Liberty Property Strikes Deal To Buy 23 Million SF Cabot Industrial Portfolio for $1.5 Billion

In a strategic bid to shift its portfolio to the industrial property sector and away from suburban office, Liberty Property Trust (NYSE: LRY) announced it has agreed to buy the operating partnership of Cabot Industrial Value Fund III for $1.475 billion. The transaction, which is expected to close in October of of this year, will add approximately 23 million square feet and 177 properties to the Malvern, PA-based REIT's industrial holdings. Approximately...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Liberty-Property-Strikes-Deal-To-Buy-23-Million-SF-Cabot-Industrial-Portfolio-for-$15-Billion/150875?ref=/News/Article/Liberty-Property-Strikes-Deal-To-Buy-23-Million-SF-Cabot-Industrial-Portfolio-for-$15-Billion/150875&src=rss

Rancho Cucamonga Industrial Sells for $9.2M

CT Realty Investors purchased the industrial property at 10401 7th St. in Rancho Cucamonga, CA for $9.21 million, or about $66 per square foot, from Waitex International, Ltd. The New York-based logistics and supply chain solutions company will lease back the entire property from the new owner. Built in 1986, the property totals 138,595 square feet on 6.1 acres located at the southwest corner of 7th St. and Haven Ave. in the Airport Area submarket...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Rancho-Cucamonga-Industrial-Sells-for-$92M/150713?ref=/News/Article/Rancho-Cucamonga-Industrial-Sells-for-$92M/150713&src=rss

Victor Valley Self Storage Trades For $3.3M

A family trust purchased the Victor Valley self-storage facility at 12250 Ridgecrest Rd. in Victorville, CA for $3.3 million, or about $50 per square foot, from a private trust. The sale represents the buyer's upleg in a 1031 exchange. The self-storage facility was built in 2004, totals 65,699 square feet, and sits on 4.2 acres located at the southwest corner of Ridgecrest Rd. and Lindero St., just off of Bear Valley Rd. to the north, in San...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Victor-Valley-Self-Storage-Trades-For-$33M/150671?ref=/News/Article/Victor-Valley-Self-Storage-Trades-For-$33M/150671&src=rss

Rancho Cucamonga Industrial Sells for $9.2M

CT Realty Investors purchased the industrial property at 10401 7th St. in Rancho Cucamonga, CA for $9.21 million, or about $66 per square foot, from Waitex International, Ltd. The New York-based logistics and supply chain solutions company will lease back the entire property from the new owner. Built in 1986, the property totals 138,595 square feet on 6.1 acres located at the southwest corner of 7th St. and Haven Ave. in the Airport Area submarket...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Rancho-Cucamonga-Industrial-Sells-for-$92M/150713?ref=/News/Article/Rancho-Cucamonga-Industrial-Sells-for-$92M/150713&src=rss

Victor Valley Self Storage Trades For $3.3M

A family trust purchased the Victor Valley self-storage facility at 12250 Ridgecrest Rd. in Victorville, CA for $3.3 million, or about $50 per square foot, from a private trust. The sale represents the buyer's upleg in a 1031 exchange. The self-storage facility was built in 2004, totals 65,699 square feet, and sits on 4.2 acres located at the southwest corner of Ridgecrest Rd. and Lindero St., just off of Bear Valley Rd. to the north, in San...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Victor-Valley-Self-Storage-Trades-For-$33M/150671?ref=/News/Article/Victor-Valley-Self-Storage-Trades-For-$33M/150671&src=rss

Eagles Will Fly at Forum Grand Reopening

INGLEWOOD, CA-In anUPDATEto GlobeSt.com’s earlier report, details have been released on the revival of the Forum as an entertainment venue. The Eagles will reopen the arena in January.

via Los Angeles http://www.globest.com/news/12_659/losangeles/development/Eagles-Will-Fly-at-Forum-Grand-Reopening-336113.html

Consistent Prospecting Is Key to Survival

LOS ANGELES-Young professional, Black Rogers, managing director of Charles Dunn Co., talks multifamily, development and three key principals that are key to “making it in the business in this EXCLUSIVE Q&A with GlobeSt.com.

via Los Angeles http://www.globest.com/news/12_659/losangeles/multifamily/Consistent-Prospecting-Is-Key-to-Survival-336077.html

First Deal for Canyon/Pacshore JV

LOS ANGELES-A joint venture designed to cultivate the next generation of CRE fund managers has purchased a five-acre property in Playa Vista for just over $36 million.

via Los Angeles http://www.globest.com/news/12_658/losangeles/acquisitions_dispositions/First-Deal-for-CanyonPacshore-JV-336085.html

USC Minority Program Expands to San Diego

LOS ANGELES-The University of Southern California’s Ross Minority Program in Real Estate will be offered in San Diego for the first time this fall.

via Los Angeles http://www.globest.com/news/12_658/losangeles/young_professionals/USC-Minority-Program-Expands-to-San-Diego-336084.html

Wells Fargo Upbeat on California Economy

LOS ANGELES-A Wells Fargo Securities report says California will out-perform the national economy over the next few years.

via Los Angeles http://www.globest.com/news/12_658/losangeles/economy/Wells-Fargo-Upbeat-on-US-California-Economy-336048.html

CBRE Starts Small-Biz Lending Group

LOS ANGELES-CBRE Group starts a new service that will finance up to 90% of commercial owner-occupied properties with a value up to $15 million.

via Los Angeles http://www.globest.com/news/12_657/losangeles/finance/CBRE-Starts-Small-Biz-Lending-Group-336023.html

Parnell Medical Building Changes Hands

LOS ANGELES-A 17,000-square foot medical office building changes hands for $15 million

via Los Angeles http://www.globest.com/news/12_657/losangeles/acquisitions_dispositions/Parnell-Medical-Building-Changes-Hands-336024.html

Waite Won't Stand Still With ULI

LOS ANGELES-Incoming chairman David Waite of the Urban Land Institute unveils some ambitious plans for his new regime.

via Los Angeles http://www.globest.com/news/12_657/losangeles/young_professionals/Waite-Wont-Stand-Still-with-ULI-335978.html

CoStar's People of Note (July 21 - 27)

This week's People of Note includes the following markets: Los Angeles, Indianapolis, Dallas, Atlanta, Madison, San Francisco, New Jersey, Las Vegas, and Houston. LOS ANGELES NewMark Merrill Taps Rorison as New COO By Justin Sumner Susan Rorison has joined NewMark Merrill Companies as its new chief operations officer. In her new role, Rorison will oversee all the firm's operations including the management, acquisition and



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-July-21-27/150689?ref=/News/Article/CoStars-People-of-Note-July-21-27/150689&src=rss

Market Trend: Inland Empire's Retail Vacancy Decreases to 8.7%

The Inland Empire retail market did not experience much change in market conditions in the second quarter 2013. The vacancy rate went from 8.8% in the previous quarter to 8.7% in the current quarter. Net absorption was positive 164,304 square feet, and vacant sublease space decreased by 7,308 square feet. In first quarter 2013, net absorption was positive 474,650 square feet. Tenants moving into large blocks of space in 2013 include: Macy...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/150625?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/150625&src=rss

North Village Center Sells for $4.1M

A private investor acquired the three-building North Village Center business park located at 19345-19465 Indian Ave. in North Palm Springs, CA for $4.12 million, or about $44 per square foot, from Essex Realty Management, Inc. in a short-sale transaction. Built in phases in 1985, 1986 and 1990, the business park totals 92,849 square feet on 7.9 acres at the northwest corner of N. Indian Canyon Dr. and 20th Ave., just north of the 10 Freeway....



