Allen Matkins

Allen Matkins/UCLA Anderson Forecast California CRE Webinar

Wed, 08 Mar 2023 12:53:10 GMT

Join California's leading commercial real estate and economic professionals for a timely conversation on what specific market sectors should anticipate in 2023 and beyond. What will office, industrial, retail, and multifamily markets look like over the next 12 to 36 months? How long will interest rates impact deals? Can we expect a recession this year? Many factors are at play. Hear from the experts on how best to plan ahead.

Real Estate Economic Overview

Mon, 26 Sep 2022 14:28:03 GMT

Michael Van Konynenburg | President, Eastdil Secured

Moving Beyond Covid: Current Perspectives on the Office Market

Thu, 22 Sep 2022 13:31:09 GMT

Elizabeth Hart | Vice Chairman, Newmark

Kelley Lovshin | Vice President, Seattle Region, Boston Properties

Andrea Pierce | Managing Director and Head of U.S. Office Asset Management & Industrial Asset Management, Starwood Capital Group

Major Western Region Leasing Markets Predictions and Updates

Thu, 22 Sep 2022 12:54:13 GMT

David Abbott | Senior Vice President, CBRE

Robert Paratte | Executive Vice President of Leasing and Business Development, Kilroy Realty Corporation

Christopher T. Roeder | Executive Managing Director, JLL

David Sternberg | Executive Vice President, Brookfield Properties

Gregg Walker | Senior Managing Director and Head of Business Development, DivcoWest

Western Region Investment Sales Markets Predictions and Update

Thu, 22 Sep 2022 11:54:00 GMT

Jonathan Lange | Senior Vice President, Los Angeles Region, Boston Properties

Christopher Peatross | Founder and Chief Executive Officer, Swift Real Estate Partners

Kevin A. Shannon | Co-Head of U.S. Capital Markets, Newmark

Eliott Trencher | Executive Vice President, Chief Investment Officer, Interim Chief Financial Officer, Kilroy Realty Corporation

Stephen W. Van Dusen | Managing Director, Eastdil Secured

Interactive Real Estate Strategy Discussion

Thu, 22 Sep 2022 11:02:57 GMT

John Kilroy | Chairman of the Board, Chief Executive Officer, Kilroy Realty Corporation

Retail Outlook Continues Slow Rebound

Wed, 03 Aug 2022 13:34:28 GMT

Despite a looming recession and continued economic uncertainty, retail sentiment continues to rebound from the bottom of the cycle. The latest Survey indicates optimism in most markets aside from San Francisco and Los Angeles, where pessimism continues due to many people continuing to work from home and a lack of foreign tourism. In the other markets, a limited return to the office has increased the demand for retail in the core of each city, while the building of new housing throughout California has created a demand for new retail close to that housing. There is also expected to be a demand for the reconfiguration of retail establishments to a more open-air, post-COVID concept that will attract consumers back to stores. The booming housing market will continue to generate demand for retail throughout the state, leading to a turnaround in retail development and a new retail building cycle that should begin before the end of 2025.

Multiple Factors Fuel Continued Multi-Family Market Optimism

Wed, 03 Aug 2022 13:34:23 GMT

Despite the pandemic-induced demand for homes in the suburbs and a continued work-from-home culture, optimism continues about the coming three years, though slightly less than a year ago. In this Survey, it is forecast for every market that rental rates will increase faster than the rate of inflation and vacancy rates will fall between now and 2025. Although the continued waves of the pandemic delayed some return to the office, the reopening of city amenities and the creative and social value derived from urban experiences are attractors that are expected to prompt increased multi-family living in urban areas, particularly among younger workers.

Two other factors are also driving new multi-family development—the inland parts of California are experiencing growth in logistics and infrastructure construction and a series of state laws—SB8, SB9 and SB10—have superseded some local building approval processes, opened land currently zoned for single-family homes to the construction of small multi-family structures, and reduced barriers to multi-family construction in transit corridors.

Despite Economic Uncertainties, Tempered Optimism Prevails for California...

