Industry News
$240MM Defaulted Loan on 22-Acre Manhattan Beach Studios Hits Market as Foreclosure Looms in South Bay
The $240 million loan secured by Manhattan Beach Studios is up for sale just weeks after the lender filed to foreclose on the...
Cityview and Stockbridge Open 265-Unit Apollo in Gardena, Betting on the South Bay’s Aerospace Boom
Cityview and Stockbridge have delivered Apollo, a 265-unit apartment community in Gardena positioned within five miles of more than 260,000 jobs and minutes...
Jewell Capital Buys 68,000 SQFT Temecula Industrial Park for $13.5MM as Inland Vacancy Tightens
Jewell Capital has acquired a fully stabilized, three-building industrial park in Temecula for $13.5 million, closing a deal that highlights persistent investor appetite...
Data Center Vacancy Hits Near Zero as AI Demand Outruns Power and Permitting
With vacancy at essentially zero and tenants signing leases three years before space delivers, Digital Realty Chief Executive Officer Andy Power and CBRE’s...
C&C Development Opens 60-Unit Cartwright Family Apartments in Irvine, Fully Leased at Debut
C&C Development and the City of Irvine have opened Cartwright Family Apartments, a 60-unit income-restricted community in the Irvine Business Complex that filled...
IRA Companies Lists Anduril-Leased 154,418 SQFT Office Building in Irvine, Last Bought for $103MM
IRA Companies, LLC has put 2722 Michelson Drive up for sale, a fully leased Irvine office and R&D building occupied by defense technology...
Irvine Company Buys Shuttered 1.26-Acre Newport Beach Car Wash for $32.5MM to Feed 600-Unit Newport Center Housing Push
The Irvine Company has acquired the shuttered, 51-year-old Newport Beach Car Wash near Fashion Island for $32.5 million, folding a 1.26-acre parcel into...
Renovated 10,000 SQFT Waterfront Office at 2262 Carmel Valley Road Sells for $8.5MM in Del Mar
A recently renovated two-story waterfront office building overlooking the Los Penasquitos Lagoon in Del Mar has traded to an owner-user wealth management firm...
CMBS Distress Rate Jumps to 11.86% in May as Office Pain Deepens and April Dip Evaporates
A one-month improvement in April proved fleeting as CRED iQ’s combined CMBS distress rate snapped back to 11.86 percent in May 2026, with...
31,000 SQFT Sunset Pointe Shopping Center in Stevenson Ranch Lists for $10.9MM at 6.35% Cap Rate
A national-credit-anchored neighborhood retail center in the supply-constrained Santa Clarita Valley submarket of Stevenson Ranch has hit the market at a 6.35 percent...
Southern California Labor Markets Hold Their Ground in April as Orange County Tightens to 3.7% and Imperial Lags at 16.5%
Southern California’s largest job centers stayed remarkably steady in April 2026, with Orange County tightening to a 3.7 percent jobless rate and Los...
The Art of the Quiet Exit, A Hudson Pacific Story
Hudson Pacific’s COO resigned with the usual boilerplate denial attached—but after a $572 million annual loss, a scrapped dividend and a stock down...
