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California Commercial Real Estate News Roundup 2022

November 07, 2022

California CRE Highlights & Headlines of Leases, Transactions, Developments & Investments

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 Q3 2022

South Coast & Santa Barbara Commercial Real Estate Report Q3 2022

Q3 CRE sales in the South Coast of California soften in 2022, but are still on track to surpass 2021’s record 109 transactions. Read More

TA Realty Acquires Two Industrial Properties for Nearly $134M

TA Realty inked a deal for two warehouse assets in The City of Industry and Corona, CA respectively. The City of Industry property was 100% occupied at the time of sale, and the Corona warehouse was 43% occupied. Read More 

Investment of $600M for Redevelopment of Television Center in Hollywood

The Television Center in Hollywood will be rebranded at Echelon Television Center, and it is being redeveloped as a means of keeping “Hollywood in Hollywood”. Read More

Ventura Mixed-Use Property Being Developed for $54M

The $54 million mixed-use development of Leap of Faith Partners is in the final stages of entitlement. Read More

Crinetics Pharmaceuticals Inks 94K SF Lease in San Diego

San Diego-based Crinetics Pharmaceuticals inked a 94,000 square foot lab space in Sorrento Mesa. Read More

Sale of 7 SoCal Office & Industrial Properties Shows Demand for the CRE Sectors in the Region

Demand for creative office and industrial spaces stays strong in Southern California as witnessed by one of the largest collective deals in the region during Q3 2022. Read More

Unibail-Rodamco-Westfield (URW) Sells Westfield Santa Anita Mall for Nearly $550M

The buyer of the 1.5M-square-foot retail property in Arcadia, CA was not disclosed publicly. The Westfield Santa Anita mall sold for $538 million. Read More

Bans on Development Are Aplenty in the Inland Empire, Where Vacancy Rates are Below 1%

The council of the Inland Empire discussed placing a 45-day moratorium on warehouse development in the area, despite the record-low vacancy rates. Read More

Three LA Apartment Buildings Go On the Market for Over $500M

Eastdill Secured listed three DTLA apartment properties with an aggregate of over 1,000 units for $520 million. Read More 

SoCal Cold Storage Industrial Asset More Than Doubles Sales Price in 7 Months

Thor Equities acquired a cold storage facility for $85M that exchanged hands for $36M in January 2022. Read More

Netflix Offloads 180K SF of Space in Burbank During Subscriber Loss, Layoffs

BisNow reports on Netflix’s recent release of 180,000 square feet of commercial real estate space in the Los Angeles region. Read More

California Commercial Real Estate News Q2 2022

Manulife Sells 2-Building San Diego Office Portfolio With Life Sciences Potential For $145M

An LLC connected to Manulife Investment Management sold two buildings near San Diego’s University Town Center area for $145M.  The Governor Park buildings were part of a portfolio that last traded hands in 2018 for $95M. Read More

$100 million-plus, two days: Prime South San Francisco sites are bought

A commercial real estate shopping spree has been widening in the biotech and tech hotbed on Peninsula Ave.  Read More

CBRE Brokers $14M Sale of West LA Industrial Site

The CBRE team brokered the $14 million sale of a 26,000-square-foot industrial property on South Sepulveda in West Los Angeles, CA. The transaction, to a local buyer in a 1031 exchange, amounted to $538 per square foot. Read More

Amazon Gobbling Up SoCal Office Space, Taking 439K SF In Santa Monica, Irvine, San Diego

The e-commerce giant recently announced plans to add more than 2,500 corporate and tech jobs in three Southern California cities, snapping up nearly 450K SF of office space in LA, Orange and San Diego counties to make room for its new staff. Read More

Irvine Office Campus Sells for $235M

JLL Capital Markets has closed the $235 million sale of Intersect, a four-building, creative office campus in Irvine, CA. JLL also procured the buyer in the transaction, MetLife Investment Management & PGGM, plus secured a $118 million acquisition loan through Allianz Real Estate. Read More

Greater Los Angeles ranks as one of the top metros for multifamily investments, rent increases

Greater Los Angeles gained momentum as one of the leading metros in the U.S. for multifamily investments and year-over-year rent increases in the first quarter of 2022. Read more

Sylmar Studios breaks ground on large $500 million production site

The project will be one of the first studio developments of its size built by a privately held company in Southern California in decades. Read More

Kennedy Wilson Acquires Three Multifamily Assets for $418M

Kennedy Wilson has purchased three multifamily communities in three off-market transactions totaling $418 million. The wholly-owned properties total 1,110 units and include the Palms at Peccole Ranch in Las Vegas, NV; La Privada in Scottsdale, AZ; and San Miguel del Bosque in Albuquerque, NM. Read More

Addressing California’s Affordable Housing Challenge

Attendees at the 2022 Housing California Conference explored housing models, inclusionary practices, government programs, energy incentives and more in an effort to address the affordable housing crisis facing California and the rest of the United States. Read More

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


Northern California Commercial Real Estate News

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


California Commercial Real Estate News 2020 - Radius Commercial Real Estate Group

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 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

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


See All California Commercial Real Estate News 2020

See All California Commercial Real Estate News 2019

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