California Commercial Real Estate News 2021 | Radius Commercial Real Estate

We put together a list of transactions, lease highlights, and development projects around California’s commercial real estate market. The list also covers financial factors that are important for property owners and investors to know.

California Commercial Real Estate News Q1 2022

Retail Plaza on Peninsula, South of San Francisco, Exchanges Hands for $72M

Charleston Plaza, a five-building retail shopping center in Palo Alto sold for $71.8 million. The shopping center has several restaurants, cafes, and shops along with a PetSmart, Starbucks, and Chipotle. Read More

Los Angeles Chargers Finalize Plans for New Facility in El Segundo

The Los Angeles Chargers inked a deal for the construction and permanent financing for a new corporate headquarters and training facility in El Segundo, California. The whole project amounts to $276 million. Read More

IDEA1 Multi-Use Project Sold for $106M in Downtown San Diego

Lowe, in tandem with LaSalle Investment Management, and I.D.E.A Partners built the 295-unit, mixed-use project in downtown San Diego originally. It has now been sold to Fairfield for $106M. Read More

CalSTRS Invests $500M into Life Sciences Development Fund

The California State Teachers’ Retirement System, one of the largest municipal pension funds in the country, is putting half of a billion dollars into life sciences real estate. Read More

Inland Empire Retail Center Sells for $71M

Inland Empire Center in Fontana, CA is almost 100% occupied by tenants (99%) currently. The retail center has a Cardenas Market, Ross Dress-for-Less, and Planet Fitness. Read More

Hollywood Media Campus Sells for $93M

The Hollywood Media Campus, a 3.5-acre site in Los Angeles changed hands for a total of $93 million to the Georgetown Company. Read More

How San Diego Became One of the Nation’s Hottest Life-Sciences Real Estate Markets

L.A. Business First (BizJournals) reports on the life-sciences real estate market in San Diego, and how it has surely but steadily become one of the most important life-sciences markets in the country. Read More

South Korean Retail Giant Purchases Napa Vineyard for $250M

Shinsagae, a South Korea-based department store conglomerate purchased Shafer Vineyards for $250.3 million. It’s the latest large-name, family-owned vineyard to hit and exit the marketplace. Read More

Disney Is Planning First “Storyliving” Master-Planned Community in SoCal

Disney is still pushing on it’s long-awaited plans to get into residential development. The company’s theme park division is leading the way with the development of master-planned home communities across SoCal. Read More

California Commercial Real Estate News Q4 2021

CBRE Projects 4.7% Economic Growth in 2022

CBRE’s global chief economist, Richard Barkham, illustrated some of the key statistics and factors leading to this prediction in a webinar held by CBRE Americas. He projects growth through 2022 and into 2023. Read More

Numerous Economic Metrics Indicate “Red-Hot” Growth Levels in Commercial Real Estate

Beacon Economics states that while the 2.1 GDP growth in 2021 is not great, there is “nothing intrinsically worrisome” about it. They believe that there are several metrics that indicate positive outlook moving into the coming years. Read More

Retail Real Estate Is Continually “Disrupted” By Pandemic and Lingering Factors

The retail real estate sector is keeping retailers and landlords on their toes with continual uncertainty and lingering factors due to the pandemic. Read More

Five Starbucks Combine to $21M Value, Setting Record for PSF

Five new single-tenant, net-leased properties occupied by global powerhouse, Starbucks, set a record for PSF nationwide. The locations are in La Palma, Redondo Beach, El Cajon, Rosamond, and Modesto. Read More

Industrial Real Estate Portfolios Acquired for $1.7B

Ares Management (aka Ares Real Estate Group) acquires 75 industrial properties nationwide from two different sellers for a total of $1.7 billion. The properties total nearly 12M square feet. Read More

Post-Covid Market Fundamentals Highlight Student Housing Opportunity & Investors Are Placing Their Bets

Students are becoming more desperate around the country for campus housing with some students even resorting to living in vans and motels. These are indications that student housing is demand, and investors are looking to seize on this opportunity. Read More

Blackstone Buys U.S. & European Logistics Assets from Cabot Properties for $2.8B

Blackstone’s acquisition involves 102 properties in the USA and another 22 properties across Europe. It is a massive deal, to say the least. Read More

ViacomCBS Gets Closer to Finalizing Sale of CBS Studio Center for Nearly $2B

ViacomCBS Inc. is in a definitive agreement to sell their CBS Studio Center to a partnership formed by Hackman Capital Partners LLC and Square Mile Capital Management LLC. Read More

Staples Center Gets a New Name for $700M

Downtown LA’s Staple Center is now the Crypto.com Arena. It’s a 20-year agreement to the tune of $700 million. Read More

California Set to Receive $5B to Improve Infrastructure of Ports

The Federal Government’s Department of Transportation announced a deal with California to update the port infrastructures across the state to help mitigate congestion issues with supply chain and transportation in the future. Read More

Institutional Investors Are Increasingly Bullish on Multifamily Real Estate… Why?