Wed, 03 Aug 2022 13:34:12 GMT

The Summer 2022 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows there is much more optimism about the next three years than the barrage of negative news about the economy might suggest. The current Survey reveals that the optimism shown in last Winter’s Survey for office and retail markets turning positive in the near-term was premature, but that the prevailing sentiment for those markets remains one of confidence in the longer-term. Meanwhile, optimism for industrial and multi-family markets remains, though at a more tempered pitch than was shown six months ago.

Multi-Year Optimism Continues for Growing Industrial Market

Wed, 03 Aug 2022 13:26:15 GMT

With industrial markets seeing consistently high occupancy rates and superior lease rate growth over the past few years, sentiment for new industrial projects has been consistently positive, including in the latest survey. This is in large part due to the fact that rapid industrial development has barely kept up with absorption, leaving plenty of demand for additional supply. Consistently high occupancy rates and superior lease rate growth have kept the optimism high for all industrial markets. The current survey predicts more of the same—that significant future increases in demand will outstrip planned and projected 2025 supply. This view of an even tighter market stems in part from the fact that demand in the last few years has driven vacancy rates to their astonishingly low levels.

Continued Uncertainty Dampens Office Market Sentiment

Wed, 03 Aug 2022 13:21:11 GMT

The continued persistence of the COVID-19 pandemic has reversed the previously optimistic trajectory of the office market as a return to the workplace for many employees continues to be delayed. With investors becoming more cautious due to the increased uncertainty about near-term economic prospects, the optimism for the office market in the previous Survey shifts to a downturn in Southern California, with a more neutral view in Northern California. Office development sentiment has remained slightly optimistic in the Bay Area, though there are not yet plans in place to increase the rate of development. Though the return to the office has been delayed, there are signs that this pessimism is temporary—companies will ultimately put into place plans to return their workforce to the office, and there will eventually be a need for new office development that will provide for this new office landscape.

Industrial Optimism Continues to Grow, Reaching Highest Level in Years

Tue, 08 Feb 2022 22:57:27 GMT

The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey found that the industrial space markets continue to be the outstanding performers in California. In the latest Survey, overall optimism about industrial space over the coming three years has reached the highest level for a Winter Survey since 2015.

Multi-Family Market Optimism Roars Back from Pandemic-Related Demand Drop

Tue, 08 Feb 2022 22:57:19 GMT

The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey found that despite the increased demand for single-family detached homes in the suburbs, a continued work-from-home culture, and falling rental rates, the multi-family panels are more bullish about the coming three years than they have been at any time since 2016.

Winter 2022 Overview Social Promo

Tue, 08 Feb 2022 22:56:44 GMT

Prolonged Retail Pessimism Finally Turns to Optimism

Tue, 08 Feb 2022 22:56:35 GMT

The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey found that over the course of the last four Surveys, pessimism about retail occupancy and rental rates three years in the future has declined. In the latest Survey, pessimism turned to optimism in four of the markets surveyed, all of which feature low unemployment rates.

14th Annual View From the Top: Landlord/Tenant Discussions of Space...

Wed, 15 Sep 2021 13:56:15 GMT

Ellen Albert | Executive Vice President, Global Real Estate and
Facilities, ViacomCBS

A. Robert Paratte | Executive Vice President, Leasing and
Business Development, Kilroy Realty Corporation

Gregg Walker | Senior Managing Director and Head of Business
Development, DivcoWest

Julie Whelan | Global Head of Occupier Thought Leadership, CBRE

14th Annual View From the Top: Western Region Investment Sales Markets...

Wed, 15 Sep 2021 13:34:22 GMT

Eliott Trencher | Senior Vice President, Chief Investment Officer, Kilroy Realty Corporation

Stephen W. Van Dusen | Managing Director, Eastdil Secured

Kevin A. Shannon | Co-Head of U.S. Capital Markets, Newmark

Jonathan Lange | Senior Vice President, Los Angeles Region, Boston Properties

14th Annual View From the Top: Real Estate Economic Overview

Wed, 15 Sep 2021 13:12:14 GMT

D. Michael Van Konynenburg | President, Eastdil Secured

14th Annual View From the Top: Major Western Region Leasing Markets...

