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With trades seeing discounts of up to 75%, sellers slash asking prices for prime, but empty properties.
Santa Monica’s solution, approval en masse in exchange for downsized projects, is the model.
Meanwhile, hotels are also seeing geopolitical tensions impact international travel.
Alexandria plans a project in the San Francisco Peninsula, where life science leasing has been surging.
The city has settled a lawsuit alleging the housing policy was used to concentrate poverty in certain neighborhoods.
Maximus defaulted on the loan backed by a 3,165-unit Parkmerced complex.
The City waives zoning requirements and streamlines the approval process for adaptive reuse.
A global firm has inked a 123K SF deal in Transamerica Pyramid, as renovated towers draw tenants.
Scores of property owners in Palisades, Altadena are selling rather than rebuilding.
The developer enters the market with a 435K square foot project near the Port of Oakland.