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/North-Village-Center-Sells-for-$41M/150438?ref=/News/Article/North-Village-Center-Sells-for-$41M/150438&src=rss

Rimpau Ave Retail Sells for $1.4M

A private trust acquired the retail building at 650 Rimpau Ave. in Corona, CA for $1.375 million, or about $116 per square foot, from a family trust. The buyer plans on opening a Napa Auto Parts store at the site. Built in 1990, the freestanding property totals 11,851 square feet on three-quarters of an acre at the southwest corner of E. 6th St. in Riverside County. Brian Tressen of Martin Associates Brokerage represented both sides of the...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Rimpau-Ave-Retail-Sells-for-$14M/150426?ref=/News/Article/Rimpau-Ave-Retail-Sells-for-$14M/150426&src=rss

Ontario Industrial Acquired for $4.8M

Jada Real Estate LLC purchased the industrial property located at 1800 S. Turner Ave. in Ontario, CA from a family trust for $4.82 million, or approximately $85 per square foot. The buyer is currently marketing the building for lease. Built in 2000, the property totals 56,585 square feet on 3.3 acres at the southwest corner of S. Turner Ave. and E. Mission Blvd., part of the California Commerce Center South industrial park in San Bernardino County...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Ontario-Industrial-Acquired-for-$48M/150294?ref=/News/Article/Ontario-Industrial-Acquired-for-$48M/150294&src=rss

CoStar's People of Note (July 14 - 20)

This week's People of Note includes the following markets: Chicago, South Florida, Indianapolis, San Diego, Seattle, Phoenix, New York City, Jacksonville, Greenville/Spartanburg, and Raleigh/Durham. CHICAGO Cushman & Wakefield Expands Industrial Team By Felipe Serpa Whit Heitman, Sam Badger, and Brad Weiner have joined Cushman & Wakefield’s Chicago-based industrial group. All three joined the fir



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/CoStars-People-of-Note-July-14-20/150406?ref=/News/Article/CoStars-People-of-Note-July-14-20/150406&src=rss

Market Trend: Inland Empire's Office Vacancy Decreases to 12.9%

The Inland Empire Office market ended the second quarter 2013 with a vacancy rate of 12.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 378,413 square feet in the second quarter. That compares to positive 126,137 square feet in the first quarter 2013. Vacant sublease space decreased in the quarter, ending the quarter at 78,033 square feet. Tenants moving into large blocks of space in 2013...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-129/150367?ref=/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-129/150367&src=rss

Sares-Regis Plans Logistics Center in Moreno Valley

Irvine, CA-based Sares-Regis Group (SRG) announced plans to develop up to 1.6 million square feet of distribution space on 72 acres in Moreno Valley, CA, in the Inland Empire market. The property is on Grove View Road off Perris Boulevard near the Harley Knox Boulevard exit from Interstate 215. The property is near March Air Reserve Base and other regional distribution centers for brands and retailers that include Whirlpool, Hanesbrands Inc., Home...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Sares-Regis-Plans-Logistics-Center-in-Moreno-Valley/150260?ref=/News/Article/Sares-Regis-Plans-Logistics-Center-in-Moreno-Valley/150260&src=rss

Ontario Industrial Sells for $2.9M

Family Investment LLC purchased the industrial property at 1495 Hudson Ave. in Ontario, CA from a private party for $2.89 million, or about $90 per square foot. The buyer will occupy the building, doing business as Myriad Trading Company. Built in 2004, the property totals 32,322 square feet on 1.5 acres located at the southeast corner of Hudson Ave. and Jurupa St., adjacent to the Ontario Auto Center, in San Bernardino County. Ryan Athens of...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Ontario-Industrial-Sells-for-$29M/149956?ref=/News/Article/Ontario-Industrial-Sells-for-$29M/149956&src=rss

First Industrial Realty Trust Completes Fully Leased First Chino Logistics Ctr

First Industrial Realty Trust, Inc. has completed construction on its new First Chino Logistics Center located at 6185 Kimball Ave. in Chino, CA. The 300,000-square-foot building features 46 loading docks, two drive-in bays, 32-foot clear heights, 800-amp heavy power, and parking for industrial trailers. The property was 100-percent pre-leased to Lollicup, a specialty beverage retailer and supplier, for its US headquarters, offices, productions...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/First-Industrial-Realty-Trust-Completes-Fully-Leased-First-Chino-Logistics-Ctr/150213?ref=/News/Article/First-Industrial-Realty-Trust-Completes-Fully-Leased-First-Chino-Logistics-Ctr/150213&src=rss

Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale. Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

CoStar's People of Note (July 21 - 27)

This week's People of Note includes the following markets: Los Angeles, Indianapolis, Dallas, Atlanta, Madison, San Francisco, New Jersey, Las Vegas, and Houston. LOS ANGELES NewMark Merrill Taps Rorison as New COO By Justin Sumner Susan Rorison has joined NewMark Merrill Companies as its new chief operations officer. In her new role, Rorison will oversee all the firm's operations including the management, acquisition and



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/CoStars-People-of-Note-July-21-27/150689?ref=/News/Article/CoStars-People-of-Note-July-21-27/150689&src=rss

Johnson Capital Launches New Division

LOS ANGELES-Johnson Capital has launched a new division that will look for “opportunistic” national development projects in the $20 million to $500 million range.

via Los Angeles http://www.globest.com/news/12_656/losangeles/finance/Johnson-Capital-Launches-New-Division-335966.html

The Forum Will Be Fabulous Again

INGLEWOOD, CA-The one-time home of the L.A. Lakers will detail its $50 million revitalization as a concert venue on Tuesday. Madison Square Garden and music mogul Irving Azoff are involved.

via Los Angeles http://www.globest.com/news/12_656/losangeles/industrial/The-Forum-Will-Be-Fabulous-Again-335965.html

CoStar's People of Note (July 21 - 27)

This week's People of Note includes the following markets: Los Angeles, Indianapolis, Dallas, Atlanta, Madison, San Francisco, New Jersey, Las Vegas, and Houston. LOS ANGELES NewMark Merrill Taps Rorison as New COO By Justin Sumner Susan Rorison has joined NewMark Merrill Companies as its new chief operations officer. In her new role, Rorison will oversee all the firm's operations including the management, acquisition and



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-July-21-27/150689?ref=/News/Article/CoStars-People-of-Note-July-21-27/150689&src=rss

CoStar's People of Note (July 21 - 27)

This week's People of Note includes the following markets: Los Angeles, Indianapolis, Dallas, Atlanta, Madison, San Francisco, New Jersey, Las Vegas, and Houston. LOS ANGELES NewMark Merrill Taps Rorison as New COO By Justin Sumner Susan Rorison has joined NewMark Merrill Companies as its new chief operations officer. In her new role, Rorison will oversee all the firm's operations including the management, acquisition and



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-July-21-27/150689?ref=/News/Article/CoStars-People-of-Note-July-21-27/150689&src=rss

Market Trend: Inland Empire's Retail Vacancy Decreases to 8.7%

The Inland Empire retail market did not experience much change in market conditions in the second quarter 2013. The vacancy rate went from 8.8% in the previous quarter to 8.7% in the current quarter. Net absorption was positive 164,304 square feet, and vacant sublease space decreased by 7,308 square feet. In first quarter 2013, net absorption was positive 474,650 square feet. Tenants moving into large blocks of space in 2013 include: Macy...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/150625?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/150625&src=rss

North Village Center Sells for $4.1M

A private investor acquired the three-building North Village Center business park located at 19345-19465 Indian Ave. in North Palm Springs, CA for $4.12 million, or about $44 per square foot, from Essex Realty Management, Inc. in a short-sale transaction. Built in phases in 1985, 1986 and 1990, the business park totals 92,849 square feet on 7.9 acres at the northwest corner of N. Indian Canyon Dr. and 20th Ave., just north of the 10 Freeway....



