CRE

            Inflation was up 3.0 percent in the year through June, down from 4.0 percent in May – the slowest pace since March 2021. The core inflation, a measure that excludes energy and food prices, was up 4.8 percent over the twelve months through June, down from 5.3 percent in...

David Freitag is an executive vice president and Los Angeles branch manager at DAUM Commercial Real Estate Services, where he specializes in consulting and corporate services in industrial and commercial properties. Throughout his impressive career, Freitag has achieved a personal transaction value in excess of $2.1 billion and totaling over 23 million square feet of space. His range of clients includes...

OCTOBER CPI REPORT COOLER THAN EXPECTED Inflation in October was up 7.7 percent year-over-year, down from 8.2 percent in the previous month. The Core CPI, a less volatile measure that excludes energy and food prices, increased 6.3 percent, down from 6.6 percent in the year through September. Even though still running at a historically high pace, the CPI at 7.7 percent is less than the 7.9 percent that...

Despite the lower gas prices, which have fallen for 91 straight days, inflation rose 8.3 percent in August from the prior year. Compared to 8.5 percent in July. The August report is disappointing as the economists and experts expected a more pronounced decline in CPI growth. On the news, the S&P 500 dropped over 4 percent, the largest drop in the index since June 2020. The decline in fuel...

GDP Declines for the Second Consecutive Quarter: Are We in a Recession? On July 28th, the first reading on Q2 GDP was released showing a contraction of 0.9 percent. This is following the Q1 contraction of 1.6 percent. The decline of GDP for two consecutive quarters is widely considered to be a recession. In the US, however, a definition is more expansive. The National Bureau of Economic Research, a...

President Biden called on Congress to make tax code changes that could hurt commercial real estate investors’ pockets. But the code changes detailed in The American Families Plan could also result in fundamental shifts in how real estate is bought, sold and developed. One of the major themes of Biden’s campaign as well as his first 100 days in office has been equity. Instead of raising taxes on...

VERNON, CALIF. — Gautier Land Co. has completed the disposition an industrial portfolio located in the Los Angeles County submarket of Vernon. The six buildings offer a total of 464,415 square feet of industrial space. Rexford Industrial Realty acquired the asset for $93.8 million. The buildings are fully leased to a variety of tenants and feature 20-foot to 30-foot clear heights and extensive...

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Many Californians have had their eyes on the fate of a number of propositions. Among them is Proposition 15, which called for increased property taxes on commercial and industrial properties. Although the result has not yet been certified, the reported vote tally indicates that Proposition 15 will be defeated by a 51.86% to 48.14% margin. What does Proposition 15 victory mean? For the past 40...

OverallSouthern California’s Industrial sector has been one of the top industrial submarkets for commercial assets. Momentum of the industrial market is due to the increased demand in e-commerce, manufacturing and warehousing to store inventory. As we have seen many changes in various industries due to COVID-19, the industrial sector has continued to retain high occupancy and demand during these...