Wed, 15 Sep 2021 12:54:40 GMT

Jeffrey Welch | Executive Vice President, CBRE

Christopher T. Roeder | Executive Managing Director, JLL

David Sternberg | Executive Vice President, Northern California & Mountain Regions, Brookfield Properties

David Abbott | Executive Vice President, Colliers

14th Annual View From the Top: Interactive Real Estate Strategy Discussion

Wed, 15 Sep 2021 12:44:00 GMT

John Kilroy | Chairman of the Board, Chief Executive Officer, Kilroy Realty Corporation

14th Annual View From the Top: In-Depth Discussion of the Current and Future...

Wed, 15 Sep 2021 12:37:44 GMT

Aaron Fenton | Vice President, Development, Boston Properties

Matt Field | President, TMG Partners

Christopher Meany | Managing Partner, Wilson Meany

Jesse Blout | Founding Partner, Strada Investment Group

14th Annual View From the Top: CEO Panel: Discussion of Macro and Micro Real...

Wed, 15 Sep 2021 12:27:32 GMT

Owen D. Thomas | Chief Executive Officer and Director,
Boston Properties

Michael A. Covarrubias | Chairman and Chief Executive Officer, TMG Partners

14th Annual View From the Top: Allen Matkins/UCLA Anderson Forecast...

Wed, 15 Sep 2021 12:18:05 GMT

John M. Tipton | Partner, Allen Matkins

Allen Matkins/UCLA Anderson Forecast California CRE Survey Finds Developers...

Wed, 29 Jul 2020 00:00:00 GMT

In the wake of the current pandemic-induced economic recession, the Summer 2020 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows uniform pessimism and a drop in sentiment for developers across all commercial real estate spaces in 2023.

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Upbeat Corporate by JP Bianchini
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California CRE to Expand in 2022

Tue, 04 Feb 2020 13:30:35 GMT

The Winter 2020 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that although the economy is predicted to slow in 2020, developers’ views on most California commercial real estate in 2022 are optimistic, and they reflect an eagerness to get in on the ground floor of the next commercial real estate expansionary cycle. The biannual survey projects a three-year-ahead outlook for California's commercial real estate industry and forecasts potential opportunities and challenges impacting the office, multi-family, retail, and industrial sectors.

View more: http://www.allenmatkins.com/ucla

2019 View From the Top Overview

Wed, 25 Sep 2019 15:35:03 GMT

Look back at some of the best moments from the 2019 View From the Top event in Beverly Hills.

Tony Natsis, Partner, Allen Matkins
Spencer Kallick, Partner, Allen Matkins
Michael Van Konynenburg, President, Eastdil Secured, LLC
Curtis Leigh, Development Director, Hunter Properties, Inc.
John Kilroy, Chairman of the Board, President & CEO, Kilroy Realty Corporation
Derek "Deke" Hunter, President, Hunter Properties, Inc.
Howard Stern, Principal, Stern & Associates, LLC.
Crystal Lofing, Partner, Allen Matkins
Laurie Lustig-Bower, Executive Vice President, CBRE
Lydia Tan, Managing Director of Real Estate, Oakland Athletics
Marlene Nations, SVP & GC, LA Stadium & Entertainment District (LASED) at Hollywood Park
Christina Manville, Client Development, Lockton Insurance Brokers
Jack Sylvan, SVP of Development, Brookfield Properties
Kevin Shannon, Co-Head of US Capital Markets, Newmark Knight Frank
Jonathan Lange, VP, Boston Properties

Retail Markets Show Sign of Improvement

Wed, 31 Jul 2019 00:00:00 GMT

While retail continues to be the weakest asset in commercial real estate, the latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that after two years of pessimism in the Bay Area, the panel now reports that it is optimistic about 2022. In Southern California there remains general pessimism, but it is not as uniform across panel members as in previous surveys. This Survey shows that retail markets will see some improvement, particularly in the Bay Area, and there will be more opportunities down the line as retail’s brick-and-mortar capital continues to realign to meet 21st century needs. Learn more at https://www.allenmatkins.com/ucla

Office Market Expected to Surge in 2022

Wed, 31 Jul 2019 00:00:00 GMT

The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey tells us that after a predicted downturn in 2020, office space developers see a post-near recession demand surge that will improve rental and occupancy rates in 2022. All California markets are expected to improve, with the exception of Orange County as it is still struggling with an overhang of space and tepid job creation. Learn more at https://www.allenmatkins.com/ucla

