Business Specialties
San Diego Commercial Real Estate Wrap-Up – April 2020
Office property trades for $15 million. Med-tech firm leases Carlsbad building. Check out our April selection of San Diego must-knows.
West Las Vegas Office Building Sells for $15M
Real Estate Services Group traded the nearly 90,000-square-foot suburban asset for more than double the price it paid in 2013.
Top 10 LEED-Certified Buildings in California
A roundup of noteworthy LEED Platinum-certified projects in the Bay Area.
Moody’s Forecasts Sharp Drop in Retail Rents
Reflecting first-quarter data, retail will be the hardest-hit commercial real estate sector, with a projected decline of 11 percent in effective rent by year’s end.
Macy’s Starts Reopening Amid Department Store Woes
The chain is welcoming shoppers to 68 locations this week. How will the department store format fare amid the pandemic’s challenges?
Las Vegas Stripped of Appeal as Casinos Suffer
The coronavirus pandemic led to a nearly 33 percent drop-off in transactions in the weeks following Governor Sisolak’s nonessential business closure order—though one asset class is bucking the trend.
Los Angeles Mall to Land New Owner
CIM Group is set to acquire Baldwin Hills Crenshaw Plaza for more than $100 million, and may redevelop the property.
Pandemic Unlikely to End Construction in 2020
While demand in most commercial real estate sectors has taken a nosedive, some shovels will still hit the ground in 2020.
Corning Optical’s Charlotte HQ Sells for $59M
Beacon Capital Partners sold the property less than one year after completing the $38 million build-to-suit for the fiber optics solutions provider.
Industrial Real Estate’s Positive Prognosis
Increased online shopping should continue after the pandemic and that’s good news for warehouse and distribution real estate in the long term.