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/North-Village-Center-Sells-for-$41M/150438?ref=/News/Article/North-Village-Center-Sells-for-$41M/150438&src=rss

Rimpau Ave Retail Sells for $1.4M

A private trust acquired the retail building at 650 Rimpau Ave. in Corona, CA for $1.375 million, or about $116 per square foot, from a family trust. The buyer plans on opening a Napa Auto Parts store at the site. Built in 1990, the freestanding property totals 11,851 square feet on three-quarters of an acre at the southwest corner of E. 6th St. in Riverside County. Brian Tressen of Martin Associates Brokerage represented both sides of the...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/Rimpau-Ave-Retail-Sells-for-$14M/150426?ref=/News/Article/Rimpau-Ave-Retail-Sells-for-$14M/150426&src=rss

Ontario Industrial Acquired for $4.8M

Jada Real Estate LLC purchased the industrial property located at 1800 S. Turner Ave. in Ontario, CA from a family trust for $4.82 million, or approximately $85 per square foot. The buyer is currently marketing the building for lease. Built in 2000, the property totals 56,585 square feet on 3.3 acres at the southwest corner of S. Turner Ave. and E. Mission Blvd., part of the California Commerce Center South industrial park in San Bernardino County...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/Ontario-Industrial-Acquired-for-$48M/150294?ref=/News/Article/Ontario-Industrial-Acquired-for-$48M/150294&src=rss

Market Trend: Inland Empire's Retail Vacancy Decreases to 8.7%

The Inland Empire retail market did not experience much change in market conditions in the second quarter 2013. The vacancy rate went from 8.8% in the previous quarter to 8.7% in the current quarter. Net absorption was positive 164,304 square feet, and vacant sublease space decreased by 7,308 square feet. In first quarter 2013, net absorption was positive 474,650 square feet. Tenants moving into large blocks of space in 2013 include: Macy...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/150625?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/150625&src=rss

Dunkin' Donuts: On a Westward March

LOS ANGELES-In an UPDATE to our previous story, Dunkin' Donuts business development head Grant Benson talks about the company's extensive plans to roll out more than donuts in California.

via Los Angeles http://www.globest.com/news/12_656/losangeles/retail/Dunkin-Donuts-Benson-Were-on-a-Westward-March-335938.html

Dunkin' Donuts Comes to California

LOS ANGELES-Dunkin' Donuts plans to open 45 standalone restaurants in Los Angeles and Orange counties by 2015. But some smaller brand outlets may open sooner.

via Los Angeles http://www.globest.com/news/12_655/losangeles/corporate_real_estate/Dunkin-Donuts-Comes-to-California-335920.html

The Clash to Rock Hermosa-No, Not That One

HERMOSA BEACH, CA-A 30-room Boutique Hotel called The Clash is approved by the City Council here. Construction is expected to begin next year on the project.

via Los Angeles http://www.globest.com/news/12_655/losangeles/hotel/The-Clash-Will-Rock-Hermosa-No-Not-That-One-335915.html

Market Trend: Inland Empire's Retail Vacancy Decreases to 8.7%

The Inland Empire retail market did not experience much change in market conditions in the second quarter 2013. The vacancy rate went from 8.8% in the previous quarter to 8.7% in the current quarter. Net absorption was positive 164,304 square feet, and vacant sublease space decreased by 7,308 square feet. In first quarter 2013, net absorption was positive 474,650 square feet. Tenants moving into large blocks of space in 2013 include: Macy...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/150625?ref=/News/Article/Market-Trend-Inland-Empires-Retail-Vacancy-Decreases-to-87/150625&src=rss

Johnson Capital Arranges Loan for Ralph's-Anchored Shopping Center

TUSTIN, CA-The 126,761 square foot center was built in 1995. The term of the non-recourse loan is 15 years.

via Los Angeles http://www.globest.com/news/12_655/losangeles/retail/Johnson-Capital-Arranges-Loan-for-Ralphs-Anchored-Shopping-Center-335910.html

Panama Canal Impact "Minimal," Says Exec

LOS ANGELES-In an UPDATE to our earlier story, Jones Lang LaSalle SVP Barry Hill talks about aspects of the firm's recent Seaport Outlook report.

via Los Angeles http://www.globest.com/news/12_655/losangeles/economy/JLLs-Hill-Panama-Canal-Impact-Will-Be-Minimal-335899.html

North Village Center Sells for $4.1M

A private investor acquired the three-building North Village Center business park located at 19345-19465 Indian Ave. in North Palm Springs, CA for $4.12 million, or about $44 per square foot, from Essex Realty Management, Inc. in a short-sale transaction. Built in phases in 1985, 1986 and 1990, the business park totals 92,849 square feet on 7.9 acres at the northwest corner of N. Indian Canyon Dr. and 20th Ave., just north of the 10 Freeway....



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/North-Village-Center-Sells-for-$41M/150438?ref=/News/Article/North-Village-Center-Sells-for-$41M/150438&src=rss

Rimpau Ave Retail Sells for $1.4M

A private trust acquired the retail building at 650 Rimpau Ave. in Corona, CA for $1.375 million, or about $116 per square foot, from a family trust. The buyer plans on opening a Napa Auto Parts store at the site. Built in 1990, the freestanding property totals 11,851 square feet on three-quarters of an acre at the southwest corner of E. 6th St. in Riverside County. Brian Tressen of Martin Associates Brokerage represented both sides of the...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Rimpau-Ave-Retail-Sells-for-$14M/150426?ref=/News/Article/Rimpau-Ave-Retail-Sells-for-$14M/150426&src=rss

Ontario Industrial Acquired for $4.8M

Jada Real Estate LLC purchased the industrial property located at 1800 S. Turner Ave. in Ontario, CA from a family trust for $4.82 million, or approximately $85 per square foot. The buyer is currently marketing the building for lease. Built in 2000, the property totals 56,585 square feet on 3.3 acres at the southwest corner of S. Turner Ave. and E. Mission Blvd., part of the California Commerce Center South industrial park in San Bernardino County...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Ontario-Industrial-Acquired-for-$48M/150294?ref=/News/Article/Ontario-Industrial-Acquired-for-$48M/150294&src=rss

City Council Approves Millennium Hollywood

LOS ANGELES-In an UPDATE to our previous stories, the City Council has approved the massive and controversial Millennium Hollywood development. But they vowed to monitor studies on its location near an earthquake fault before finak building permits are issued.

via Los Angeles http://www.globest.com/news/12_654/losangeles/development/City-Council-Approves-Millennium-Hollywood-335882.html

Berkeley Point and Luther Burbank Sign Leases at SeaRise Office Tower

SANTA MONICA, CA-Berkeley Point will continue to occupy more than 4,500 square feet, while Luther Burbank Savings will open its seventh California branch.

via Los Angeles http://www.globest.com/news/12_654/losangeles/office/Berkeley-Point-and-Luther-Burbank-Sign-Leases-at-SeaRise-Office-Tower-335870.html

New Owner for SM Honda Dealer Lot

SANTA MONICA, CA-The land and buildings for Honda of Santa Monica change hands for just over $22 million. The dealership will continue to operate as part of the city's Auto Row.

via Los Angeles http://www.globest.com/news/12_654/losangeles/acquisitions_dispositions/Big-Deal-at-Santa-Monica-Honda-335863.html

Echo Park Mixed Use Sells for $450,000 Per-Unit

LOS ANGELES- Echo Ten Thirty Lofts were sold to a private investor, with Hendricks-Berkadia closing for the seller.

via Los Angeles http://www.globest.com/news/12_654/losangeles/multifamily/Echo-Park-Mixed-Use-Sells-for-450000-Per-Unit-335861.html

North Village Center Sells for $4.1M

A private investor acquired the three-building North Village Center business park located at 19345-19465 Indian Ave. in North Palm Springs, CA for $4.12 million, or about $44 per square foot, from Essex Realty Management, Inc. in a short-sale transaction. Built in phases in 1985, 1986 and 1990, the business park totals 92,849 square feet on 7.9 acres at the northwest corner of N. Indian Canyon Dr. and 20th Ave., just north of the 10 Freeway....



