CRE Journal: Your Essential Daily Commercial Real Estate Briefing: October 4, 2024

CRE Journal: Your Essential Daily Commercial Real Estate Briefing: October 4, 2024

Good Morning! Here's your 5 min daily newsletter on what matters in commercial real estate.

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?? Top CRE News

Rent Control In California: What You Need To Know About Proposition 33 California is one of the costliest?states?in the U.S. to live in, and its housing crisis extends back well before the pandemic. In an effort to curb the rising costs, activists have attempted to expand rent control via a ballot measure.?

SITE Centers Sells Free-Standing Whole Foods for $44M SITE Centers Corp. has sold the 57,218-square-foot, free-standing Whole Foods at Bay Place in Oakland, Calif., for $44.4 million. JLL Capital Markets arranged the transaction.

California firm buys more than 500K square feet in Dallas suburb The three-building industrial complex is 78% leased to two tenants. The buyer, Bixby Capital Management is a commercial real estate firm with more than $1.5 billion of assets under management.

CRE Sentiment Index Hits All-Time High Confidence in the commercial real estate sector has improved significantly in the third quarter of 2024, according to the Board of Governors Sentiment Index survey from the CRE Finance Council.

Grocery retailers, shoppers react to port strike A port strike which has shut down ports along the East Coast and the Gulf of Mexico is now well into day three and grocery retailers are feeling the pressure.

Google Renews 200K-SF Office Lease in Southern California If Google (GOOGL) was on the market for a new office space, it was just browsing. The tech megalith during the past quarter renewed its 196,238-square-foot lease at the Irvine, Calif., office campus it has occupied since 2014, according to a new market report from Savills. The Registry first reported the news.?

See inside the Sable Ranch film location listed for sale for the first time in 50 years (PHOTOS) The 400-acre property has been the site of numerous productions for decades, from music videos to feature films and blockbusters including “Oppenheimer,” “Call of the Wild” and “The A-Team."

RetailMeNot: Holiday shoppers to spend over $1K each in 2024 New data from RetailMeNot indicates consumers will spend early and often this holiday season.


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?? Market News

Costco is selling platinum bars as it expands its precious-metals business after huge success selling gold

Stock Market Today: Blowout Jobs Report Boosts Shares, Hits Bonds Strong data also shows surprise decline in unemployment rate

Fidelity’s Spot Bitcoin ETF (FBTC): What It Is And How To Buy It


?? Industry Insights

5 Power Moves To Explode Your Brokerage

Top five takeaways from the Q3 2024 US CRE industry conditions and sentiment survey

MLG Capital Releases CRE Market View with Unique Insights and Trends in Multifamily, Industrial and Capital Markets



?? Meme Of The Day




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?? Quote of the Day

“Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit.” – Conrad Hilton


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Daniel Bagdazian

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