LOS ANGELES - LONG BEACH INDUSTRIAL MARKET REPORT
|
|
- Melvyn Garrett
- 5 years ago
- Views:
Transcription
1 LOS ANGELES - LONG BEACH INDUSTRIAL MARKET REPORT Q4 M A R K E T R E P O R T Q LOS ANGELES - LONG BEACH INDUSTRIAL MARKET REPORT
2 AS SOUTH BAY INDUSTRIAL ATTRACTS STABLE YIELD, DEVELOPERS LOOM Q4 TRENDS AT A GLANCE Absorption 353,296 SF Average Rent $0.85 / SF Sales Transactions $83.03 Million Vacancy 1.2% Under Construction 732,718 SF Average Sales Price $ / SF Source: AIR Commercial Real Estate Association ABOUT LEE & ASSOCIATES At Lee & Associates our reach is national but our expertise is local market implementation. This translates into seamless, consistent execution and value driven marketto-market services. Our agents understand real estate and accountability. They provide an integrated approach to leasing, operational efficiencies, capital markets, property management, valuation, disposition, development, research and consulting. We are creative strategists who provide value and custom solutions, enabling our clients to make profitable decisions. LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. 2
3 The persistent demand for industrial space and the corresponding lack of supply continued through the fourth quarter of 2017, characterizing the South Bay submarket as one of the most robust and stable industrial real estate markets in the nation. As lease rates have increased by 4.94% year over year from 4Q16 to 4Q17, we expect landlords will continue to give fewer concessions and tenants will be challenged to compete for limited and expensive inventory through 1Q18. As we enter the longest economic expansion since the early 2000 s tech boom, investors and developers continue to seek opportunities to place capital. One of the most notable developments since the Brickyard (1.1 million SF compound) is the 512,490 square foot speculative building built by Bridge Development at Normandie Avenue in Torrance. Bridge Development had the property under contract with multiple back-up offers from investors prior to completion, illustrating that investment capital continues to seek opportunities that will provide long-term stable growth. The vacancy rate has seen a slight uptick from 1.1% in 4Q16 to 1.2% in 4Q17. The increase in vacancy is attributed to approximately 481,148 square feet of new deliverable buildings added during the fourth quarter of In addition, much of the vacancy tends to be in older, functionally obsolete properties. With limited new construction planned due to the lack of available industrial land and onerous permitting processes implemented by local municipalities, vacancy is expected to remain limited. The average asking lease rates for the fourth quarter of 2017 were $0.85/SF NET, as compared to $0.81/SF NET for the fourth quarter of The increase in lease rates can be attributed to third-party logistic providers and e-commerce related users moving into last mile space to decrease delivery times as the consumer buying tendencies continue to effect retail supply chain. While larger Class A warehouses have experienced the most significant rent gain, lease rates for less functional industrial product continue to increase as tenants fiercely compete to remain close to the ports of Los Angeles and Long Beach. Looking forward, we expect further pricing pressure on lease rates as third-party logistic providers and E-commerce related users battle the ballooning demand for reverse logistics. According to an Allied Market Research Report, the global third-party logistics market is expected to [grow by an annual compound growth rate of 5.16%] to reach $1.1T over the next six years (Souce: Bisnow, LLC). Some of the more notable transactions in 4Q17 include: WSS leasing 201,027 square feet at Alameda St. in Lynwood Fitzmark, Inc. leasing 145,150 square feet at 2201 E. Carson St. in Carson. Classic Brands, LLC leasing 98,000 square feet at 1431 W. Via Plata St. in Long Beach The average sales price has increased by 34.0% year over year up from $ in 4Q16 to $ in 4Q17. The sales price increase can be attributed to competition from investors seeking an attractive stable yield and owner/users seeking to take advantage of low interest rates to own in lieu of rising lease rates. An example of the need for investors to deploy capital can be seen from Rexford s Industry (NYSE: REXF) approximately $667 Million in aquisitions from 2017, with roughly 40% of their acquisitions being in our local South Bay industrial market. Business owners seeking to expand seem to feel constrained as the flow of capital from institutional investors has created opposition. Looking forward in 2018, we expect the Los Angeles South Bay industrial market to continue to be a place for strong capital investment, foreign investor demand, tenant activity, and continued increases in sale prices and lease rates. With the implementation of recent federal tax reform, many experts suggest that small business owners will have 3
4 more incentive to invest capital (i.e. equipment / automation), create more manufacturing facilities, and ultimately create more jobs. According to Gregory Daco of Oxford Economics (a forecasting and consulting firm), Oxford estimates that each $1 of corporate tax cut will lead to 40 cents of spending (Source: WSJ). Furthermore, landlords should benefit from a lower tax rate for passthrough entities such as LLCs and Partnerships. Now is a great time to consult with your CPA and/ or tax professional to make sure you re able to reap the benefits for your personal or business situation. As your local market experts in industrial real estate, contact us for more information regarding your submarket and guidance in how to best achieve your goals in Joseph Stanko, Associate NET ABSORPTION 2m VACANCY 6.0% 1.5m 5.0% 1m 4.0% 500k 0 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 3.0% 2.0% -500k 1.0% -1m 0.0% 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 AVERAGE ASKING RENT BY QUARTER ASKING PRICE PER SQ FT $0.95 $200 $0.90 $0.85 $180 $0.80 $0.75 $160 $0.70 $0.65 $140 $0.60 $0.55 $0.50 $0.45 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 Source: CoStar Property & AIR Commercial Real Estate Association $120 $