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/North-Village-Center-Sells-for-$41M/150438?ref=/News/Article/North-Village-Center-Sells-for-$41M/150438&src=rss

Rimpau Ave Retail Sells for $1.4M

A private trust acquired the retail building at 650 Rimpau Ave. in Corona, CA for $1.375 million, or about $116 per square foot, from a family trust. The buyer plans on opening a Napa Auto Parts store at the site. Built in 1990, the freestanding property totals 11,851 square feet on three-quarters of an acre at the southwest corner of E. 6th St. in Riverside County. Brian Tressen of Martin Associates Brokerage represented both sides of the...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Rimpau-Ave-Retail-Sells-for-$14M/150426?ref=/News/Article/Rimpau-Ave-Retail-Sells-for-$14M/150426&src=rss

Still Room for Mom and Pop in Retail

LOS ANGELES-Scott Burns of Wilson Commercial Real Estate talks says the small retail entrepreneur is filling a void caused by the over-expansion of previous years.

via Los Angeles http://www.globest.com/news/12_653/losangeles/leasing/Burns-Still-Room-for-Mom-and-Pop-in-Retail-335810.html

Ontario Industrial Acquired for $4.8M

Jada Real Estate LLC purchased the industrial property located at 1800 S. Turner Ave. in Ontario, CA from a family trust for $4.82 million, or approximately $85 per square foot. The buyer is currently marketing the building for lease. Built in 2000, the property totals 56,585 square feet on 3.3 acres at the southwest corner of S. Turner Ave. and E. Mission Blvd., part of the California Commerce Center South industrial park in San Bernardino County...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Ontario-Industrial-Acquired-for-$48M/150294?ref=/News/Article/Ontario-Industrial-Acquired-for-$48M/150294&src=rss

N.Y./N.J. Port Beats L.A./Long Beach

LOS ANGELES-The Jones Lang LaSalle Seaport Outlook report shows the Port of New York and New Jersey widening its lead on Los Angeles and Long Beach harbors.

via Los Angeles http://www.globest.com/news/12_653/losangeles/economy/NY-Port-Widening-Gap-Over-LA-Long-Beach-335783.html

Westwood Terrace Changes Hands for $54M

LOS ANGELES-A five-story office building in Westwood is sold to a joint venture for $54 million in an off-market deal.

via Los Angeles http://www.globest.com/news/12_652/losangeles/office/Westwood-Terrace-Changes-Hands-for-54M-335762.html

JV Shuffles Two Waterfront Hotels

LONG BEACH, CA-Carey Watermark Investors has sold its 49% interest in two waterfront hotels here to its JV partner for close to $23 million. Ensemble Hotel Partners LLC will retain all obligations, including third party debt.

via Los Angeles http://www.globest.com/news/12_652/losangeles/hotel/JV-Shuffles-Two-Waterfront-Hotels-335760.html

Universal Lofts Reach the Mezzanine

LOS ANGELES-The 67-unit Universal Lofts, located near Universal Studios, gets a round of mezzanine financing. The money will help convert some of the units to condominiums.

via Los Angeles http://www.globest.com/news/12_652/losangeles/multifamily/Universal-Lofts-Reach-the-Mezzanine-335735.html

Industrial Tenants in for Cost Hikes

CHICAGO-Demand still outstrips supply, leading to a nearly 2% growth in tenant costs over the next five years, according to new data being released by DTZ.

via Los Angeles http://www.globest.com/news/12_652/national/industrial/Industrial-Tenants-in-for-a-Cost-Hikes-335722.html

CoStar's People of Note (July 14 - 20)

This week's People of Note includes the following markets: Chicago, South Florida, Indianapolis, San Diego, Seattle, Phoenix, New York City, Jacksonville, Greenville/Spartanburg, and Raleigh/Durham. CHICAGO Cushman & Wakefield Expands Industrial Team By Felipe Serpa Whit Heitman, Sam Badger, and Brad Weiner have joined Cushman & Wakefield’s Chicago-based industrial group. All three joined the fir



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/CoStars-People-of-Note-July-14-20/150406?ref=/News/Article/CoStars-People-of-Note-July-14-20/150406&src=rss

CoStar's People of Note (July 14 - 20)

This week's People of Note includes the following markets: Chicago, South Florida, Indianapolis, San Diego, Seattle, Phoenix, New York City, Jacksonville, Greenville/Spartanburg, and Raleigh/Durham. CHICAGO Cushman & Wakefield Expands Industrial Team By Felipe Serpa Whit Heitman, Sam Badger, and Brad Weiner have joined Cushman & Wakefield’s Chicago-based industrial group. All three joined the fir



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-July-14-20/150406?ref=/News/Article/CoStars-People-of-Note-July-14-20/150406&src=rss

Market Trend: Inland Empire's Office Vacancy Decreases to 12.9%

The Inland Empire Office market ended the second quarter 2013 with a vacancy rate of 12.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 378,413 square feet in the second quarter. That compares to positive 126,137 square feet in the first quarter 2013. Vacant sublease space decreased in the quarter, ending the quarter at 78,033 square feet. Tenants moving into large blocks of space in 2013...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-129/150367?ref=/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-129/150367&src=rss

Rexford Industrial Scores $224M IPO

LOS ANGELES-Rexford Industrial Realty of Brentwood raises $224 million on the first day of its initial public offering.

via Los Angeles http://www.globest.com/news/12_651/losangeles/finance/Rexford-Industrial-Scores-224M-IPO-335738.html

Rexford Industrial Scores $224M IPO

LOS ANGELES-Rexford Indsutrial Realty of Brentwood raises $224 million in its initial public offering.

via Los Angeles http://www.globest.com/news/12_651/losangeles/finance/Rexford-Industrial-Scores-220M-IPO-335738.html

New Senior Arts Colony Opens

LONG BEACH, CA-The $70 million Long Beach Senior Arts Colony has opened. It offers a 99-seat theatre, arts classes and other activities for residents of its 200 units.

via Los Angeles http://www.globest.com/news/12_651/losangeles/multifamily/New-Senior-Arts-Colony-Opens-335715.html

CBRE: Creative Office Tenants Expanding

LOS ANGELES-A CBRE report finds creative office space expanding beyond media, tech and entertainment companies to law firms, real estate and financial companies. CBRE itself is adapting the concept.

via Los Angeles http://www.globest.com/news/12_651/losangeles/office/CBRE-Creative-Office-Tenants-Expanding-335713.html

Time Equities Purchases Diamond Valley Plaza

HEMET, CA-The shopping center is now 94% occupied with tenants that include Crunch Fitness and Big Cheese Pizza.

via Los Angeles http://www.globest.com/news/12_651/losangeles/retail/Time-Equities-Purchases-Diamond-Valley-Plaza-335711.html

CoStar's People of Note (July 14 - 20)

This week's People of Note includes the following markets: Chicago, South Florida, Indianapolis, San Diego, Seattle, Phoenix, New York City, Jacksonville, Greenville/Spartanburg, and Raleigh/Durham. CHICAGO Cushman & Wakefield Expands Industrial Team By Felipe Serpa Whit Heitman, Sam Badger, and Brad Weiner have joined Cushman & Wakefield’s Chicago-based industrial group. All three joined the fir



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-July-14-20/150406?ref=/News/Article/CoStars-People-of-Note-July-14-20/150406&src=rss

Tribune Co. Names President/Real Estate

LOS ANGELES-In an update to our earlier story, the L.A. Times has named Murray McQueen as president/real estate. His job is to assess the company’s 7 million square feet of assets.

via Los Angeles http://www.globest.com/news/12_651/losangeles/employment/Tribune-Co-Names-President-of-Real-Estate-335689.html

Market Trend: Inland Empire's Office Vacancy Decreases to 12.9%

The Inland Empire Office market ended the second quarter 2013 with a vacancy rate of 12.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 378,413 square feet in the second quarter. That compares to positive 126,137 square feet in the first quarter 2013. Vacant sublease space decreased in the quarter, ending the quarter at 78,033 square feet. Tenants moving into large blocks of space in 2013...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-129/150367?ref=/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-129/150367&src=rss

Huge Bel Air Parcel on Block

LOS ANGELES-The largest piece of undeveloped land in L.A.'s most exclusive residential community is on the market. You can buy 258 acres of Bel Air for $125 million.

via Los Angeles http://www.globest.com/news/12_650/losangeles/sales/Huge-Bel-Air-Parcel-on-Block-335669.html

City Nat'l Plaza May Be in Play

LOS ANGELES

via Los Angeles http://www.globest.com/news/12_650/losangeles/asset_management/City-Natl-Plaza-May-Be-in-Play-335668.html

Market Trend: Inland Empire's Office Vacancy Decreases to 12.9%

The Inland Empire Office market ended the second quarter 2013 with a vacancy rate of 12.9%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 378,413 square feet in the second quarter. That compares to positive 126,137 square feet in the first quarter 2013. Vacant sublease space decreased in the quarter, ending the quarter at 78,033 square feet. Tenants moving into large blocks of space in 2013...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-129/150367?ref=/News/Article/Market-Trend-Inland-Empires-Office-Vacancy-Decreases-to-129/150367&src=rss

