industrial

Jerry Hogg was in his mid 70’s and had been working in the service industry for 40 years. He was in need of very extensive back surgery and that was the catalyst for his retirement. He contacted us and said that he had a realtor come by his shop with an “offer” to purchase his …

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In our segment “If I Were the Owner,” Broker, Justin White looks at a building chosen at random and makes some recommendations that might make owning or selling this building better.  If I were the owner of 21221 Wilmington Ave, Carson, I’d look at two options: Go to a “WeWork” or Cloud Kitchens type model …

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The city of Norco may be the latest municipality in SoCal to follow suit with development bans on industrial warehouses. If approved the measure would go into effect immediately, uniting regions like Jurupa Valley, Colton, and Redlands who already have at least a 45-day moratorium on new construction; Norco being one of eight cities to …

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Larger properties over 1 million square feet were the bulk of the nation’s Top-100 industrial leases through the first half of 2022. The desirability of the asset type is apparent in pockets of SoCal that are experiencing sub 2.1%, even sub 1% vacancy rates. But also, the rest of the nation is pushing to gain …

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In February of this year, we were hired by the sellers of a leased industrial building in Santa Ana to perform a 1031-exchange and reposition the equity to do better. The property consists of a 12,070 square foot building on over a 20,000 square foot lot, about 10 minutes from John Wayne Airport (SNA). Immediately …

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The industrial market in Southern California is the tightest in the nation, in particular, Inland Empire industrial. JLL’s Q2 industrial market report for the IE registered another 13.7% increase in asking rates, while vacancies have trended down by 0.4%. A 158,000 square foot Santa Fe Springs industrial property that initially traded for $36M in January …

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