5 Source: CoStar Property & AIR Commercial Real Estate Association Q TOP LEASES PROPERTY ADDRESS CITY TYPE LEASE RATE SQUARE FEET LEASE TYPE ALAMEDA ST. LYNWOOD WAREHOUSE $0.77 NNN 201,027 SF DIRECT 220 W. MANVILLE ST. COMPTON WAREHOUSE $1.19 NNN 176,656 SF DIRECT 2201 E. CARSON ST. CARSON WAREHOUSE $0.69 NNN 145,150 SF SUBLEASE 2340 W. 17TH ST. LONG BEACH LAND $0.43 NNN 100,000 SF DIRECT 1431 W. VIA PLATA ST. LONG BEACH WAREHOUSE $0.92 NNN 98,000 SF DIRECT Q TOP SALES PROPERTY ADDRESS CITY TYPE SALES PRICE SQUARE FEET REGION S. MAIN ST. CARSON LAND $41.46 / SF 455,000 SF SOUTH S. AVALON BLVD. CARSON LAND $64.22 / SF 296,208 SF SOUTH 1855 W. 139TH ST. GARDENA WAREHOUSE $ / SF 231,000 SF SOUTH S. AVALON BLVD. CARSON WAREHOUSE $ / SF 210,710 SF SOUTH 687 N. EUCALYPTUS AVE. INGLEWOOD WAREHOUSE $ / SF 143,436 SF SOUTH ALAMEDA ST LYNWOOD LEASED 220 W. MANVILLE ST. COMPTON LEASED 2201 E. CARSON ST. CARSON LEASED S. MAIN ST. CARSON SOLD S. AVALON BLVD. CARSON SOLD 1855 W. 139TH ST GARDENA SOLD 5
6 LOS ANGELES & LONG BEACH PORT ACTIVITY The Ports of Long Beach and Los Angeles closed out 2017 with new records both individually and combined. Since the acquisition by Mediterranean Shipping Co. of the defunct Hanjin terminal, the Port of Long Beach had an 11.36% year over year increase with 7.54 Million total TEU s moved. The Port of Los Angeles broke its own Western Hemisphere container record with a gain of 5.5%, totaling 9.34 Million TEUs. Additionally, Los Angeles posted its first 900K+ TEU month ever in November with 924,224 TEU s. Exports grew roughly 1.6% in 2017 while imports grew by about 6.9% as a combined port complex. The growth in value of U.S. imports during the 4th quarter was 13.9%, the fastest growth in seven years according to the Commerce Department. These record volumes continue to demonstrate that the convenience, consumer demand and efficiency of Southern California continuously attract beneficial cargo owners even as other competitive US Ports and the Panama Canal spend substantial capital on improved infrastructure projects was an incredible turnaround story for the Port of Long Beach and the 4th quarter volumes truly demonstrated the difference a year can make. For both October and November, volumes were up approximately 15% (669,218 and 612,659 TEUs respectfully), while December experienced an incredible 27% increase (696,919 TEUs) helping push Long Beach into the record books. For us to continue to grow sustainably, our Port must be better prepared than other North American ports to bring goods on vessels that plug into clean shore power, move on zero-emission yard equipment and cranes, and are transferred quickly onto the most efficient network of trucks and trains., said Port of Long Beach Executive Director Mario Cordero. For the quarter, LA was actually down slightly by 1.5% compared to 2016 s record quarter as it absorbed volumes from Long Beach. October volumes decreased just over 8% (748,760 TEUs), November s historic total rebounded back with a 5.3% gain (924,224 TEUs), and December closed slightly down by 2.1% (779,210 TEUs). Executive Director Gene Seroka relays, Our Digital Infrastructure efforts in 2017 included a game-changing initiative to digitize critical data that will help cargo owners, rail and trucking companies track their containers and more effectively plan for land-side transport. As of January 22nd, 2018, the Port of Long Beach s Board of Harbor Commissioners approved the long-awaited Pier B On-Dock Rail Support Facility to streamline rail operations, reduce truck traffic on local roads, and improve air quality near the Ports. On a national level, port operators, truckers, and various heavy users of U.S. infrastructure are excited about President Trump s lofty $1.5 Trillion spending goal for the repair and expansion of roads, highways, and bridges. Shippers continue to struggle with a shortage in available trucks due to costly equipment upgrades, a lack of willing drivers, and most importantly increased freight demand. The Panama Canal posted a new 103-year history record with the recent navigating of its largest ship this past August carrying nearly 15,000 TEUs, ultimately berthing at the Ports of New York and New Jersey for the inauguration of the raised Bayonne Bridge. While 2017 s major retail container volume throughout the US was predicted to grow between %, the actual increase was much more dramatic with an increase of about 7%, according to the monthly Global Port Tracker. National Retail Federation Vice President Jonathan Gold stated, Retail had a strong year fueled by growing wages, higher employment and a boost in consumer confidence. Retailers imported more merchandise than ever to meet demand for quality products at affordable prices, and growth is expected to continue in the year ahead. - David Bales, Principal & Ryan Endres, Principal YTD DECEMBER 2017 Source: Combined Loaded Inbound Combined Loaded Outbound Total Containers San Pedro Port Complex 8,000,000 17,000,000 6,000,000 16,000,000 4,000,000 15,000,000 2,000,000 14,000, ,000, TEUs TEUs 6