Walmart on the Move in California

LOS ANGELES-Walmart Neighborhood Markets are on the move in the state, with a new outlet bowing yesterday in Torrance and more likely on the way.

via Los Angeles http://www.globest.com/news/12_650/losangeles/retail/Walmart-on-the-Move-in-California-335641.html

Three Buildings Go For $550M

LOS ANGELES-Hines REIT sells three high-profile office buildings for $550 million. The trio are are fully-leased to major tenants.

via Los Angeles http://www.globest.com/news/12_649/losangeles/acquisitions_dispositions/Three-Buildings-Go-For-550M-335617.html

Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale. Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

Wilshire Church Collects $28M Sale

LOS ANGELES-In what’s billed as the largest church transaction this year, a property at 1925 Wilshire Blvd. has sold for close to $28 million to Universal Church.

via Los Angeles http://www.globest.com/news/12_649/losangeles/acquisitions_dispositions/Wilshire-Church-Collects-28M-Sale-335594.html

Sares-Regis Plans Logistics Center in Moreno Valley

Irvine, CA-based Sares-Regis Group (SRG) announced plans to develop up to 1.6 million square feet of distribution space on 72 acres in Moreno Valley, CA, in the Inland Empire market. The property is on Grove View Road off Perris Boulevard near the Harley Knox Boulevard exit from Interstate 215. The property is near March Air Reserve Base and other regional distribution centers for brands and retailers that include Whirlpool, Hanesbrands Inc., Home...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Sares-Regis-Plans-Logistics-Center-in-Moreno-Valley/150260?ref=/News/Article/Sares-Regis-Plans-Logistics-Center-in-Moreno-Valley/150260&src=rss

Sares-Regis Plans Logistics Center in Moreno Valley

Irvine, CA-based Sares-Regis Group (SRG) announced plans to develop up to 1.6 million square feet of distribution space on 72 acres in Moreno Valley, CA, in the Inland Empire market. The property is on Grove View Road off Perris Boulevard near the Harley Knox Boulevard exit from Interstate 215. The property is near March Air Reserve Base and other regional distribution centers for brands and retailers that include Whirlpool, Hanesbrands Inc., Home...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/Sares-Regis-Plans-Logistics-Center-in-Moreno-Valley/150260?ref=/News/Article/Sares-Regis-Plans-Logistics-Center-in-Moreno-Valley/150260&src=rss

Ontario Industrial Sells for $2.9M

Family Investment LLC purchased the industrial property at 1495 Hudson Ave. in Ontario, CA from a private party for $2.89 million, or about $90 per square foot. The buyer will occupy the building, doing business as Myriad Trading Company. Built in 2004, the property totals 32,322 square feet on 1.5 acres located at the southeast corner of Hudson Ave. and Jurupa St., adjacent to the Ontario Auto Center, in San Bernardino County. Ryan Athens of...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/Ontario-Industrial-Sells-for-$29M/149956?ref=/News/Article/Ontario-Industrial-Sells-for-$29M/149956&src=rss

First Industrial Realty Trust Completes Fully Leased First Chino Logistics Ctr

First Industrial Realty Trust, Inc. has completed construction on its new First Chino Logistics Center located at 6185 Kimball Ave. in Chino, CA. The 300,000-square-foot building features 46 loading docks, two drive-in bays, 32-foot clear heights, 800-amp heavy power, and parking for industrial trailers. The property was 100-percent pre-leased to Lollicup, a specialty beverage retailer and supplier, for its US headquarters, offices, productions...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/First-Industrial-Realty-Trust-Completes-Fully-Leased-First-Chino-Logistics-Ctr/150213?ref=/News/Article/First-Industrial-Realty-Trust-Completes-Fully-Leased-First-Chino-Logistics-Ctr/150213&src=rss

Increasing REO Sales Driving CMBS Delinquency Rates Lower

As special servicers continued to ramp up sales of their real estate owned (REO) properties, U.S. CMBS delinquencies fell to their lowest level in more than three years, according to the latest index results from Fitch Ratings. CMBS late-pays declined 19 basis points (bps) in June to 7.18% from 7.37% a month earlier, the lowest level since March 2010. Fitch said the decline was largely fueled by the sale of $622 million (in stated loan balance)...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/Increasing-REO-Sales-Driving-CMBS-Delinquency-Rates-Lower/150170?ref=/News/Article/Increasing-REO-Sales-Driving-CMBS-Delinquency-Rates-Lower/150170&src=rss

CoStar's People of Note (July 7 - 13)

This week's People of Note includes the following markets: Orange County, CA, Indianapolis, New York City, Raleigh / Durham, Chicago, Washington DC, Houston, and New Jersey. ORANGE COUNTY Wainwright Joins KBS By Justin Sumner Shep Wainwright has joined KBS Capital Advisors as a senior vice president. In his new role, Wainright will identify acquisitions on behalf of KBS Strategic Opportunity REIT in the Northeast while assi



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/CoStars-People-of-Note-July-7-13/150173?ref=/News/Article/CoStars-People-of-Note-July-7-13/150173&src=rss

Smoke Tree Commons, Smoke Tree Village Change Ownership

A private investment company, TKG Management, Inc., purchased two Palm Springs shopping centers from Donahue Schriber Realty Group L.P. Smoke Tree Commons and Smoke Tree Village are grocery-anchored shopping centers located adjacent to each other on Palm Canyon Drive. Smoke Tree Commons, a 175,000-square-foot community center, sold for $32.45 million, or approximately $185 per square foot. It is anchored by Michaels, TJ Maxx, Cost Plus World Market...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/Smoke-Tree-Commons-Smoke-Tree-Village-Change-Ownership/150061?ref=/News/Article/Smoke-Tree-Commons-Smoke-Tree-Village-Change-Ownership/150061&src=rss

CoStar's People of Note (June 30 - July 6)

This week's People of Note includes the following markets: New York City, St. Louis, Cincinnati, Hampton Roads, Seattle, Dallas, and Orlando. NEW YORK CITY The Rockefeller Group Promotes Nakajima to Top Position By Megan Gruber The Rockefeller Group, a global property owner, developer, and investment manager, named Atsushi Nakajima as acting president and chief executive officer in the firm



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/CoStars-People-of-Note-June-30-July-6/149999?ref=/News/Article/CoStars-People-of-Note-June-30-July-6/149999&src=rss

San Jacinto Retail Trades for $2.3M

A living trust purchased the retail property at 770 Ramona Expy. in San Jacinto, CA for $2.25 million, or about $790 per square foot. The sale represents the buyer's upleg in a 1031 exchange. Built in 1993, the freestanding retail building totals 2,850 square feet on half an acre in Riverside County. The asset is currently occupied by Jack in the Box on an absolute, triple-net lease with approximately 16.5 years remaining on the master term. Peter...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487?ref=/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487&src=rss

Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale. Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://65.210.23.201/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

Sares-Regis Plans Logistics Center in Moreno Valley

Irvine, CA-based Sares-Regis Group (SRG) announced plans to develop up to 1.6 million square feet of distribution space on 72 acres in Moreno Valley, CA, in the Inland Empire market. The property is on Grove View Road off Perris Boulevard near the Harley Knox Boulevard exit from Interstate 215. The property is near March Air Reserve Base and other regional distribution centers for brands and retailers that include Whirlpool, Hanesbrands Inc., Home...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Sares-Regis-Plans-Logistics-Center-in-Moreno-Valley/150260?ref=/News/Article/Sares-Regis-Plans-Logistics-Center-in-Moreno-Valley/150260&src=rss

Johnson Capital Refis 215-Property Deal

PALMDALE, CA-GlobeSt.com learns EXCLUSIVELY that the firm has arranged a $23.5-million loan for pool of single-family homes that borrower BRI Holdings had assembled over five years.

via Los Angeles http://www.globest.com/news/12_648/losangeles/finance/Johnson-Capital-Refis-215-Property-Deal-335556.html

L.A. Times Sale May Hinge on Real Estate

LOS ANGELES-The L.A. Times is set to spin-off into a new company, with speculation rising that the move anticipates a sale. But analysts say such a deal may hinge more on the real estate of the paper than its intellectual property.

