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. The big private office is extinct so if I were the owner of this property, I would leverage what I do have to provide for current demand. The most likely user for this property is a family owned …
The first week of games was not the only story making headlines as the National Football League commences its 2022-2023 season. Hudson Pacific Properties served as the NFL’s landlord at their—now former—media office headquarters in Culver City. They officially filed a notice with the Securities and Exchange Commission to vacate the 170,000 square foot space …
San Francisco’s downtown core once accounted for most of the city’s GDP with a 70% sales tax revenue, and 40% of all jobs. And once the pandemic permeated everyday life, mass-vacancies swept across the office sector exposing a vulnerability that could impact the local commercial real estate market. During the aftermath of the “Great Recession” …
The vacancy rate for office properties in the southern portion of Tustin is 2.6%, while the overall rate for Orange County is 13.3%. Inventory is very low as under 1.5 million square-feet is available in Tustin specifically. It has been very difficult to gain a foothold in the Tustin office market, driving competitive offers up. …
Although the entirety of the nation will be enraptured over the Super Bowl this Sunday, the city of Los Angeles is more anxious about the future of its Hollywood Park development than some football game. The NFL knows it has a tremendous economic impact, at least momentarily, on cities that host the Super Bowl. The …
