Most Expensive U.S. Zip Codes in 2020: Medians on the Rise in Country’s 100 Priciest Zips
Atherton remains priciest zip code at $7 million, followed by Sagaponack, Malibu & Beverly Hills, as California again dominates top 100 ranking.
Proposed Tax Law Amendment in California Could Greatly Affect Commercial & Industrial Properties
California’s Prop.15 seeks to tax commercial and industrial properties by their current market value, instead of the original purchase price.
An 80-Year Overview of Real Estate Development in L.A. — From Aeronautics, to Finance, to Silicon Beach
Urban resilience is an increasingly important topic in today’s complex environment. Through the evolution of its real estate market, Los Angeles is an example of urban resilience and adaptability.
L.A. County Home Sales Fall 21% in Turbulent 1st Half of 2020, Prices Grow 4%
L.A. County’s residential real estate market in the first half of 2020 was marked by COVID-19 and the county became one of the nation’s epicenters. We conducted a study of the market in 52 incorporated cities during this time and found that, as sales in L.A. County fell 21% compared to the same time period in 2019, median home sale prices rose 4% and sales fell from nearly 35,000 homes sold in the first half of 2019 to approximately 27,000 thus far in the current year.
California Food Tech Company Signs 112K SF Sublease
California food technology company Perfect Day recently announced it had subleased from Aduro Biotech 112,000 square feet of office and laboratory space at 740 Heinz Ave. in Berkeley, Calif. The sublease represents all of the space leased by Aduro in the Aquatic Park Center campus which totals 800,000 square feet of office space in 16…
Omninet Capital Nabs Two Metro LA Office Campuses for $78M
Omninet Capital recently purchased two metro Los Angeles office properties — one in Torrance and one in Commerce — for a total of $78 million. In the first deal, Omninet bought a three-building office park in Torrance called Park Del Amo. Located at 2355 and 2377 Crenshaw Blvd., the 204,468-square-foot campus fetched $39 million. At…
Round-Up: May 2020’s Notable Office Deals & Leases
Two months after the COVID-19 pandemic placed nearly all industries on hold, many financial markets are slowly restarting. In particular, several major office deals took place in May, proving that the situation in commercial real estate is starting to thaw. Here are the six most significant office deals and leases that took place this month….
The Most Expensive U.S. Office Space Submarkets In 2019
Key Takeaways California home to 36 of 100 most expensive U.S. office submarkets in 2019 New York’s Plaza District, Gramercy Park and Chelsea all in top 10 Mountain View’s Shoreline takes most expensive submarket in 2019 with average sale price per square foot of $1,554 compared to $233 national average The U.S. commercial real estate…
Mitsui Fudosan Tower Breaks Ground in Downtown Los Angeles
Mitsui Fudosan America has begun site clearance for its high-rise in downtown Los Angeles. Replacing a parking lot at the northeast corner of Eighth and Figueroa streets, the 42-story, mixed-use, residential tower is slated for completion within three years. Lendlease Construction is the project’s general contractor. The project—which got the green light last summer—calls for…
Central Business Districts vs. Urban vs. Suburban: Breaking Down 10 Years of Office Expansion in the US
Between 2008 and 2018, the U.S. expanded its office footprint by 682 million square feet, 370 million of which have been added in the top 20 markets. Using data from Yardi Matrix, a recent COMMERCIALCafé study looked closely at where this space was added—urban areas, suburban areas or central business districts (CBDs). The findings highlight…
Four California Cities Have Some of the Highest Shares of Renters Over 60 in the Top 30 Largest U.S. Cities
While many seniors still choose to own a home rather than rent it, there are still some who find renting the more comfortable option. A study by RENTCafé shows that renter households over 60 have increased considerably between 2007 and 2017, outpacing owner households and rising faster than other age groups. Specifically, among the top…
Top 5 US Cities for Self-Storage Facility Construction Right Now
The self-storage industry has been experiencing declining street rates in recent times, but there remains an enthusiasm for building storage facilities. With investors still seeing the industry as a good and stable option, it is therefore not surprising that in some parts of the country there are many self-storage projects in the pipeline, either in the construction or the planning…
Yardi Matrix Special Report: Coworking Grows Steadily, NYC Leads the Way
In October, Yardi Matrix released its latest special report, “Shared Space: Coworking’s Rapid Growth Set to be Tested.” According to the findings, the coworking segment continued its growth in 2019, despite industry headlines being dominated by the struggles of The We Company. However, this rapid expansion is set to be put to the test in…
5 Best Coworking Spaces in Santa Monica
Apart from its golden, sandy beaches and incredible sunsets, Santa Monica is also an established hub for entrepreneurs and freelancers seeking shared workspaces. Of course, you can spend your workday on the oceanfront, but sometimes you’ll be needing certain amenities that only a coworking space can offer. We put together a list of the top…
Top Most Expensive U.S. Zip Codes in 2019
While 11 states rank, California claims most expensive zip codes in any city, county or metro with San Francisco, L.A. County and Bay Area.
Bay Area Price Evolution 2014-2018: Bethel Island Median Up 117%, but Peninsula Still Absolute Price Leader
Key Takeaways: Median sale price up 40%+ in one-third of Bay Area markets. Bethel Island median leads with 117% expansion. 43 Bay Area municipalities post medians of at least $1 million. Penngrove leads sales activity growth, expanding 88%. At $6.7 million, Atherton is the most expensive Bay Area market. One of the most exclusive real…
Metro L.A. Residential Price Evolution 2014-2018: Beverly Hills Remains Most Expensive Market at $3M; Inglewood Leads Growth with 60% Median Gain
Metro L.A.’s real estate market remains among the most exclusive nationwide, with two of its neighborhoods posting median sale prices above the $10 million mark last year.
Check Out 10 of the Best Coworking Spaces in LA
Coworking has come to Hollywood in style with a range of spaces available in Los Angeles. The city has 3.7 million square feet of coworking space in 158 locations. While the city’s entertainment industry makes it an epicenter for freelancers and creatives, it can be difficult to navigate Los Angeles’ sprawling metropolis. However, several coworking…
ServiceTitan Expands to 125K SF at Nestle’s Former HQ in Glendale
ServiceTitan Inc. has recently signed a lease for 125,000 square feet of Los Angeles office space at 800 N. Brand Blvd. in Glendale. The tech startup will take over five floors of the building that were formerly occupied by the Nestlé USA headquarters, which was moved to Virginia last year. The 21-story, 520,000-square-foot building at…
The Top 10 Best Commuter Towns in Los Angeles and San Francisco
Key Takeaways: Commuter towns. Nothing but tail lights, the futile honking of horns, and all the wasted minutes of your life flying by while you sit still. It’s enough to give even the most hardened Californian anxiety. For most, this hellish commute is just the price of admission for a quieter, safer, and more spacious…
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