via Los Angeles http://www.globest.com/news/12_648/losangeles/office/LA-Times-Sale-May-Hinge-on-Real-Estate-335546.html

Ontario Industrial Sells for $2.9M

Family Investment LLC purchased the industrial property at 1495 Hudson Ave. in Ontario, CA from a private party for $2.89 million, or about $90 per square foot. The buyer will occupy the building, doing business as Myriad Trading Company. Built in 2004, the property totals 32,322 square feet on 1.5 acres located at the southeast corner of Hudson Ave. and Jurupa St., adjacent to the Ontario Auto Center, in San Bernardino County. Ryan Athens of...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Ontario-Industrial-Sells-for-$29M/149956?ref=/News/Article/Ontario-Industrial-Sells-for-$29M/149956&src=rss

Ontario Industrial Sells for $2.9M

Family Investment LLC purchased the industrial property at 1495 Hudson Ave. in Ontario, CA from a private party for $2.89 million, or about $90 per square foot. The buyer will occupy the building, doing business as Myriad Trading Company. Built in 2004, the property totals 32,322 square feet on 1.5 acres located at the southeast corner of Hudson Ave. and Jurupa St., adjacent to the Ontario Auto Center, in San Bernardino County. Ryan Athens of...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Ontario-Industrial-Sells-for-$29M/149956?ref=/News/Article/Ontario-Industrial-Sells-for-$29M/149956&src=rss

New Port Bridge Gets High

LONG BEACH, CA-Construction has begun on a billion-dollar bridge that will enhance commuter and trucking access to the Port of Long Beach. Its taller clearance will also allow bigger ships access.

via Los Angeles http://www.globest.com/news/12_647/losangeles/engineering/New-Port-Bridge-Gets-High-335521.html

Hart Launches New Multifamily Venture

LOS ANGELES-Bob Hart, formerly president of Kennedy Wilson Multifamily Management Grop, launches an investment firm focused on class-B multifamily housing on the West Coast. The new company is called TruAmerica Multifamily.

via Los Angeles http://www.globest.com/news/12_647/losangeles/employment/Hart-Launches-New-Multifamily-Venture-335517.html

First Industrial Realty Trust Completes Fully Leased First Chino Logistics Ctr

First Industrial Realty Trust, Inc. has completed construction on its new First Chino Logistics Center located at 6185 Kimball Ave. in Chino, CA. The 300,000-square-foot building features 46 loading docks, two drive-in bays, 32-foot clear heights, 800-amp heavy power, and parking for industrial trailers. The property was 100-percent pre-leased to Lollicup, a specialty beverage retailer and supplier, for its US headquarters, offices, productions...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/First-Industrial-Realty-Trust-Completes-Fully-Leased-First-Chino-Logistics-Ctr/150213?ref=/News/Article/First-Industrial-Realty-Trust-Completes-Fully-Leased-First-Chino-Logistics-Ctr/150213&src=rss

Increasing REO Sales Driving CMBS Delinquency Rates Lower

As special servicers continued to ramp up sales of their real estate owned (REO) properties, U.S. CMBS delinquencies fell to their lowest level in more than three years, according to the latest index results from Fitch Ratings. CMBS late-pays declined 19 basis points (bps) in June to 7.18% from 7.37% a month earlier, the lowest level since March 2010. Fitch said the decline was largely fueled by the sale of $622 million (in stated loan balance)...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Increasing-REO-Sales-Driving-CMBS-Delinquency-Rates-Lower/150170?ref=/News/Article/Increasing-REO-Sales-Driving-CMBS-Delinquency-Rates-Lower/150170&src=rss

First Industrial Realty Trust Completes Fully Leased First Chino Logistics Ctr

First Industrial Realty Trust, Inc. has completed construction on its new First Chino Logistics Center located at 6185 Kimball Ave. in Chino, CA. The 300,000-square-foot building features 46 loading docks, two drive-in bays, 32-foot clear heights, 800-amp heavy power, and parking for industrial trailers. The property was 100-percent pre-leased to Lollicup, a specialty beverage retailer and supplier, for its US headquarters, offices, productions...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/First-Industrial-Realty-Trust-Completes-Fully-Leased-First-Chino-Logistics-Ctr/150213?ref=/News/Article/First-Industrial-Realty-Trust-Completes-Fully-Leased-First-Chino-Logistics-Ctr/150213&src=rss

Canyon Catalyst Sets Two New Ventures

LOS ANGELES-A new fund aimed at discovering the next generation of investment managers has announced its third and fourth partnerships. The latest deals will generate between $120 million to $200 million of investments in office and multifamily properties in the state.

via Los Angeles http://www.globest.com/news/12_647/losangeles/young_professionals/Canyon-Catalyst-Sets-Two-New-Ventures-335491.html

Increasing REO Sales Driving CMBS Delinquency Rates Lower

As special servicers continued to ramp up sales of their real estate owned (REO) properties, U.S. CMBS delinquencies fell to their lowest level in more than three years, according to the latest index results from Fitch Ratings. CMBS late-pays declined 19 basis points (bps) in June to 7.18% from 7.37% a month earlier, the lowest level since March 2010. Fitch said the decline was largely fueled by the sale of $622 million (in stated loan balance)...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Increasing-REO-Sales-Driving-CMBS-Delinquency-Rates-Lower/150170?ref=/News/Article/Increasing-REO-Sales-Driving-CMBS-Delinquency-Rates-Lower/150170&src=rss

CoStar's People of Note (July 7 - 13)

This week's People of Note includes the following markets: Orange County, CA, Indianapolis, New York City, Raleigh / Durham, Chicago, Washington DC, Houston, and New Jersey. ORANGE COUNTY Wainwright Joins KBS By Justin Sumner Shep Wainwright has joined KBS Capital Advisors as a senior vice president. In his new role, Wainright will identify acquisitions on behalf of KBS Strategic Opportunity REIT in the Northeast while assi



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-July-7-13/150173?ref=/News/Article/CoStars-People-of-Note-July-7-13/150173&src=rss

Brentwood Originals Plumps Pillows Space

LOS ANGELES-Brentwood Originals, a manufacturer of decorative pillows, has signed a six-year lease that expands its Southern California presence.

via Los Angeles http://www.globest.com/news/12_646/losangeles/leasing/Brentwood-Originals-Plumps-Pillows-Space-335474.html

Mixed-Use Complex Debuts in Downtown

LOS ANGELES-A $53 million mixed-use project is now renting at 111 Wilshire Blvd. The 210-unit apartments target urban professionals.

via Los Angeles http://www.globest.com/news/12_646/losangeles/development/Mixed-Use-Complex-Debuts-in-Downtown-335470.html

CoStar's People of Note (July 7 - 13)

This week's People of Note includes the following markets: Orange County, CA; Indianapolis, New York City, Raleigh / Durham, Chicago, Washington DC, Houston, and New Jersey. ORANGE COUNTY Sharga Joins Auction.com By Rachel Ladysh Rick Sharga has been hired as the new executive vice president at Auction.com. Formerly executive vice president of the privately-held Carrington Mortgage Holdings Company, Sharga will becom



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-July-7-13/150173?ref=/News/Article/CoStars-People-of-Note-July-7-13/150173&src=rss

Brookfield's Taste FIGat7th Adds Three More Chef-inspired Tenants

LOS ANGELES-Each quick serve concept takes a unique approach from the established pedigree of its culinary original.

via Los Angeles http://www.globest.com/news/12_646/losangeles/retail/Brookfields-Taste-FIGat7th-Adds-Three-More-Chef-inspired-Tenants-335466.html

HUD Boosts Low-Income Housing

SHERMAN OAKS, CA-A new HUD program that expedites processing for the acquisition or refinancing of affordable apartments has been expanded. Two L.A. County properties have benefitted.

via Los Angeles http://www.globest.com/news/12_646/losangeles/leasing/HUD-Boosts-Low-Income-Housing-335441.html

Gateway Crossings Changes Hands

GARDENA, CA-Gateway Crossings, a community center redeveloped from industrial property, has been sold to an undisclosed family trust. The deal was financed, but loan terms were not disclosed.