Multi-Family Market Holds Steady in SoCal

Wed, 31 Jul 2019 00:00:00 GMT

The multi-family market has been tight since early in this economic expansion. There were no big swings in multi-family developer expectations for the next three years for Los Angeles, Orange County, and San Diego, according to the Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey. However, in the Bay Area, developers see 2022 as having worse economics than 2019. Bay Area developers have pulled back on new development in the last six months, with half of the panelists stating that they will not start a new project in the next 12 months. Learn more at https://www.allenmatkins.com/ucla

Industrial Market Stays Hot in California

Wed, 31 Jul 2019 00:00:00 GMT

Industrial markets continue to be where the action is in non-residential commercial real estate development, according to the Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey. Near the ports and the population centers, a densification of warehouses is beginning to occur, where multi-story buildings with productivity enhanced by robotics are becoming more prominent. Even though there is still technology development in process for high-rise warehouses, this appears to be what is driving values and optimism in the coastal areas. Learn more at https://www.allenmatkins.com/ucla

California CRE Upturn Coming in 2022, According to Survey

Wed, 31 Jul 2019 00:00:00 GMT

The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey reveals a more optimistic outlook than has been observed the last couple of years. The biannual survey projects a three-year-ahead outlook for California's commercial real estate industry and forecasts potential opportunities and challenges affecting the office, multi-family, retail, and industrial sectors. The positive prediction for 2022 development leapfrogs UCLA Anderson Forecast's prediction of a very weak economy through 2020 to its prediction of faster growth thereafter. The results indicate, that although construction activity is expected to slow down over the next 18 months, developers are already gearing up for the next CRE expansionary cycle. Learn more at https://www.allenmatkins.com/ucla

Industrial Remains Hot

Tue, 12 Feb 2019 23:52:31 GMT

Of the three major non-residential real estate markets, industrial space is the only market still trending upward. This is caused by the same online shopping trends that are hurting the retail market, as well as a continued increase in imports. In 2019, real personal income growth in California is expected to hold up and support the current industrial space expansion, which is dominated by warehousing and distribution centers.

Click here for more videos and to download the Survey.

Multi-Family Market Outlook Mixed

Tue, 12 Feb 2019 23:52:23 GMT

The multi-family market sentiment is decidedly mixed. In the Bay Area over the next three years, occupancy rates are expected to creep down and rental rates are expected to outpace inflation. Three quarters of our panelists plan on starting new Bay Area projects in 2019 and over half expect to start multiple projects. However, the expected slowing of job growth coupled with new building signals the end of increasingly tight Bay Area housing markets.

Click here for more videos and to download the Survey.

Online Sales Keep Retail Market Down

Tue, 12 Feb 2019 23:52:15 GMT

The current survey extends the recent stretch of pessimism about future retail markets—panelists indicate that occupancy rates are expected to continue to deteriorate through 2021. This has occurred in spite of good job growth, rising incomes, and more than three percent GDP growth. While new retail for housing, office, and hospitality projects provides niche opportunities in this space, there is just too much capital in brick-and-mortar retail. Overall retail sales in the U.S. have increased at a 5.3 percent annual rate over the past year, but net store closings and traditional shopping mall stress remain prevalent due to the shift from brick-and-mortar to online shopping, resulting in too much aggregate space in retail markets. Between the last two surveys, internet sales have grown at a 10.7 percent rate, twice that of total retail sales growth. As such, a net 2,900 store closings nationwide occurred in 2018. This is a phenomenon likely to continue for at least the next three years.

Click here for more videos and to download the Survey.

Office Market Sentiment Weakens

Tue, 12 Feb 2019 23:50:50 GMT

Sentiment for all six office markets in California surveyed – including the Bay Area, Silicon Valley, and Southern California – has dropped as of late. Results indicate these markets have peaked and are entering a more moderate part of the cycle over the next two years. In the Bay Area, although developers are not suggesting an immediate cut-back in their development activity, predictions for the next two years see a cooling down of the market. Similarly, Southern California panelists indicate an increase in weakness between now and 2021. While actual and planned building is currently higher, developers see rental rates being eroded by inflation and vacancy rates increasing from today.

Click here for more videos and to download the Survey.