7 LOS ANGELES & LONG BEACH INDUSTRIAL MARKET MAP LAX 1 EL SEGUNDO SOUTH GATE 710 DOWNEY 605 HAWTHORNE COMPTON 105 MANHATTAN BEACH 405 GARDENA 91 PARAMOUNT 91 REDONDO BEACH RANCHO DOMINGUEZ LAKEWOOD 605 TORRANCE BIXBY KNOLLS CARSON LONG BEACH AIRPORT 405 ROLLING HILLS ESTATES LOMITA WILMINGTON LONG BEACH RANCHO PALOS VERDES SAN PEDRO PORT OF LONG BEACH PORT OF LOS ANGELES LOOK TO LEE & ASSOCIATES FOR SOLUTIONS Contact a Lee & Associates Broker who can provide you with the most comprehensive market knowledge and expertise in the business. We specialize in: Build-to-Suit For Lease For Sale Facility Specification Bidding & Design Build Construction Expansion Planning Fair Market Value Analysis Valuation of Land Valuation of Buildings and Other Improvements Financial Analysis of Alternatives Comparing Alternative Proposals Purchase vs. Lease Analysis Existing Building Search Site Search Site Selection Criteria Development & Analysis Sale-Leaseback Institutional Investors Private Investors Disposition of Existing Buildings Locally & Nationally REO & Distressed-Asset Valuation & Sales The information and details contained herein have been obtained from third-party sources believed to be reliable; however, Lee & Associates Los Angeles - Long Beach, Inc. has not independently verified its accuracy. Lee & Associates Los Angeles - Long Beach, Inc. makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the implied warranty of suitability and fitness for a particular purpose.* Copyright 2017 Lee & Associates Los Angeles - Long Beach,Inc. All rights reserved. Contributed By: Joseph Stanko Bret Osterberg David Bales Ryan Endres *Third-Party Data Sources: CoStar Group, Inc., AIR Commercial Real Estate Association, Beacon Economics, Port of Long Beach, Port of Los Angeles, Bisnow, LLC, and The Journal of Commerce. 7
8 LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Los Angeles Office 1411 W. 190th Street, Suite 450, Gardena, CA Office: Fax: Long Beach Office 5000 E. Spring Street, Suite 600, Long Beach, CA Office: Fax:
LOS ANGELES HARBOR COMMISSION ADOPTS FISCAL BUDGET FOR THE PORT OF LOS ANGELES
June 14, 2005 FOR IMMEDIATE RELEASE Contact: Arley M. Baker (310) 732-3093 LOS ANGELES HARBOR COMMISSION ADOPTS 2005-2006 FISCAL BUDGET FOR THE PORT OF LOS ANGELES 425 S. Palos Verdes Street San Pedro,
More informationCalifornia Bond Buyer Conference September 15, 2011
California Bond Buyer Conference September 15, 2011 Sam Joumblat Chief Financial Officer www.polb.com/finance Port of Long Beach Second largest container port in US 3,200 acres of land 6 container terminals
More informationAvison Young U.S. National Industrial Capital Markets
Avison Young U.S. National Industrial Capital Markets Mid-Year 017 Spotlight - Foreign Investment in U.S. Capital Markets June 017 Erik Foster Principal, Practice Leader U.S. Industrial Capital Markets
More informationESPO Financing & Investment Conference Molly Campbell, Deputy Director, Port of Los Angeles May 10, 2012
ESPO Financing & Investment Conference Molly Campbell, Deputy Director, Port of Los Angeles May 10, 2012 Page 1 Forward Looking Statements Disclaimer Estimates and opinions are included and should not
More informationThe CoStar Industrial Report
The CoStar Industrial Report Y E A R - E N D 2 0 0 9 YEAR-END 2009 LOS ANGELES Table of Contents Table of Contents.................................................................... A Methodology........................................................................
More informationTRANSMITTAL TO. DATE COUNCIL FILE NO. Eugene D. Seroka, Executive Director Harbor Department
TRANSMITTAL TO DATE COUNCIL FILE NO. Eugene D. Seroka, Executive Director Harbor Department AUG 2 8 2015 FROM COUNCIL DISTRICT The Mayor 15 PROPOSED FOREIGN TRADE ZONE OPERATOR AGREEMENT NO. 15-3331 WITH
More informationMarketView New Jersey Industrial
MarketView New Jersey Industrial CBRE Global Research and Consulting PORT LOADED CONTAINERS 367,926 TEUs (Sept. 12) NJ UNEMPLOYMENT 9.6% (Nov. 12) Y-O-Y U.S. GDP CHANGE 2.6% (Q3 12) U.S. CONSUMER CONF.
More informationStaff Report City of Manhattan Beach
Agenda Item #: Staff Report City of Manhattan Beach TO: Honorable Mayor Ward and Members of the City Council THROUGH: Richard Thompson, Interim City Manager FROM: Jim Arndt, Public Works Director Anna
More informationDISTRICT OF COLUMBIA OFFICE MARKET
REAL ESTATE OUTLOOK DISTRICT OF COLUMBIA OFFICE MARKET Robust market conditions during Q4 Leasing activity on the rise in Q4 powered by associations and non-profits The District of Columbia experienced
More informationRECOMMENDATION APPROVED AND RESOLUTION (PERMIT 733) ADOPTED BY THE BOARD OF HARBOR COMMISSIONERS. October 24, 2016
\0 7r\i\{ RECOMMENDATION APPROVED AND RESOLUTION 16-8009 (PERMIT 733) ADOPTED BY THE BOARD OF HARBOR COMMISSIONERS October 24, 2016 LA THE PORT OF LOS ANOELES AMBER M. KLESGES Board Secretary U Executive
More informationPort of Long Beach Update and Benefits of Foreign Trade Zones
Port of Long Beach Update and Benefits of Foreign Trade Zones Hosted by United States Fashion Industry Association (USFIA) and Port of Long Beach September 26, 2018 1:00 P.M. Eastern/10:00 A.M. Pacific
More informationVOLUME FINANCE HOUSING COMMERCIAL REAL ESTATE EMPLOYMENT TRANSIT & TOURISM
VOLUME 3 2018 EMPLOYMENT FINANCE HOUSING COMMERCIAL REAL ESTATE TRANSIT & TOURISM Published March 2018 VOLUME 3 2018 HIGHLIGHTS Unemployment in New York City fell to a record low in February 2018 NYC-based
More informationYear-End 2017 / Industrial Market Report. Regional Economic Activity
Year-End 207 / Industrial Market Report -Dade County on Market Facts 84.4 MSF Total inventory in the -Dade industrial market 3,020,597 SF Direct net absorption for 207 2.87% Overall Vacancy $7.32 PSF Average
More informationSan Pedro Bay Ports Clean Air Action Plan Proposed Clean Truck Program ECONOMIC ANALYSIS
San Pedro Bay Ports Clean Air Action Plan Proposed Clean Truck Program ECONOMIC ANALYSIS Executive Summary In essence, the Clean Truck Program is designed to reduce emissions from the heavy duty trucks
More informationSUBJECT: ORDER NO SUCCESSOR PERMIT TO WWL VEHICLE SERVICES AMERICAS, INC. PREFERENTIAL BERTH ASSIGNMENT NO
.. THE PORT OF LOS ANGELES 425 S.Polos veroes Street PostOffice Box 151 San Pedro, CA 90733-0151 TEL/TDD310 SEA-PORT www.porfoflosangeles.org Eric Garcetti Mayor- City of LosAngeles Gary lee Moore, P.E.