via Los Angeles http://www.globest.com/news/12_645/losangeles/acquisitions_dispositions/Gateway-Crossings-Changes-Hands-335421.html

Hollywood Multifamily Gets Spotlight

LOS ANGELES-A 75-unit apartment complex has been purchased by an investor for $14 million. It is located near major attractions in the heart of Hollywood.

via Los Angeles http://www.globest.com/news/12_645/losangeles/acquisitions_dispositions/Hollywood-Multifamily-Gets-Spotlight-335422.html

CBRE Group Taps Two Key Sr. Execs

LOS ANGELES-CBRE Group Inc. has named two senior executives to new posts. Nick Axford will become global head of research and James Scott joins as senior managing director.

via Los Angeles http://www.globest.com/news/12_645/losangeles/employment/CBRE-Group-Taps-Two-Key-Sr-Execs-335397.html

Financial Guru Talks Opportunity

MIAMI—GlobeSt.com caught up with Randy Banchik, EVP of Los Angeles-based Westwood Financial Corp., to get his take on the challenges and opportunities in this exclusive interview.

via Los Angeles http://www.globest.com/news/12_645/miami/finance/Financial-Guru-Talks-Opportunity-335390.html

Shorenstein Enters Austin with Domain Development

AUSTIN-The California company teams with Deutsche Asset & Wealth Management and Endeavor Real Estate to develop Domain 2 and Domain 7, office buildings totaling 140,000 square feet and 222,000 square feet respectively.

via Los Angeles http://www.globest.com/news/12_645/austin/development/Shorenstein-Enters-Austin-with-Domain-Development-335380.html

Smoke Tree Commons, Smoke Tree Village Change Ownership

A private investment company, TKG Management, Inc., purchased two Palm Springs shopping centers from Donahue Schriber Realty Group L.P. Smoke Tree Commons and Smoke Tree Village are grocery-anchored shopping centers located adjacent to each other on Palm Canyon Drive. Smoke Tree Commons, a 175,000-square-foot community center, sold for $32.45 million, or approximately $185 per square foot. It is anchored by Michaels, TJ Maxx, Cost Plus World Market...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Smoke-Tree-Commons-Smoke-Tree-Village-Change-Ownership/150061?ref=/News/Article/Smoke-Tree-Commons-Smoke-Tree-Village-Change-Ownership/150061&src=rss

Smoke Tree Commons, Smoke Tree Village Change Ownership

A private investment company, TKG Management, Inc., purchased two Palm Springs shopping centers from Donahue Schriber Realty Group L.P. Smoke Tree Commons and Smoke Tree Village are grocery-anchored shopping centers located adjacent to each other on Palm Canyon Drive. Smoke Tree Commons, a 175,000-square-foot community center, sold for $32.45 million, or approximately $185 per square foot. It is anchored by Michaels, TJ Maxx, Cost Plus World Market...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Smoke-Tree-Commons-Smoke-Tree-Village-Change-Ownership/150061?ref=/News/Article/Smoke-Tree-Commons-Smoke-Tree-Village-Change-Ownership/150061&src=rss

Pivotal Post Changes Scene

BURBANK, CA-Top editing house Pivotal Post, which has worked on many huge Hollywood films, has relocated its entire operation to Burbank and signed a 10-year lease.

via Los Angeles http://www.globest.com/news/12_644/losangeles/leasing/Pivotal-Post-Changes-Scene-335375.html

Matkins/UCLA Survey: CRE Strong Thru 2016

LOS ANGELES-The Allen Matkins/UCLA Anderson Forecast on California CRE shows developer optimism and growth continuing to 2016.

via Los Angeles http://www.globest.com/news/12_644/losangeles/economy/MatkinsUCLA-Survey-CRE-Strong-Thru-2016-335373.html

Madison Partners Arranges Sale of Santa Monica Store

SANTA MONICA, CA-Buyer paid $5.35 million for single-tenant retail building.

via Los Angeles http://www.globest.com/news/12_644/losangeles/retail/Madison-Partners-Arranges-Sale-of-Santa-Monica-Store-335357.html

IPA's Murdy: More Consolidations Coming

LOS ANGELES-Institutional Property Advisors national director Brian Murdy predicts more real estate entities will consolidate in the coming months.

via Los Angeles http://www.globest.com/news/12_644/losangeles/corporate_real_estate/IPAs-Murdy-More-Consolidations-Coming-335338.html

Huge L.A. Industrial Lease Closed

LONG BEACH-Mercedes-Benz USA has leased a million square feet at the former Boeing 717 aircraft facility in Long Beach.

via Los Angeles http://www.globest.com/news/12_643/losangeles/leasing/Huge-LA-Industrial-Lease-Closed-335319.html

Largest County Industrial Lease in 25 Years Closed

LONG BEACH-Mercedes-Benz USA has leased a million square feet at the former Boeing 717 aircraft facility in Long Beach.

via Los Angeles http://www.globest.com/news/12_643/losangeles/leasing/Largest-County-Industrial-Lease-in-25-Years-Closed-335319.html

Zwebell Multifamily Has New Champion

LOS ANGELES-An apartment complex designed by Arthur and Nina Zwebell has been acquired by Champion Real Estate Co. The 1928 multifamily is an architectual gem that qualifies for preservation tax incentives.

via Los Angeles http://www.globest.com/news/12_641/losangeles/acquisitions_dispositions/Zwebell-Multifamily-Has-New-Champion-335275.html

Funky Bar May Yield to Lux Hotel

HERMOSA BEACH, CA-Plans are underway to build a 104-room luxury beachfront hotel on the site of some funky but chic bars and restaurants here.

via Los Angeles http://www.globest.com/news/12_641/losangeles/acquisitions_dispositions/Funky-Bar-May-Yield-to-Lux-Hotel-335273.html

Canyon Catalyst Teams with Paragon

LOS ANGELES-Canyon Catalyst Fund has tabbed Paragon Commercial Group for a new program targeting emerging fund managers. Paragon anticipates $60 million-$100 million of retail acquisitions

via Los Angeles http://www.globest.com/news/12_641/losangeles/young_professionals/Canyon-Catalyst-Teams-with-Paragon-335246.html

CoStar's People of Note (June 30 - July 6)

This week's People of Note includes the following markets: New York City, St. Louis, Cincinnati, Hampton Roads, Seattle, Dallas, and Orlando. NEW YORK CITY The Rockefeller Group Promotes Nakajima to Top Position By Megan Gruber The Rockefeller Group, a global property owner, developer, and investment manager, named Atsushi Nakajima as acting president and chief executive officer in the firm



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/CoStars-People-of-Note-June-30-July-6/149999?ref=/News/Article/CoStars-People-of-Note-June-30-July-6/149999&src=rss

San Jacinto Retail Trades for $2.3M

A living trust purchased the retail property at 770 Ramona Expy. in San Jacinto, CA for $2.25 million, or about $790 per square foot. The sale represents the buyer's upleg in a 1031 exchange. Built in 1993, the freestanding retail building totals 2,850 square feet on half an acre in Riverside County. The asset is currently occupied by Jack in the Box on an absolute, triple-net lease with approximately 16.5 years remaining on the master term. Peter...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487?ref=/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487&src=rss

CoStar's People of Note (June 23 - 29)

This week's People of Note includes the following markets: Chicago, Northern New Jersey, Atlanta, Indianapolis, Washington DC, Austin, South Florida, Orange County CA, and Houston. GLOBAL JLL Promotes 35 International Directors By Justin Sumner Jones Lang LaSalle (NYSE: JLL) has promoted 35 colleagues across the globe to the firm's top leadership group, naming them international directors for 2013. "Our new inte



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/CoStars-People-of-Note-June-23-29/149870?ref=/News/Article/CoStars-People-of-Note-June-23-29/149870&src=rss

Hemet Retail Sells for $5.9M

Time Equities, Inc. purchased the retail center at 1111-1189 S. State St. in Hemet, CA, for $5.85 million, or about $101 per square foot, from Wohl Investment Company. The property was around 93 percent occupied at the time of sale. Built in the 1970s, the asset totals 58,034 square feet on 5.1 acres, part of the Sprouts-anchored Diamond Valley Shopping Center at the southwest corner of S. State St. and W. Stetson Ave. Eric Wohl of Hanley Investment...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Hemet-Retail-Sells-for-$59M/149293?ref=/News/Article/Hemet-Retail-Sells-for-$59M/149293&src=rss