California Real Estate Market Remains Strong

Tue, 12 Feb 2019 23:50:34 GMT

The Winter/Spring 2019 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that despite the recent uncertainty in the stock market, increasing cap rates, and slower economic growth, developers’ views on California commercial real estate markets have not changed much from six months ago. The biannual survey projects a three-year-ahead outlook for California's commercial real estate industry and forecasts potential opportunities and challenges affecting the office, multi-family, retail, and industrial sectors. Following the trends of the past two years, industrial space remains hot despite the economy’s fluctuations, multi-family housing remains strong in most markets, office has reached its peak, and retail markets continue to struggle.

Click here for more videos and to download the Survey.

SoCal Power Women

Thu, 20 Dec 2018 12:26:03 GMT

View From the Top: 2018 Market Trends

Sun, 28 Oct 2018 16:19:52 GMT

Watch as California industry leaders discuss 2018 and 2019 market trends and get a glimpse of upcoming projects. Panelists include:

Tony Natsis – Partner, Allen Matkins
Kevin Ratner- President, Forest City West
Jason Gannon – Managing Director, LASED at Hollywood Park, The Kroenke Group
David Kelly – General Counsel & VP, Golden State Warriors
Aaron Fenton – Senior Project Manager, Boston Properties
John Kilroy – Chairman of the Board, President & CEO, Kilroy Realty Corporation
Stephen Rosetta – Executive VP & Chief Investment Officer, Kilroy Realty Corporation
R. Todd Doney – Vice Chairman, CBRE-Los Angeles
Scott Stafford – Co-founder & Principal, Strada Investment Group
Kevin Shannon – President, West Coast Capital Markets, Newmark Knight Frank
Steve Briggs – Principal & Chief Investment Officer, LBA Realty
Alain R'bibo – Partner, Allen Matkins
Jonathan Lange – Vice President, Boston Properties

2018 View From the Top Overview

Sun, 28 Oct 2018 16:19:36 GMT

Look back at some of the best moments from the 2018 View From the Top event in Beverly Hills. Plus, hear commentary from industry leaders about what can be expected at the end of 2018 and in 2019.

Tony Natsis – Partner, Allen Matkins
David Osias – Managing Partner, Allen Matkins
Michael Van Konynenburg – President, Eastdil Secured, LLC
Laurie Wixted – Principal, The Wixted Group
Tracy Murphy – EVP, Life Science, Kilroy Realty Corporation
John Kilroy – Chairman of the Board, President & CEO, Kilroy Realty Corporation
Crystal Lofing – Partner, Allen Matkins
Gerry Rodrigues – Client Development, Southwest Region, Gafcon, Inc.
David Kelly – General Counsel & VP, Golden State Warriors
Jason Gannon – Managing Director, LASED at Hollywood Park, The Kroenke Group
Kevin Ratner – President, Forest City West
Aaron Fenton – Senior Project manager, Boston Properties
Kevin Shannon – President, West Coast Capital Markets, Newmark Knight Frank
Paul Najar – General Counsel, Gafcon, Inc.
Jeff Friedman – Co-Founder, Mesa West Capital

New California Prop 65 Warnings in Effect August 30, 2018

Tue, 21 Aug 2018 08:52:38 GMT

As of August 30, 2018, businesses will be subject to new warning requirements under the California Safe Drinking Water and Toxic Enforcement Act (aka Prop 65). The Prop 65 regulatory amendments, adopted in 2016 and effective August 30, 2018, provide new guidance for providing both generic and tailored warnings for various types of chemical exposures. The Amendments will significantly change the warnings already required at many commercial establishments such as multi-tenant commercial office buildings, restaurants, hotels, parking lots, industrial facilities, and vehicle repair and service stations. Recently proposed regulations may soon require specific warnings for rental properties as well.

Allen Matkins/UCLA Anderson Forecast Summer/Fall 2018 California Commercial...

Tue, 24 Jul 2018 23:20:38 GMT

The Summer/Fall 2018 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that despite tax cuts and incentives, tariffs, higher interest rates, higher cap rates, and slowing employment growth, the outlook for California commercial real estate looks much the same as it did six months ago. The biannual survey projects a three-year-ahead outlook for California's commercial real estate industry and forecasts potential opportunities and challenges affecting the Office, Multi-Family, Retail, and Industrial sectors.

