California Commercial Real Estate News Roundup 2020

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 Q2 2020

How Local Retail Can Benefit Cities During the Pandemic

GlobeSt covers the impact that retail real estate and local retailers can have on the overall economic effects of the pandemic. Localized retailers and smaller boutiques can provide more safety to people’s health and the economy overall during this time. Read More

$2 Billion Hollywood Megaproject Gains Momentum

Alagam Capital Group and Cain International team up to redevelop former Robinsons-May department store in Hollywood. The One Beverly Hills mixed-use development combines the joint venture’s two existing hotels, the Waldorf Astoria and Beverly Hilton, to make one massive luxurious project. Read More

Office Buildings Become “Greener” As a Result of the Pandemic

Office building owners are prioritizing “going green” as a direct result of Covid-19 and its impact on the economy. The trend was not a high priority prior to the pandemic, but now there are more conscious efforts of manifesting this trend across the board. Read More

Financial Relief for California Commercial Property Owners Unclear at the Moment

Commercial property owners in California are dealing with financial set backs, such as a loss of property value, due to the pandemic. Currently, across the state, many owners are trying to get whatever relief possible from local government agencies. Read More 

New Features for CRE Office Buildings Trending Due to Pandemic

Building features, such as: high-speed WiFi, touchless (contactless) access, and virtual tours are evolving from a trending fad to a necessity as a result of the pandemic. Building owners are adapting to the demand of these technologies. Read More

Industrial Real Estate Markets See Strong Growth Amidst Pandemic

While the economy and CRE sectors are facing an uphill battle due to the Covid-19 pandemic, industrial real estate is showing strong signs of growth and demand. Read More

The Golden State Warriors, Uber, and Alexandria Are Withdrawing Millions from the Chase Center

The Chase Center in San Francisco is going through major development changes, and the project’s stakeholders, as well as those of the adjacent buildings are shifting money around to mitigate financial losses during the current pandemic. Read More

San Francisco’s Distinguished Skyline Gets a New Addition

BizJournals.com covers the latest mixed-use skyscraper that is in the works for downtown San Francisco. The new real estate project is loaded with amenities and modern features. Read More

California Commercial Real Estate News Q1 2020

California’s Governor Outlines Plan to Open Up the State’s Economy

Gavin Newsome laid out the game plan for reopening California’s economy, and stated that “we must be guided by science and data.” After the citizens of California succeeded in flattening the curve, now’s the time to open up prudently and responsibly. Read More

Business Insider Covers the Impact of Covid-19 on the CRE Market

It was predictable to see that deals would fall through and tenants would have issues paying rent during the initial windfall of the pandemic. Business Insider covers some of the latest news nationwide with CRE during this challenging time. Read More

UCLA Study: Expect Contraction of California CRE Market Until 2022

A UCLA study investigating California’s commercial real estate market found that the trend of growth would contract a bit in the state for the next couple years.

Read More / Times of San Diego Article

California, One of the Least Vulnerable States to Coronavirus’ Economic Fallout

California’s dynamic, diversified economy makes it one of the more resilient economic markets in the world, and it is beneficial during the difficult times we face, as potential losses can be mitigated. Read More

Rexford Industrial Unleashes $200M+ in CRE Property Acquisitions

The commercial real estate company specializing in industrial real estate acquired a 10-building portfolio of warehouses and other industrial real estate properties around Southern California. Read More

Positive Sign for Malls in $3.6B Los Angeles Shopping Center Purchase

Simon Property Group’s pending acquisition of an 80% interest in Taubman Centers will give the former majority ownership of many high-quality malls around the USA. The deal illustrates that premier shopping centers are undervalued. Read More

California “Stay at Home Order” Will Test Many CRE Leases / Contracts

Tenants and landlords will adapt and react differently to the pandemic’s economic fallout, and more importantly will call to question the interpretation of contracts / responsibilities within the previously inked agreements. Read More

Predictions for the US’ Economy & CRE Market in the Wake of the Pandemic

Various CRE and economy experts weigh in on the impending economic wake that follows the pandemic. Read More

Los Angeles’ Industrial Real Estate Construction Up Nearly 90%

In 2020, 5.3 million square feet of industrial property will be delivered in Los Angeles, and another 26 million in the Inland Empire. This marks an increase of nearly 90% year-over-year. Read More

Los Angeles’ Art District is Expanding with 30+ Projects in the Works

Los Angeles’ commercial real estate expansion is not limited to industrial real estate, as the Art District has over 30 CRE projects in the pipeline. Read More

Acacia Capital Acquires Pleasanton Multifamily for $128

San Mateo-based Acacia Capital acquired Park Hacienda, a 540-unit apartment community in Pleasanton, CA for $248 million, which equals around $459,000 per unit. Read More

California Commercial Real Estate News Roundup 2019