More informationTRANSMITTAL #2 FUNDING AGREEMENT BETWEEN SOUTH BAY CITIES COUNCIL OF GOVERNMENTS AND CITY OF LOS ANGELES HARBOR DEPARTMENT (PORT OF LOS ANGELES)
TRANSMITTAL #2 CITY OF LOS ANGELES HARBOR DEPARTMENT (PORT OF LOS ANGELES) CITY OF LOS ANGELES - HARBOR DEPARTMENT (PORT OF LOS ANGELES THIS FUNDING AGREEMENT is entered into this _ day of 2015 by and
More informationBeverly Hills Unified School District
Beverly Hills Unified School District February 13, 2018 June 2018 Bond Election & Parcel Tax Considerations Section I Bond Election Considerations Bond Program Considerations General obligation bond programs
More informationACTA Meeting of the Governing Board April 12, 2018
ACTA Meeting of the Governing Board April 12, 2018 Alameda Corridor Transportation Authority Item 5 Maintenance RFP Item 6 BBII 7 th Amendment Item 7 Dispatching Amendment Item 8 Police & Security Amendment
More informationAlameda Corridor Transportation Authority, CA
CREDIT OPINION Alameda Corridor Transportation Authority, CA Update to credit analysis Summary Contacts Moses Kopmar +1.212.553.2846 Analyst moses.kopmar@moodys.com Maria Matesanz +1.212.553.7241 Senior
More information3. Return to the Board of Harbor Commissioners for further processing. Respectfully Submitted, LIE W. HUERTA mission Secretary. [V"~Jt<{n'$~V!
I~, Y, THE PORT OF LOS ANGELES 425 S. Palos Verdes Street Post Office Box 151 San Pedro, CA 90733-0151 Tel/TOO 310 SEA-PORT WWW.portoflosangeles.org EricGarcetti Mayor- CIty of LosAngeles Boardof Harbor
More informationYear Ended December 30, 2016 December 25, Total Combined Operating Revenues $ 191,910,033 $ 176,182,112
March 20, 2017 PierPASS, LLC 444 W. Ocean Blvd., Ste 700 Long Beach, CA 90802-4581 To the Members of PierPASS, LLC: We are submitting this letter in response to your request for a summary of financial
More informationMARKET REPORT. 2nd Quarter 2018 MARKET REPORT 2Q18. Established in 1932 Local Expertise Global Reach
1 MARKET REPORT 2nd Quarter 2018 B B T H E B L AU & B E RG MARKET REPORT 2Q18 C O M PA N Y www.blauberg.com Established in 1932 Local Expertise Global Reach B B 2 Market Trends 2Q18 Northern & Central
More informationYear Ended December 26, 2014 December 27, Total Combined Operating Revenues $ 144,124,640 $ 119,073,204
March 27, 2015 PierPASS, LLC 444 W. Ocean Blvd., Ste 700 Long Beach, CA 90802-4581 To the Members of PierPASS, LLC: We are submitting this letter in response to your request for a summary of financial
More informationFOR SALE Long Term, Kaiser Leased Medical Building
FOR SALE Long Term, Kaiser Leased Medical Building 7880 Alta Valley Way Sacramento CA O F F E R I N G M E M O R A N D U M Martin Chiechi Senior Managing Director 408.987.4178 mchiechi@newmarkccarey.com
More informationABSOLUTE NNN INVESTMENT (FEE SIMPLE)
ABSOLUTE NNN INVESTMENT (FEE SIMPLE) 412 Lyndell Ln Panama City Beach, FL 32407 COLLIERS INTERNATIONAL 3 PARK PLAZA, SUITE 1200 IRVINE, CA 92614 SNYDER/CARLTON TEAM PRICING List Price $2,408,850 NOI $144,531
More informationRaising the minimum wage: What do we know? What should cities do?
Raising the minimum wage: What do we know? What should cities do? Chris Tilly Director, UCLA Institute for Research on Labor and Employment League of California Cities, Los Angeles County Division University
More informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT. School of Business. Fourth Quarter 2018 CENTER FOR ECONOMIC FORECASTING & DE VELOPMENT
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT Fourth Quarter 2018 School of Business CENTER FOR ECONOMIC FORECASTING & DE VELOPMENT INTRODUCTION 2018 was another strong year for the Inland Empire. The region
More informationMARKET REPORT. 4th Quarter 2017 MARKET REPORT 4Q17. Established in 1932 Local Expertise Global Reach
1 MARKET REPORT 4th Quarter 2017 B B T H E B L AU & B E RG MARKET REPORT 4Q17 C O M PA N Y www.blauberg.com Established in 1932 Local Expertise Global Reach B B 2 Market Trends 4Q17 Northern & Central
More informationGreater Toronto Area Industrial Market Report
ND QUARTER 15 Greater Toronto Area Industrial Report Partnership. Performance. Overview Moving into the latter half of the year, the Greater Toronto Area (GTA) has extended its stay in the low vacancy
More informationLOS ANGELES BOARD OF HARBOR COMMISSIONERS Harbor Administration Building 425 S. Palos Verdes Street San Pedro, California 90731
LOS ANGELES BOARD OF HARBOR COMMISSIONERS Harbor Administration Building 425 S. Palos Verdes Street San Pedro, California 90731 Board of Harbor Commissioners President Jaime L. Lee Vice President David
More informationAgenda. 9:00 10:30 am Senior Management Presentations
1 2006 Investor Day Agenda 9:00 10:30 am Senior Management Presentations 10:30 10:45 am Break Mike Brennan President and CEO Mike Havala Chief Financial Officer Jojo Yap Chief Investment Officer 10:45
More informationInstitute for Global Economic Research presents. Economic Outlook for Ventura County
