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,...
Nation’s Largest Banks See Signs Property Financing Could Increase
Even Hardest Hit Property Sectors See Improving Values Four more of the nation’s largest banks have joined JPMorgan Chase & Co. in reporting improved outlooks for commercial real estate lending. The holding companies for U.S. Bancorp, Citigroup, Bank of America and...
Quarterly Los Angeles Apartment Sales Strongest Since 2019
Investors Demonstrate Strong Demand To Acquire Multifamily Assets in Third Quarter Sales volume in Los Angeles County during the third quarter was strong, totaling $2.9 billion, the highest level in a single quarter since late 2019. Average pricing per unit, which had...
Fed Leaves Interest Rates Unchanged
Expected Tapering of Bond Purchases Could Be Decided in October, Powell Says The Federal Reserve’s Open Market Committee voted Wednesday to maintain its current accommodative stance on monetary policy, keeping short-term interest rates low. In a statement, the U.S....
California’s Historic Law Curbing Single-Family Zoning Signals More Housing Efforts To Come
California Gov. Gavin Newsom's signing of historic reform bills aimed at easing the state's worsening housing shortage by overturning decades of policy favoring single-family zoning is seen as a start by leaders and activists to further efforts to curb suburban...