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2 days ago | 
globest.com | Richard Berger |Anthony Russo |Kristen Smithberg
Special Report Instant Insights Falcon Edit Post SHARE ON FACEBOOK SHARE ON TWITTER Hidden Risks in CRE Lending Threaten Banks and Investors RCG Ventures Completes $1.8B Purchase of Net Retail Portfolio Rising Apartment Renewals Driven by Economic Conditions, Psychological Factors Seniors Increasingly Opting to Rent While Young People Wait Rent Reporting Emerges as a Must-Have Amenity for Credit-Conscious Renters Real Estate GlobeSt. ELITE Women of Influence (WOI) 2025 July 21, 2025 - Denver...
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1 week ago | 
globest.com | Richard Berger
The average US homeowner lost approximately $4,200 in equity during the past year; however, this still leaves the average borrower with about $302,000 in accumulated home equity, according to a new report for the first quarter of 2025 from Cotality. Particularly, California has fared better than the national average, with the average equity per borrower declining modestly year-over-year by approximately $2,700.
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1 week ago | 
globest.com | Richard Berger
Originally developed in 1981, it sits on a 15,000-square-foot corner lot at the signalized intersection of Wilshire and Lincoln Boulevards, which sees 50,000 drivers per day.
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1 week ago | 
globest.com | Richard Berger
California offers a state-level low-income housing tax credit (LIHTC) in addition to a federal program, which can help compensate for a deal’s lack of soft funding by generating additional equity proceeds from investors. It is used in only about half of the states in the country.
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1 week ago | 
globest.com | Richard Berger
Homebuilders continue to make progress in rebuilding and constructing new homes for Palisades and Altadena residents who were affected by the widespread January fires. Regulations and materials availability and cost have made for a gradual process in bringing the area’s housing back to life. Between Altadena, Malibu, and Pacific Palisades, approximately 10,000 single-family homes have been lost, with thousands in need.
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2 weeks ago | 
globest.com | Richard Berger
A critical issue regarding solar benefits for customers under California’s earlier Net Energy Metering programs, including multifamily renters, CARE/FERA customers and affordable housing providers, is currently being debated in Sacramento, which could impact roughly 300,000 renters and other consumers. AB 942 would undermine the value of solar energy on nearly 2 million single-family homes, schools and public agencies, as well as farms, when they are sold.
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2 weeks ago | 
globest.com | Richard Berger
Cedar Street Partners’ 600 Foothill, a mixed-use development in La Cañada Flintridge, is moving forward after securing a builder's remedy designation following a lengthy legal battle with the jurisdiction. The project became a statewide flashpoint in the housing policy debate after the City of La Cañada Flintridge refused to process the application, prompting a lawsuit and intervention from the California Attorney General and Department of Housing and Community Development.
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2 weeks ago | 
globest.com | Richard Berger
Acquisition financing has been secured for a Fontana Multifamily Portfolio, comprising two newly constructed apartment communities in the California city, according to a report from JLL Capital Markets. The undisclosed borrower is a local private investor, whose $20.5 million loan was arranged through Keystone National Group, LLC. The Fontana Portfolio comprises two 2024-built apartment communities: 8969 Newport Ave. and 16220 Arrow Blvd.
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2 weeks ago | 
globest.com | Richard Berger
In an off-market transaction with an institutional owner, MCA Realty has acquired a 106,311-square-foot multi-tenant industrial building at 2270 Camino Vida Roble in Carlsbad, Calif., for $30.7 million. The firm did so through its MCA Realty Industrial Growth Fund II. Cushman & Wakefield’s Conor Boyle and Tyler Stemley are overseeing leasing at the rebranded property, which is currently 95 percent leased, standard for this market.
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2 weeks ago | 
globest.com | Richard Berger
California’s lesser-known cities are emerging as the state’s strongest multifamily rental markets, outpacing their larger counterparts in projected rent growth, according to a new report from real estate data firm Markerr. The report analyzed the top 20 California metropolitan statistical areas (MSAs), revealing that tertiary markets, such as Merced, Stockton and Salinas, are forecasted to lead the state in rent growth over the next five years.