CoStar's People of Note (June 30 - July 6)

This week's People of Note includes the following markets: New York City, St. Louis, Cincinnati, Hampton Roads, Seattle, Dallas, and Orlando. NEW YORK CITY The Rockefeller Group Promotes Nakajima to Top Position By Megan Gruber The Rockefeller Group, a global property owner, developer, and investment manager, named Atsushi Nakajima as acting president and chief executive officer in the firm



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/CoStars-People-of-Note-June-30-July-6/149999?ref=/News/Article/CoStars-People-of-Note-June-30-July-6/149999&src=rss

Fontana Industrial Sells for $3.2M

Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale. Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss

CoStar's People of Note (June 30 - July 6)

This week's People of Note includes the following markets: New York City, St. Louis, Cincinnati, Hampton Roads, Seattle, Dallas, and Orlando. NEW YORK CITY The Rockefeller Group Promotes Nakajima to Top Position By Megan Gruber The Rockefeller Group, a global property owner, developer, and investment manager, named Atsushi Nakajima as acting president and chief executive officer in the firm



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/CoStars-People-of-Note-June-30-July-6/149999?ref=/News/Article/CoStars-People-of-Note-June-30-July-6/149999&src=rss

San Jacinto Retail Trades for $2.3M

A living trust purchased the retail property at 770 Ramona Expy. in San Jacinto, CA for $2.25 million, or about $790 per square foot. The sale represents the buyer's upleg in a 1031 exchange. Built in 1993, the freestanding retail building totals 2,850 square feet on half an acre in Riverside County. The asset is currently occupied by Jack in the Box on an absolute, triple-net lease with approximately 16.5 years remaining on the master term. Peter...



via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487?ref=/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487&src=rss

CIM Group Acquires 8436 3rd St.

LOS ANGELES-The CIM Group has acquired 8436 3rd St., long-time home to the Directors Guild pension and health fund. They plan to renovate and possibly occupy the building.

via Los Angeles http://www.globest.com/news/12_639/losangeles/acquisitions_dispositions/CIM-Group-Acquires-8436-3rd-St-335171.html

Madison Partners Arranges Sale of Two Off-Market Multifamily Buildings

LOS ANGELES-San Fernando valley assets total 60-units and sold for more than $12 million.

via Los Angeles http://www.globest.com/news/12_640/losangeles/multifamily/Madison-Partners-Arranges-Sale-of-Off-Market-Multifamily-Buildings-335233.html

Golden Triangle Offices Squared Away

BEVERLY HILLS, CA-The CIM Group has sold a two-building office complex located at 150-151 El Camino Dr. in Beverly Hills’ prestigious Golden Triangle district.

via Los Angeles http://www.globest.com/news/12_640/losangeles/office/Golden-Triangle-Property-Squared-Away-335220.html

Bob Hart Exits Kennedy Wilson Multifamily

LOS ANGELES-Bob Hart, president of KW Multifamily Management Group, has left the company for an undisclosed new opportunity. Kurt Zech will replace him.

via Los Angeles http://www.globest.com/news/12_640/losangeles/employment/Bob-Hart-Exits-Kennedy-Wilson-Multifamily-335223.html

San Jacinto Retail Trades for $2.3M

A living trust purchased the retail property at 770 Ramona Expy. in San Jacinto, CA for $2.25 million, or about $790 per square foot. The sale represents the buyer's upleg in a 1031 exchange. Built in 1993, the freestanding retail building totals 2,850 square feet on half an acre in Riverside County. The asset is currently occupied by Jack in the Box on an absolute, triple-net lease with approximately 16.5 years remaining on the master term. Peter...



via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487?ref=/News/Article/San-Jacinto-Retail-Trades-for-$23M/149487&src=rss

Walmart Neighborhood Market Goes Hawaiian

HAWAIIAN GARDENS, CA-The Hawaiian Gardens Town Center will have a Walmart Neighborhood Market as its new anchor. It's the fifth grocery store added by the retail giant in L.A. County.

via Los Angeles http://www.globest.com/news/12_639/losangeles/acquisitions_dispositions/Walmart-Neighborhood-Store-Goes-Hawaiian-335176.html

CIM Group Acquires 8436 Sunset

LOS ANGELES-The CIM Group has acquired 8436 Sunset Blvd., long-time home to the Directors Guild pension and health fund. They plan to renovate and possibly occupy the building.

via Los Angeles http://www.globest.com/news/12_639/losangeles/acquisitions_dispositions/CIM-Group-Acquires-8436-Sunset-335171.html

C.W. Driver Receives Military Employer Support Award

PASADENA, CA- Construction firm receives nation’s highest honor for supporting National Guard and Reserve employees.

via Los Angeles http://www.globest.com/news/12_639/losangeles/other/CW-Driver-Receives-Military-Employer-Support-Award-335165.html

C.W. Driver Receives Military Employer SupportAward

PASADENA, CA- Construction firm receives nation’s highest honor for supporting National Guard and Reserve employees.

via Los Angeles http://www.globest.com/news/12_639/losangeles/other/CW-Driver-Receives-Military-Employer-SupportAward-335165.html

Ares, HCN Close on Mega-Deals

LOS ANGELES and TOLEDO, OH-Ares Real Estate Group now counts AREA CEO Lee Neibart as global co-head, while Health Care REIT’s Sunrise deal brings 10,000 senior living units into its fold.

via Los Angeles http://www.globest.com/news/12_639/national/medical_office/Ares-HCN-Close-on-Mega-Deals-335154.html

Waterfront Multifamily Sails for $225M

LOS ANGELES-Esprit, a luxury multifamily complex with 437 units and 227 boat slips in toney Marina del Rey, has its leasehold change hands for $225 million. It is one of the largest recent multifamily mixed-use transactions in L.A.

via Los Angeles http://www.globest.com/news/12_639/losangeles/multifamily/Waterfront-Multifamily-Sails-for-225M-335142.html

Taking Stock of an Industry in Recovery

NEW YORK CITY-In the days since we first posed the question, industry leaders have shared their views on commercial real estate as a leading economic indicator.

via Los Angeles http://www.globest.com/news/12_639/national/economy/Taking-Stock-of-an-Industry-in-Recovery-335127.html

Westfield Group Bids for $59M Tax Break

LOS ANGELES-The Westfield Group has won City Council approval for a tax break it claims will speed development on a San Fernando Valley mall complex. The application will now be reviewed by the Council's Budget and Finance committee.

via Los Angeles http://www.globest.com/news/12_637/losangeles/retail/Westfield-Group-Bids-for-59M-Tax-Break-335117.html

Century Plaza Hotel Gets Monument Nod

LOS ANGELES-The Century Plaza Hotel, site of this year's RealShare Los Angeles, has been nominated for designation as a Historical Cultural Monument.

via Los Angeles http://www.globest.com/news/12_637/losangeles/hotel/Century-Plaza-Hotel-Gets-Monument-Nod-335115.html

Apartment Complex in San Fernando Valley Changes Hands

RESEDA, CA-Built in 1978, the 138-unit multifamily was sold for $14.5 million. Students contribute to occupancy turnover.

via Los Angeles http://www.globest.com/news/12_637/losangeles/multifamily/Apartment-Complex-in-San-Fernando-Valley-Changes-Hands-335106.html

SoCal Sectors To Improve in Second Half

NEWPORT BEACH, CA-While the first half of the year has seen relatively flat to decreasing leasing activity in the region, strong projected job growth is expected to have a positive impact in the second half, reports CBRE.

via Los Angeles http://www.globest.com/news/12_637/orangecounty/economy/SoCal-Sectors-To-Improve-in-Second-Half-335083.html

New JV Boosts Young CRE Pros

LOS ANGELES-A new joint venture will seek to find and nurture the next generation of commercial real estate professionals.

via Los Angeles http://www.globest.com/news/12_637/losangeles/young_professionals/New-JV-Boosts-Young-CRE-Pros-335076.html