Despite an uptick in office leasing across greater Los Angeles, office availability has hit an all-time high, with landlords facing a sharp decline in office property values. Office availability rose 0.9 percent... Read more »
Matthews Real Estate Investment Services represented the seller in the $10,695,000 disposition of 14011 S. Normandie Ave., a vacant industrial property located in Gardena. The sale set a record for size and... Read more »
First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. ... Read more »
The Port of Los Angeles handled 855,652 Twenty-Foot Equivalent Units (TEUs) in January, the second-best start to the year on record after the pandemic-induced cargo surge in 2022. Port officials said January... Read more »
More Americans are reaching the milestone age of 65, and these people are redefining what 65 looks like in comparison to prior generations — with a raft of implications for American society.... Read more »
Earnings season was not perfect for our industrial-focused portfolio companies, but we’re feeling pretty good about their prospects for the rest of the year. Shares of two of the five names finished... Read more »
Ontario International Airport (ONT) saw nearly 470,000 passengers in January, including a record-setting 45,012 international travelers, airport officials announced. The all-time high for international travelers in a single month surpassed the previous... Read more »
Architect Louis Naidorf had a disastrous 80th birthday cake. In 2008, Naidorf, who designed the Capitol Records building in Hollywood, was presented with a celebration cake that had been custom-baked in the... Read more »
The late January auction of iconic Hamptons estate ‘La Dune’ marked the first time a property was included in an art auction at Sotheby’s. The $88.48 million winning bid on ‘La Dune’... Read more »
After months of plaintiffs’ lawyers in commission lawsuits claiming that the National Association of Realtors sets real estate agent commissions, the trade group finally decided to, in its words, “set the record... Read more »