Institute for Global Economic Research presents Economic Outlook for Ventura County April 15, 2016 The Ventura County economy is giving mixed signals of recovery. Although the county s unemployment rate
More informationThird Quarter 2018 / New Jersey. Industrial. New Jersey Industrial Vacancy Rate Declines Year- Over-Year, While the Net Rental Rate Continues to Rise
Third Quarter 2018 / New Jersey Industrial Industrial Market Facts 4.2% New Jersey's unemployment rate (national rate 3.9%) 3.4% Overall vacancy rate (3Q17 4.0%) $8.19 Average Direct Asking Rent (3Q17
More informationYouth Job. Jobs for Youth 16 & Older with current school/work permit TH BA Y
outh Job Our service area is Inglewood, Hawthorne, Lawndale, El egundo, Hermosa Beach, Manhattan Beach, Redondo Beach, Carson, Gardena, Torrance and Lomita. TH JOB OPPORTUNITIE - 09/01/18-09/15/18 Jobs
More informationThe Cost of Doing Business in Los Angeles
Economic Alliance of the San Fernando Valley Information Summit 2002 The Cost of Doing Business in Los Angeles Presented By: Larry J. Kosmont, CRE, President & CEO Thursday, March 28, 2002 601 S. Figueroa
More informationU.S. Economic and Real Estate Overview INSIDE:
INSIDE: MEPT s Operating Portfolio Surpasses 93 Percent Leased Urban Multi-family and CBD Office Assets Drive Fund Appreciation FIRST QUARTER OCTOBER 2005 VOLUME 20, NUMBER 3 FIRST QUARTER APRIL 2013 VOLUME
More informationPresented By: Doug Herzbrun Managing Director January 26, 2000
NORTHWEST CONSTRUCTION CONSUMER COUNCIL Presented By: Doug Herzbrun Managing Director January 26, 2000 U.S. Real Estate Capital Markets Overview INVESTABLE UNIVERSE $1.1 TRILLION 3 INVESTABLE UNIVERSE
More informationLA MIRADA DRIVE Vista, CA 92081
2345 LA MIRADA DRIVE Vista, CA 92081 FOR SALE 13,295 SF INDUSTRIAL BUILDING WATCH THE VIRTUAL TOUR HERE RUSTY WILLIAMS, SIOR rwilliams@lee-associates.com (760) 448-2453 DRE LIC# 01390702 CHRIS ROTH croth@lee-associates.com
More informationSEPTEMBER 2017 EMPLOYMENT HOUSING REAL ESTATE TRANSIT & TOURISM
EMPLOYMENT FINANCE HOUSING COMMERCIAL REAL ESTATE TRANSIT & TOURISM HIGHLIGHTS The private sector experienced job losses after three record-setting months of growth Economic expansion accelerated to the
More informationOFFICIAL ACTION OF THE LOS ANGELES CITY COUNCIL
HOLLY L. WOLCOTT CITY CLERK SHANNON D. HOPPES EXECUTIVE OFFICER When making inquiries relative to this matter, please refer to the Council File No.: 18-0020 City of Los Angeles CALIFORNIA ERIC GARCETTI
More information1989LITTLE ORCHARD. Industrial Facility. ±158,200 s.f. state-of-the-art FOR SALE OR LEASE OVERVIEW. ±158,200 square feet
±158,200 s.f. state-of-the-art Industrial Facility OVERVIEW JLL is pleased to bring to market 1989 Little Orchard Street in. This ±158,200 square feet state-ofthe-art industrial/manufacturing building
More informationLOS ANGELES BOARD OF HARBOR COMMISSIONERS Harbor Administration Building 425 S. Palos Verdes Street San Pedro, California 90731
LOS ANGELES BOARD OF HARBOR COMMISSIONERS Harbor Administration Building 425 S. Palos Verdes Street San Pedro, California 90731 REGULAR MEETING AGENDA Board of Harbor Commissioners President Jaime L. Lee
More informationRE: CORRECTIONS to the 3/29/18 BHUSD Statement Regarding Impasse
DATE: APRIL 2, 2018 TO: BHEA MEMBERS FROM: BHEA LEADERSHIP RE: CORRECTIONS to the 3/29/18 BHUSD Statement Regarding Impasse On 3/29/18, BHUSD emailed parents of our students a lengthy and misleading document
More informationABSOLUTE NNN INVESTMENT (FEE SIMPLE)
ABSOLUTE NNN INVESTMENT (FEE SIMPLE) 1624 E Howard Ln Austin, TX 78753 COLLIERS INTERNATIONAL 3 PARK PLAZA, SUITE 1200 IRVINE, CA 92614 SNYDER/CARLTON TEAM PRICING List Price $3,184,200 NOI $151,250 CAP
More informationFiscal Year
TRANSMITTAL City of Los Angeles Harbor Department Adopted Annual Budget Proposed Annual Budget Fiscal Year 2013-2014 Fiscal Year 2013-2014 June XX, 2013 PORT OF LOS ANGELES PROPOSED ANNUAL BUDGET FISCAL
More informationOF LOS ANGELES 425 S.Palos Verdes Street Post Office Box 151 San Pedro, CA TEl/TDD 310 SEA-PORT
la THE PORT OF LOS ANGELES 425 S.Palos Verdes Street Post Office Box 151 San Pedro, CA 90733-0151 TEl/TDD 310 SEA-PORT www.porfoflosangeles.org Eric Garceffi Mayor, City of LosAngeles Boord of Harbor Commissioners
More informationVOLUME FINANCE HOUSING COMMERCIAL REAL ESTATE EMPLOYMENT TRANSIT & TOURISM
VOLUME 4 2018 EMPLOYMENT FINANCE HOUSING COMMERCIAL REAL ESTATE TRANSIT & TOURISM Published April 2018 VOLUME 4 2018 HIGHLIGHTS Unemployment in New York City remained at a record low in March 2018 Median
More informationYouth Job. Jobs for Youth 16 & Older with current school/work permit TH BA Y
outh Job Our service area is Inglewood, Hawthorne, Lawndale, El egundo, Hermosa Beach, Manhattan Beach, Redondo Beach, Carson, Gardena, Torrance and Lomita. TH JOB OPPORTUNITIE - 10/01/18-10/15/18 Jobs
More informationMetro. Board Report. File #: , File Type: Formula Allocation / Local Return Agenda Number: 8.
