Oakland area to be among top performers based on revenue per available room
Oakland area to be among top performers based on revenue per available room
The 2025 outlook for several California markets calls for a notable acceleration in hotel performance compared to the subdued results of 2024. Markets such as Oakland, Wine Country...
Foxx Development doubles footprint in border-adjacent Otay Mesa neighborhood
Technology firm Foxx Development leased more than 100,000 square feet in one of the San Diego region’s largest industrial deals of the past year by square footage, at a time when f...
Fewer units built for families or budget-conscious renters
Apartment deliveries in Orange County rose to a five-year high of over 2,800 units in 2024, but not many were studios or apartments with three or more bedrooms. Instead, developers...
Two transactions made up 20% of the total sales volume
In 2024, roughly $2.5 billion of hotel properties were traded in California, a decrease of 6% compared to the prior year, with the number of sales decreasing by over 10%. This was ...
Only 60% of properties completed in that California region last year are leased
Industrial leasing in California's Inland Empire isn't what it once was.
SimplerSpace to open fourth location in Orange County
A regional coworking operator that targets suburb-based workers is continuing to grow across Southern California, helping to backfill empty office space left behind by contracting ...
Investment manager in Norway pays $1.07 billion for stake in 14 million square feet of properties
Norges Bank Investment Management, the overseer of revenue from Norway's oil and gas resources, has bought a 45% interest in a nearly 14 million-square-foot U.S. industrial portfol...
New hires, promotions and other personnel changes
Northmarq bolsters Carolinas footprint
Over the past five years, the Puget Sound region has lost 1.5 million square feet of space
The Puget Sound region has seen the largest drop in retail inventory over the past five years of any U.S. retail market. The amount of space in retail buildings decreased by more t...
Utah investment firm acquires two Anaheim properties for more than $200 million
An investor has snapped up two Anaheim hotels in California's largest hospitality sales deal of 2024, the latest sign of a potential nationwide rebound in such transactions in the ...
Occupancy contracts another 4 million square feet
The Los Angeles industrial market remains the weakest in the nation.
Fast-growing Tarsus Pharmaceuticals signed deal at Spectrum Terrace
A fast-growing pharmaceutical firm has signed a lease at a premium office park in Irvine in the latest example of tenants opting for quality spaces in the wake of the pandemic in a...
Consumer spending growth and rising imports encourage more leasing
After years of rapid growth, vacancy in Inland Empire’s industrial market has tapered off, settling at 7.6% in the final quarter of 2024.
Electric vehicles won't reach critical mass in city without more charging stations, experts say
The race is on to install more electric vehicle chargers to meet California's ambitious goal of 100% zero-emission vehicle sales by 2035. The Golden State will need 1 million publi...
Defunct trucking company still trying to sell about 100 terminals
A federal judge approved Yellow’s $192.5 million sale of truck terminals as brokerage CBRE looks for buyers for the defunct trucking company’s remaining portfolio of about 100 term...
Southlake Hotel to rebrand, join Tribute Portfolio; Dana Point DoubleTree Suites now Hilton Garden Inn; and more
This roundup features the latest hotel conversions in the U.S. hotel industry.
Consistent leasing velocity outpaces new space listings
Orange County’s office market tightened for tenants in 2024, outperforming most U.S. markets.
The nearly $200 million in property sales still needs bankruptcy court approval
Yellow Corp. agreed to sell a dozen truck terminals near Los Angeles, Miami and other major markets for about $200 million to generate funds to pay off creditors in its bankruptcy ...
Rents down the most in Southern Californa cities of Irvine and Newport Beach
Apartment rents in Orange County declined in November, following a typical seasonal pattern.
Dollar Tree’s takeover of former 99 Cents Only Stores makes up large deal chunk
With a band of discount retailers leading the charge, Orange County's retail market could finish the year strong.