Monthly Apartment Rents Fall in August for First Time in Nearly Two Years
Orlando, Florida, Holds Top Spot for Annual Rent Growth Month-to-month apartment rents fell in August for the first time in nearly two years, sending another signal that the U.S. multifamily market is headed toward normalcy. Asking rents fell 0.1% in August from July...
Netflix Puts LA-Area Office Space Up for Sublease After Posting Gloomy Subscription Numbers
Netflix, once one of the most active office tenants in Hollywood, now is attempting to shrink its greater Los Angeles real estate footprint after layoffs and a decline in subscribers. The Los Gatos, California-based company has put up roughly 180,000 square feet of...
China-Based E-Commerce Company Inks LA’s Biggest Industrial Deal of the Year
A China-based e-commerce giant has signed on for the largest industrial lease on record in the tight Los Angeles region so far this year. JD.com agreed to lease the roughly 217,000-square-foot 333 S. Hacienda Blvd. building in the City of Industry, according to...
Billionaire Stan Kroenke Eyes Long-Vacant LA Office Building After Acquiring Adjacent Mall
Rams Owner Spent $150 Million on Westfield Promenade Mall in Woodland Hills Earlier This Year Los Angeles Rams owner Stan Kroenke is considering whether to expand his Southern California real estate empire again in a move that could further catalyze a once-struggling...
LA’s Large Industrial Spaces Disappear From Market Amid Frenzied Demand
A trucking company leased one of the few remaining large industrial spaces in greater Los Angeles as surging e-commerce and proximity to the nation's biggest ports drive demand for Southern California logistics space. Pacific Expressway leased 111,000 square feet...
Los Angeles Rams Owner Eyes Fallow Westfield Mall for Training Site
A mostly abandoned mall in suburban Los Angeles may become the practice facility of Super Bowl champion L.A. Rams in another major redevelopment deal involving billionaire team owner and real estate tycoon Stan Kroenke. The Rams' owner is among several parties in...