Metro Board Report Los Angeles County Metropolitan Transportation Authority One Gateway Plaza 3rd Floor Board Room Los Angeles, CA File #: 2015-0704, File Type: Formula Allocation / Local Return Agenda
More informationEZ Corp. New Construction in Chicago, IL S. Western Ave. Chicago, IL For more info on this opportunity please contact:
EZ Corp New Construction in Chicago, IL For more info on this opportunity please contact: JOHN ANDREINI jandreini@capitalpacific.com (415) 274-2715 CA BRE# 01440360 RICK SANNER rsanner@capitalpacific.com
More informationYouth Job. Jobs for Youth 16 & Older with current school/work permit TH BA Y
outh Job Our service area is Inglewood, Hawthorne, Lawndale, El egundo, Hermosa Beach, Manhattan Beach, Redondo Beach, Carson, Gardena, Torrance and Lomita. TH JOB OPPORTUNITIE - 11/01/18-11/15/18 Jobs
More informationABSOLUTE NNN INVESTMENT (FEE SIMPLE)
ABSOLUTE NNN INVESTMENT (FEE SIMPLE) 525 E University Blvd Melbourne, FL 32901 COLLIERS INTERNATIONAL 3 PARK PLAZA, SUITE 1200 IRVINE, CA 92614 SNYDER/CARLTON TEAM PRICING List Price $1,897,000 NOI $112,873
More informationStrategic Plan Objective 1: World-Class Infrastructure that Promotes Growth
Strategic Plan Objective 1: World-Class Infrastructure that Promotes Growth Value Total CIP $1,008,464,446 125 CIP on Hold $463,921,921 16 Active CIP $544,542,525 109 At risk, 9, 8% Schedule Behind schedule,
More informationSewer Rate Study July 2016
July 2016 Prepared By The Finance Division TABLE OF CONTENTS SECTION 1: EXECUTIVE SUMMARY... 1 1.1 Background... 1 1.2 Purpose... 1 1.3 Current Sewer Rates... 1 1.4 Five Year Financial Projection... 1
More informationBlack Creek Industrial REIT IV Overview
Black Creek Industrial REIT IV Overview A FOUNDATION OF THE GLOBAL LOGISTIC NETWORK This sales and advertising literature must be read in conjunction with the Black Creek Industrial REIT IV Inc. (BCI IV)
More information425 S.Palos Verdes Street Post Office Box 151 San Pedro, CA TEL/TOO310 SEA-PORT
THE PORT OF LOS ANGELES Eric Garce«i Board of Harbor Commissioners Gary Lee Moore, P.E. 425 S.Palos Verdes Street Post Office Box 151 San Pedro, CA 90733-0151 TEL/TOO310 SEA-PORT www.portoflosangeles.org
More informationECONOMIC CURRENTS THE SOUTH FLORIDA ECONOMIC QUARTERLY
THE SOUTH FLORIDA ECONOMIC QUARTERLY Volume I, Issue 1 Introduction Economic Currents provides a comprehensive overview of the South Florida regional economy. The report combines current employment, economic
More informationDurango. Medical Building ±15,163 SF $3,639,000 UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING FOR SALE VIRTUAL TOUR
FOR SALE 3012 S. Drive, Las Vegas, NV 89117 DO NOT DISTURB BUSINESS OPERATOR. CALL FOR DETAILS OR TO SCHEDULE A TOUR WITH BROKER. UNIQUE OPPORTUNITY SINGLE-STORY MEDICAL BUILDING ±15,163 SF $3,639,000
More informationMeasure R Oversight Committee Annual Report on FY13 Audits
metro.net/measurer Measure R Oversight Committee Annual Report on FY13 Audits April 1, 2014 Measure R Independent Taxpayers Oversight Committee of Metro On November 4, 2008, Los Angeles County voters approved
More informationOFFERING SUMMARY ALLEGIANCE CRANE & EQUIPMENT 1
777 SOUTH ANDREWS POMPANO BEACH, FLORIDA AN EXCLUSIVE OPPORTUNITY TO ACQUIRE THE FEE SIMPLE INTEREST IN A SINGLE TENANT NNN LEASED WAREHOUSE AND CORPORATE HEADQUARTERS PROXIMATE TO RAIL LINES, I-95 AND
More informationStrategic Plan Objective 1: World-Class Infrastructure that Promotes Growth
Strategic Plan Objective 1: World-Class Infrastructure that Promotes Growth Value Total CIP $ 975,767,541 131 CIP on Hold $ 452,638,271 17 Active CIP $ 523,129,270 114 At risk, 5, 5% Behind, 6, 5% Value
More informationPage 2. Copies of the OODC Study can be requested from:
Page 1 Copies of the OODC Study can be requested from: CALIFORNIA TRUCKING ASSOCIATION Policy and Government Relations Department Email: syang@caltrux.org Phone: (916) 373-3500 Website: www.caltrux.org
More informationLong Beach, California Long Beach Harbor Dept.; Ports/Port Authorities
Long Beach, California Long Beach Harbor Dept.; Ports/Port Authorities Primary Credit Analyst: Mary Ellen E Wriedt, San Francisco (1) 415-371-5027; maryellen.wriedt@standardandpoors.com Secondary Contact:
More information5715 W. Alexander #150, Las Vegas, NV 89130
10% Down Office Condo 49c PSF Payments 5715 W. Alexander #150, Las Vegas, NV 89130 Listing ID: 30279469 Status: Active Property Type: Office For Sale Office Type: Business Park, Executive Suites Size:
More informationYouth Job. Jobs for Youth 16 & Older with current school/work permit TH BA Y
outh Job Please visit our website at www.southbay1top.org for a list of job opportunities available in the outh Bay. Our service area is Inglewood, Hawthorne, Lawndale, El egundo, Hermosa Beach, Manhattan
More informationCVS/Pharmacy. Absolute NNN Lease IREA. Actual Photo S Garey Ave, Pomona, CA 91766
CVS/Pharmacy Absolute NNN Lease 1485 S Garey Ave, Pomona, CA 91766 IREA Actual Photo IREA INVESTMENT REAL ESTATE ASSOCIATES OFFICE 16501 Ventura Blvd. Suite 448 Encino, CA 91436 Phone: 818.386.6888 Fax:
More informationDoes use of the variable crowd out or diminish the weight in the formula of a more representative variable?