GlobeSt.com reports on the reasons why institutional investors keep flocking to multifamily real estate across the country. Read More

California Commercial Real Estate News Q3 2021

West Coast Apartment Market Stays Positive and Busy Through the Pandemic

GlobeSt covers the apartment industry in the West Coast, focusing on the core coastal markets that have been active during the pandemic. Read More

$500M High-Rise May Be Added to the Hollywood Skyline

The high-rise, aptly named The Star (for Hollywood’s stars), is in the works for the northeast block at Sunset Blvd and Gower St. Read More

Life Sciences Real Estate Footprint Grows by 600% in San Diego

San Diego’s life sciences real estate market is on fire with unprecedented growth being witnessed across the area. Read More

LA Clippers Break Ground on $1.8B Inglewood Arena

The Clippers are breaking ground on a massive new CRE project in Inglewood, CA. They have also announced a $500M naming rights deal for the project. Read More

Orange County Highlights “Robust Growth” in Medical Office Real Estate

New construction projects and higher rental rates in the medical office real estate sector of Orange County highlight the demand and growth of the market in the region. Read More

Los Angeles Leads the Way for Office Real Estate Markets Nationwide

BizJournals reports on the latest stats and figures presented by Los Angeles’ office real estate market that shows signs of growth after the initial hit from the pandemic. Read More

Oil Services NNN Property Sale in Costa Mesa Breaks Records Nationwide

A single-tenant retail property occupied by Henley Enterprises in Costa Mesa break the record for an oil services triple net lease property. Read More

LA Plans for Downtown Housing Boom, but Can Multifamily Real Estate in the Area Meet the Demands?

BisNow reports on the latest trends in multifamily real estate across Los Angeles and answers the question regarding the ability to meet the demand in the area from a predicted housing boom in the coming future. Read More

An Apartment Complex in Anaheim’s Multifamily Market Sells for $297K Per Unit

A two-story apartment complex with 56 units in Anaheim recently sold for $15.6M with a price of $297K / unit. Read More

$500M Refinance Project in Beverly Hills Sealed

The developers of a major, $2B residential real estate project in Beverly Hills inches closer to the finish line with a $500M inked and in the books. Read More

Comprehensive Triple Net Lease Guide Created by N3 Real Estate

N3 Real Estate compiled a list of questions and answers to help explain Triple Net Leases (NNN) and the different nuances that go into this area of retail real estate.

Industrial Real Estate Vacancy in LA’s (and Nation’s) Busiest Port Goes Below 1%

BisNow reports on the latest statistics in Los Angeles’ industrial real estate sector, highlighting that the nation’s busiest port has below 1% vacancy currently. Read More

California HQ Exodus Continues, Companies Are Seeking Low-Tax States for New Offices

Current California Governor, Gavin Newsome, has placed importance on the need to address this growing trend across the state, especially in the Bay Area. Read More

California Commercial Real Estate News Q2 2021

LA’s Office Real Estate Market Is Starting to Recover Post-Pandemic

BizJournals reports on the latest statistics released for the Los Angeles office real estate market, which has positive signs of recovery in the area after the initial hit from the pandemic. Read More

Rocket Company Leases 1M Square Feet of Space in Long Beach

Long Beach’s aerospace industry is starting to take off again according to a BisNow report, and the latest inked lease is a great sign of things to come. Read More

Rexford Industrial Invests $94M on Arts District Complex in Los Angeles

The Box Yard, a 260,000 square-foot industrial complex just sold for $93.6M to Rexford Industrial Realty. Read More

Nearly 25% of LA’s Office Real Estate Space Was Available for Lease in Q1 2021

Vacancy rates rose during the pandemic’s initial hit, and Los Angeles’ office real estate market was particularly disrupted reports BisNow. Read More

A Recap of the Biggest CRE Headlines Across California in Q2 2021 from Connect.Media

Connect.Media published new reports and news in the California CRE market on a frequent basis. Read More

CRE News Headlines from GlobeSt.com Around The Golden State

GlobeSt covers the major news and updates from California’s commercial real estate market. Read More

California Commercial Real Estate News Q1 2021

Hackman Capital Plans $1.25B Expansion of Television City in Los Angeles

Los Angeles’ Television City is set for a major overhaul and modernization project due to the capital being invested by Hackman Capital. Read More

7 of the Biggest CRE Projects Underway in Southern California

BisNow highlights 7 of the biggest commercial real estate projects currently taking place in SoCal. Read More

A Recap of the Biggest Commercial Real Estate News Across California in Q1 2021 from Connect.Media