Multi-Family Markets Continue to Grow

Tue, 24 Jul 2018 23:20:30 GMT

Developer expectations in the Multi-Family market have remained steady since the last report in January. In the Bay Area, even though the survey panel predicts that the market will be slightly softer in three years, approximately 80 percent of all developers have plans to start at least one new project this year—a 63 percent increase from last year. Demand remains strong in Southern California, where three-fourths of the survey panelists are planning new projects.

Retail Markets Continue to Struggle

Tue, 24 Jul 2018 23:20:21 GMT

As the survey results reflected last cycle, Retail continues to be the weakest sector in commercial real estate. Developer sentiment is the same or lower in five of the six markets studied as compared to one year ago, with the exception of Silicon Valley.

Survey Finds Office Markets Topping Out

Tue, 24 Jul 2018 23:20:13 GMT

As previous analyses of the Office market have predicted, the latest survey has confirmed that the apex of the market has been reached for this cycle. This is true in both the Bay Area and the three Southern California markets, where survey participants say that office rental rates are as high as they will be for the foreseeable future on an inflation adjusted basis.

California Industrial Markets Remain Hot

Tue, 24 Jul 2018 23:19:56 GMT

With low vacancy rates and increasing freight movement, it is not a surprise that the survey's panelists are optimistic about the next three years, both in the East Bay and San Joaquin and Sacramento counties. The same optimism applies to Southern California, where warehouse demand in the next three years is predicted to be just as strong as, if not better than, today.

Multi-Family Markets Continue to Grow

Tue, 24 Jul 2018 17:00:00 GMT

Allen Matkins and Kennedy Wilson Partner to Help Navy SEAL Foundation in...

Thu, 22 Mar 2018 10:15:55 GMT

Allen Matkins partnered with our long-time client Kennedy Wilson to secure new office space for the Navy SEAL Foundation in the limited marketplace of Coronado, California. The new space will allow the Navy SEAL Foundation, based in Virginia, to have a location on the West Coast to assist the Naval Special Warfare community and its families.

Retail Market Needs to Adjust to Change in Consumer Behavior

Tue, 30 Jan 2018 19:26:51 GMT

Though the tax overhaul was supposed to spur higher returns of investment throughout commercial real estate sectors, that does not seem to be the case in retail development. In fact, the panelists in each of the six California regions surveyed are more pessimistic now than they were before the tax bill passed. Though there have been reports of a strong holiday buying season for brick-and-mortar retail establishments this year, e-commerce and online retail business led by Amazon Prime is growing at a much higher rate. This trend continues to cause the closings of many California stores, including retailers Sears, Kmart, Walmart, Kitson and Macy's, despite the fact that the economy continues to grow. Learn more: www.allenmatkins.com/ucla

E-Commerce Continues to Fuel Industrial Market

Tue, 30 Jan 2018 19:26:31 GMT

Though last June’s panel saw the Bay Area industrial market as being at its peak, events since then, including expected consumer spending increases due to the tax overhaul, have led the panelists to now conclude that will not be enough industrial space in three years, and that today’s high occupancy rates will hold or continue to rise. In turn, rental rates will increase in step with the lack of available space. In addition to import logistics, increased warehouse space will continue to be demanded by e-commerce firms. This demand has slowed a bit from its recent peak, but it is still very high throughout Southern California. With high occupancy rates and an improvement in market conditions, panelists predict an increase in rental rates and a market that will continue to drive new industrial structure construction. Learn more: www.allenmatkins.com/ucla

Multi-Family Housing Developer Activity Increasing

Tue, 30 Jan 2018 19:26:12 GMT

Unlike retail, multi-family is performing well for investors. Consequently, permits for new units rose by 12.8 percent from the previous year. Developer activity falls in line with this outlook. In both the Bay Area and Southern California, many more developers have plans to start new projects this year than last year. Vacancy rates throughout Southern California are expected to remain the same or slightly increase throughout the rest of the decade. Learn more: www.allenmatkins.com/ucla