Funding Plan Does use of the variable crowd out or diminish the weight in the formula of a more representative variable? As the underlying data for the variables could change over time (e.g., number of
More informationDIRECT ACCESS TO INSTITUTIONAL-QUALITY REAL ESTATE
THE FUTURE OF REAL ESTATE INVESTING: DIRECT ACCESS TO INSTITUTIONAL-QUALITY REAL ESTATE We empower accredited investors and Registered Investment Advisors to invest directly in commercial real estate with
More informationAnnual Financial Statement Fiscal Year Ending June 30, 2002
2002 Annual Financial Statement Fiscal Year Ending June 30, 2002 Los Angeles Board of Harbor Commissioners Nicholas G. Tonsich, President Elwood Lui, Vice President James E. Acevedo Camilla T. Kocol Thomas
More informationThe CoStar Office Report. T h i r d Q u a r t e r Duluth Office Market
The CoStar Office Report T h i r d Q u a r t e r 2 0 1 6 Third Quarter 2016 Duluth Table of Contents Table of Contents................................................................. A Methodology......................................................................
More informationQuarterly Report and Forecast Q Prepared by City of Richmond Economic Development Office February 2017
Macroeconomic Indicators & Forecast Overall, the GDP growth outlook for advanced economies has improved for 2017 and 2018, reflecting stronger activity in the latter half of 2016. 2) Interest Rates US
More informationSuburban investment activity soars to close out 2015
MARKETVIEW Denver Office, Q4 215 Suburban investment activity soars to close out 215 Vacancy Rate 12.6% Lease Rate $24.92 FSG Net Absorption 574,572 sq. ft. Under Construction 2.4 million sq. ft. Completions
More informationABSOLUTE NNN INVESTMENT (FEE SIMPLE)
ABSOLUTE NNN INVESTMENT (FEE SIMPLE) 35 Murabella Pkwy St. Augustine, FL 32092 COLLIERS INTERNATIONAL 3 PARK PLAZA, SUITE 1200 IRVINE, CA 92614 SNYDER/CARLTON TEAM PRICING List Price $2,195,600 NOI $131,734
More informationCYCLE FORECAST Real Estate Market Cycles Second Quarter 2015 Estimates August 2014
CYCLE FORECAST Real Estate Market Cycles Second Quarter 0 Estimates August 0 Economic forecasts for U.S. GDP and employment growth continue to improve, but are still expected to be at growth rates slightly
More informationSan Antonio 4th Quarter 2014 RETAIL. Market Trends COMMERCIAL REAL ESTATE INFORMATION
San Antonio 4th Quarter 2014 RETAIL Market Trends COMMERCIAL REAL ESTATE INFORMATION Table of Contents/Methodology of Tracked Set Table of Contents/Methodology of Tracked Set 2 San Antonio Market Map 3
More informationHAMMOND LOGISTICS WAREHOUSE BULK WAREHOUSE HAMMOND, INDIANA
LOCATION HIGHLIGHTS: Located a few hundred feet from the Illinois border, 3445 Sheffield Ave. is the ideal location for quick access to I-90, I-94 and downtown Chicago. The property is strategically positioned
More informationfor lease CHICAGO GATEWAY 1825 & 1955 CHICAGO AVENUE RIVERSIDE, CA
for lease CHICAGO GATEWAY 1825 & 1955 CHICAGO AVENUE RIVERSIDE, CA For information, please contact: THOMAS P. PIERIK, SIOR 951.276.3610 tpierik@lee-associates.com DRE Lic. #00982027 DAVID G. MUDGE, CCIM,
More informationRevised RESOLUTION NO. - APPROVE REVOCABLE PERMIT BETWEEN THE CITY OF LOS ANGELES HARBOR DEPARTMENT AND CALIFORNIA TRANSLOAD SERVICES, LLC.
I,\ THE PORT OF LOS ANGELES Exe cutive Director' s Report to the Boord of Harbor Commissioners DATE: SEPTEMBER 19, 2018 FROM: CARGO & INDUSTRIAL REAL ESTATE RESOLUTION NO. - APPROVE REVOCABLE PERMIT BETWEEN
More informationBEIJING MARKET OUTLOOK 2019 Healthy demand across all sectors
Emily Cao Head Research North China Emily.Cao@colliers.com Zhibin Yao Senior Analyst Research North China Zhibin.Yao@colliers.com BEIJING MARKET OUTLOOK 2019 Healthy demand across all sectors Xi Chen Senior
More informationTHE HARBOR DEPARTMENT OF THE CITY OF LONG BEACH BALANCE SHEETS SEPTEMBER 30, 2001 AND (amounts expressed in thousands)
1 BALANCE SHEETS SEPTEMBER 30, 2001 AND 2000 (amounts expressed in thousands) Assets Current assets: Pooled cash and cash equivalents (Note 2) $ 154,749 $ 53,864 Accounts receivable trade 31,971 35,861
More informationINDUSTRIAL MARKET ANALYSIS
INDUSTRIAL MARKET ANALYSIS KYLE SMITH Regional Multiple List Service [RMLS] Fellow & Certificate of Real Estate Development Graduate Student The Portland metropolitan industrial market experienced a slight
More informationCYCLE FORECAST Real Estate Market Cycles First Quarter 2018 Estimates May 2017
CYCLE FORECAST Real Estate Market Cycles First Quarter 20 Estimates May 20 So far, 20 continues along at a slow Gross Domestic Product (GDP) growth rate near 2% and employment continues to hover above
More informationOCTOBER 2017 EMPLOYMENT HOUSING REAL ESTATE TRANSIT & TOURISM
EMPLOYMENT FINANCE HOUSING COMMERCIAL REAL ESTATE TRANSIT & TOURISM HIGHLIGHTS Wages increased in September, reversing August declines Consumer spending rose in amid rising wages New residential construction
More informationMiami sets all-time high with $9.00 (IG) average asking rate
Miami Industrial, Q 17 Miami sets all-time high with $9. (IG) average asking rate Total Vacancy Lease Rate Net Absorption Completions 3.5% $9. PSF 57, SF 7, SF *Arrows indicate change from previous year.
