.
SMARTCAP Expands Seattle Office Portfolio
After acquiring the second phase of Quadrant I-5 Corporate Park in Everett, Wash., last September, the company now purchased Building A at the 144,000-square-foot campus.
Corporex Sells Denver CBD Office Asset
Northstar Commercial Partners is the new owner of Offices at the Art. The 52,000-square-foot property is fully occupied by Four Winds Interactive.
Top 10 Sacramento Office Owners
Office space development dropped across the metro in the past few years, but transaction activity remained steady, with the suburbs seeing the most significant surge in deal volume.
Sentinel RE Acquires 106 KSF Phoenix Office Building
Artis REIT sold the single-tenant, 106,000-square-foot 91 Glendale, with CBRE Capital Markets negotiating the deal on behalf of the seller.