California Lawmakers Take Step To Extend Media Production Tax Credits
California’s film and TV tax credit program is a step closer to being extended five years beyond its scheduled expiration after a key legislative committee passed a measure deemed crucial to keeping Los Angeles and other regions competitive for production business...
CoStar Predicts: Nontraditional Retail Tenants Drive Up Rents
Retail landlords with tenants such as restaurants, gyms and grocery stores will be more likely to secure even bigger premiums when it comes to rent increases next year, according to a CoStar analysis. Nontraditional retail tenants, be it those that offer experiences...
Warehouses Are Running Out of Space. Developers Can’t Build Fast Enough.
US Projected To Need More Than 1 Billion Square Feet of Industrial Buildings To Keep Up With Demand Logistics real estate developers have stepped on the gas this year, ramping up construction to record levels as the accelerated growth of e-commerce during the pandemic...
Canadian Developer’s Shopping Spree Around LA Grows With Another Retail Property Purchase
Onni Group Expands Holdings With Acquisition in Long Beach, California After investing in a massive shopping center in Burbank, California, a Canadian developer has scooped up more retail space in Long Beach, Los Angeles County's second-largest city. Onni Group, based...
Active LA Industrial Investor Adds to Its Southern California Portfolio
Rexford Industrial Realty’s LA and Inland Empire Acquisitions Include Redevelopment Plans A Los Angeles real estate investment trust has tacked on more industrial properties to its growing portfolio as the sector remains in demand amid a lack of inventory. Rexford...
3D-Printed Human Organs? Startup Expands Houston Manufacturing Hub To Do Just That.
A startup specializing in 3D-printed human organs is setting up a 20,000-square-foot manufacturing hub in Houston and preparing to be acquired in a deal that could be valued at $400 million. Volumetric, a startup founded by Houston bioengineers from Rice University,...