More information2016 CALIFORNIA ECONOMIC & MARKET FORECAST. November 18, 2015 Newport Beach AOR Leslie Appleton-Young, Vice President & Chief Economist
2016 CALIFORNIA ECONOMIC & MARKET FORECAST November 18, 2015 Newport Beach AOR Leslie Appleton-Young, Vice President & Chief Economist New Legal Hotline App App Available NOW! The Future 2016 FORECAST
More information5715 W. Alexander #150, Las Vegas, NV 89130
Brand New Everything! NW Professional Office Condo 5715 W. Alexander #150, Las Vegas, NV 89130 Listing ID: 30279487 Status: Active Property Type: Office For Lease Office Type: Business Park, Executive
More informationAUDIT COMMITTEE OF THE BOARD OF HARBOR COMMISSIONERS CAPITAL IMPROVEMENT PROGRAM REPORT
AUDIT COMMITTEE THE PORT OF LOS ANGELES Report to the Board of Harbor Commissioners DATE: DECEMBER 10, 2015 TO: SUBJECT: AUDIT COMMITTEE OF THE BOARD OF HARBOR COMMISSIONERS CAPITAL IMPROVEMENT PROGRAM
More informationIFC S EXPERIENCE IN THE TRANSPORT SECTOR
APPENDIX D: IFC S EXPERIENCE IN THE TRANSPORT SECTOR The International Finance Corporation s (IFC s) IEG reviewed IFC s investments in the transport sector between 1990 and 2005. IEG found several things:
More informationPort Jax Trade Center, Bldg 300
Port Jax Trade Center, Bldg 300 2629 PORT INDUSTRIAL DR, JACKSONVILLE, FL 32226 BUILD-TO-SUIT & LEASING OPPORTUNITIES Nominated 2014 NAIOP Developer of the Year! Designated Foreign Trade Zone #64 > > Bldg.
More informationCONTENTS PORT OF THE AMERICAS. Port of Ponce Authority RFI PPA
CONTENTS 1. INTRODUCTION... 1 1.1 Port of The Americas... 1 1.2 Why Puerto Rico... 1 1.3 Purpose of this Request for Information... 3 1.4 Effect of this Request for Information... 3 1.5 Respondents to
More informationPrologis. Citi Global Property CEO Conference. Hollywood, FL. Prologis Park Redlands Distribution Center, Redlands, California
03.05.2018 Prologis Citi Global Property CEO Conference Hollywood, FL Prologis Park Redlands Distribution Center, Redlands, California Forward-Looking Statements This presentation includes certain terms
More informationPort and Modal Elasticity Study Phase II Findings
Port and Modal Elasticity Study Phase II Findings Dr. Rob Leachman Agenda Brief Review of Elasticity Analyses (Dr. Leachman) Discussion (All) Next Steps (SCAG) 2 Background Pollution and traffic in port
More informationCity of Inglewood. Special Meeting of City Council. Evaluation of Solid Waste and Recycling Services Proposals
City of Inglewood Special Meeting of City Council Evaluation of Solid Waste and Recycling Services Proposals February 23, 2012 Background Waste Management provides exclusive residential, commercial and
More informationVOLUME FINANCE HOUSING COMMERCIAL REAL ESTATE EMPLOYMENT TRANSIT & TOURISM
VOLUME 11 2018 EMPLOYMENT FINANCE HOUSING COMMERCIAL REAL ESTATE TRANSIT & TOURISM Published November 2018 VOLUME 11 2018 HIGHLIGHTS Total employment in NYC reached a record high in October 2018 Seven
More informationSparking Investments in Industrial and Commercial Properties Rachel Vandenberg PE, Vice President AECOM
Sparking Investments in Industrial and Commercial Properties Rachel Vandenberg PE, Vice President AECOM Importance of Ports to the US Economy 99 % share of national waterborne trade transported through
More informationECONOMIC ISSUES AND OPPORTUNITIES PAPER
ECONOMIC ISSUES AND OPPORTUNITIES PAPER Introduction The purpose of this paper is to identify important economic issues that need to be addressed in order to create policy options for the City of Simi
More informationChristos Celmayster
FOR SALE 823 E De La Guerra St Upgraded Santa Barbara Apartment With Views 6 Units 4.05% Cap Rate on Current s The information contained herein has been obtained from the owner of the property or from
More informationMEMORANDUM. Jobs and Fiscal Revenues - North Mare Island
ATTACHMENT 4 MEMORANDUM ADVISORS IN: REAL ESTATE AFFORDABLE HOUSING ECONOMIC DEVELOPMENT To: Kathleen Diohep City of Vallejo SAN FRANCISCO A. JERRY KEYSER TIMOTHY C. KELLY KATE EARLE FUNK DEBBIE M. KERN
More informationTable of School Districts listing STIPENDS FOR ADVANCED DEGREES
Unified School districts or union high school districts are regular type. ELEMENTARY school districts in Italics South Bay s highlighted in BLUE As of 6/16/18 Antelope Valley Union HSD $127,275 38 step
More informationPort Credit Ratings. AAPA Finance Seminar. Emma Griffith, Senior Director Global Infrastructure and Project Finance. April 2018
Port Credit Ratings AAPA Finance Seminar Emma Griffith, Senior Director Global Infrastructure and Project Finance April 2018 Contents 1 Ratings Overview 2 2 Rating Ports 8 3 Case Studies: Recent Rating
More information