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The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey provides clues to current commercial real estate asset prices and a turn around in the market.  Over the past 18 months Class A commercial real estate values have increased to near peak levels. The increase is not supported by the current rental and occupancy rates. This rise in asset prices is either an indicator of investor expectations of improving fundamentals over the next three to four years or the beginning of a new asset bubble.  

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In preparation for our upcoming trip to China, we came across these amazing statistics: 80% of the goods imported to the U.S. from China are consumer products.*1 45% of the U.S. imports come from Asia.*2 6 of the world’s top 10 busiest ports(ranked by TEU) are located in China*5 If you’re one in a million in China, there are 1,300 people just like you. *3 China will soon be the number one English speaking country in the world. *2 One-fifth of the world’s population lives in China. *5 Despite its size, all of China is in one time zone(CST).*3 During...

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Nobody knows the market for industrial buildings better than the industrial brokers.  Therefore, in order to ascertain the future of rental rates, we decided to go straight to the source. The majority of nationwide brokers project industrial rents to increase 3-5% within the next 12 months. “Respondents in 28 markets expect positive rent growth. In addition, market statistics are starting to show rent growth for industrial properties and net effective rents will most likely outperform expectations.” (Grubb & Ellis Industrial Broker Sentiment Survey) In closing, we at The O’Donnell...

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LEED certifying a commercial building can decrease: Energy usage by 50% Water usage up to 40% The O’Donnell Group remains committed to energy efficiency with four buildings registered to be LEED certified. For more information, please contact your local LEED AP consultant. (*Source: McGraw-Hill Construction, Key Trends in the European and US Construction Marketplace SmartMarket Report, 2008)

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REAL ESTATE: O’Donnell to put up 1.2M sq. ft. of industrial By Mark Mueller Sunday, May 22, 2011 Newport Beach-based real estate developer and property manager O’Donnell Group Inc. has started work on a massive industrial development in the Inland Empire. The company said this month it is moving ahead with construction for Banning Industrial Park, a 64-acre complex in Riverside County’s Banning, just off Interstate 10 near the 60 freeway. The project, about 20 miles from Palm Springs, is set to include 12 buildings totaling more than 1.2 million square feet....

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Press Release Banning Industrial Park, Nation’s Largest Speculative Industrial Park Currently Under Construction Now Leasing off I-10 The O’Donnell Group has broken ground on a 64-acre industrial park in Banning, California.  The project is being built on a speculative basis.  Once completed, it will offer twelve state-of-the-art industrial buildings totaling over 1.2 million square feet.  The centerpiece of the development will be a 786,000 square foot cross-dock distribution building.  The LEED certified building will have a 30’ ceiling clearance height, an ESFR...

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Great article from The Oakstone One of the industry’s closely watched “status checks” (and one I’ve been watching for years) points to a fairly positive outlook for U.S. commercial real estate in the months ahead. The quarterly report from Prudential Real Estate Investors (PREI) also details potential hiccups, including rising interest rates, so it’s well worth a read.   Here is an executive summary of Prudential’s report:   • With the economy growing at a healthy pace, commercial real estate fundamentals are finally moving in a positive direction in all sectors....

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According to a report released by Global Port Tracker, container traffic for the top 10 U.S. ports is forecasted to be up 9% from April a year ago. The article also predicts the following increases over the subsequent months in 2010: April?      1.24 million TEUs (+9%) May?       1.32 million TEUs (+ 4%) June?      1.38 million TEUs (+5%) July?       1.45 million TEUs (+5%) August ? 1.54 million TEUs (+8%) First half 2011 is forecast at 7.4 million TEUs (+8%) "These numbers are an indication that the economy is recovering and retailers are expecting...

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A great Industrial Article written by The Oakstone. The heat is on in the industrial market. With improving positive absorption, very little new construction in the pipeline and the merger of two giants creating excitement, 2011 may very well be the year for this oft-overlooked corner of the real estate world. In fact, sunnier days have already begun to make themselves evident. “There’s just a lot of positive signs in the market,” said Craig Meyer, Jones Lang LaSalle Inc. managing director & head of industrial real estate for the Americas. “It’s becoming much...

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Great Article by CoStar Tightening Supply In Suburban Markets Will Eventually Benefit Owners and REITs as Tenants Trade Up For Higher-Quality Space at Attractive Rates By Randyl Drummer April 6, 2011 Picking up where they left off last year, U.S. equity REITs continued to post strong returns in the first quarter of 2011, outperforming broader market indices despite a late-quarter slowdown that softened returns on investment trust stocks in March, according to new figures from NAREIT. The gains appear to reflect investor expectations that market fundamentals will continue...

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