West Coast Office Market Envy of the Nation

Tue, 30 Jan 2018 19:25:56 GMT

West Coast late cycle's been very popular with institutional capital. Capital wants to follow and be in the markets where those tech and entertainment tenants are causing tremendous office market rent growth. The entertainment and tech industries con-tinue to grow in the Los Angeles region in response to robust demand for gaming, streamed content, and television pro-gramming, and due to critical mass being achieved in Silicon Beach. The L.A. panel did not view the office products in the pipeline as sufficient to meet all of the expected demand two years ago and they are of the same mind today. The obvious conclusion is that rates of return are high enough in L.A. and increasing them with more generous taxation has not changed investment decisions. Learn more: www.allenmatkins.com/ucla

Tax Overhaul Favors Commercial Real Estate

Tue, 30 Jan 2018 19:24:54 GMT

The Winter/Spring 2018 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey reflects the favorable changes to the CRE market caused by the recent federal tax overhaul. The tax bill is expected to increase the rate of return on commercial real estate and makes investment more attractive. Survey participants predict it will cause moderate though uneven growth. The biannual survey projects a three-year-ahead outlook for California's commercial real estate industry and forecasts potential opportunities and challenges affecting office, multi-family, retail and industrial sectors. Learn more: www.allenmatkins.com/ucla

Allen Matkins View From the Top: Interview with Kevin Shannon of Newmark...

Fri, 10 Nov 2017 16:00:00 GMT

2017 View From the Top interview with Kevin Shannon, President, West Coast Capital Markets, of Newmark Knight Frank. He discusses the the hottest markets for office.
Learn more: http://www.allenmatkins.com/vftt

Women of Influence 2017

Tue, 26 Sep 2017 17:00:00 GMT

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View From the Top Highlights 2017

Tue, 19 Sep 2017 17:00:00 GMT

Relive the greatest moments of View From the Top 2017 and hear comments from some of the attendees. Get a glimpse of what to expect at the end of 2017 and in 2018.
View more: http://www.allenmatkins.com/vftt

Allen Matkins View From the Top: Interview with John Kilroy of Kilroy...

Thu, 14 Sep 2017 17:00:00 GMT

2017 View From the Top interview with John Kilroy, Chairman of the Board and Chief Executive Officer of Kilroy Realty Corporation. He discuses the demand for office campuses; demand for office space in San Francisco; and the importance of attractive workplace environments.
Learn more at http://www.allenmatkins.com/vftt

Allen Matkins View From the Top: Interview with Darla Longo of CBRE

Thu, 14 Sep 2017 17:00:00 GMT

2017 View From the Top interview with Darla Longo, Vice Chairman, of CBRE. She discusses the continued success of industrial markets in California, and the convergence of industrial and e-commerce markets.
Learn more at http://www.allenmatkins.com/vftt

Office Space Markets Continue to Trend Down

Tue, 01 Aug 2017 17:00:00 GMT

Developer sentiment for all northern California markets has been declining since at least June of 2016, and the latest survey provides continued evidence of a downturn in the office market space. Office developers in San Diego and Orange County have now entered the negative zone from the recent survey, partly due to panelists' less than confident outlook on the ability of rents to keep up with inflation, and for occupancy to remain at its current high level. Though slightly more Bay Area projects were started in the last 12 months than the panel anticipated last June, only 38 percent are looking at starting new projects in the next year. In Orange County, the expectation is for rental rates to hold their inflation adjusted values, while occupancy rates fall. To keep occupancy rates up, landlords would need to push down rental rates further. In San Diego, the expectation is for both to fall along with inflation adjusted land prices. Thus, as with the Bay Area, the index predicts a downturn in office construction in all but the Los Angeles market over the forecast horizon.

The outlook in Los Angeles is decidedly more optimistic, although less so than two years ago. The difference between L.A. and the other California cities is Hollywood and Silicon Beach. The entertainment and tech industries continue to grow in the Los Angeles region in response to robust demand for gaming, streamed content, television programming and critical mass being achieved in Silicon Beach. The L.A. panel does not view the office products in the pipeline as sufficient to meet all of this demand. Consequently, their expectation is for rents and occupancy to increase through 2020.

Job Growth Continues to Fuel Multi-Family Housing

Tue, 01 Aug 2017 17:00:00 GMT

Six months ago, it looked as though multi-family development at the mid- to high-end had reached a peak and that land and building prices had edged out lower end projects. This still seems to be the case, at least for more modestly priced apartments, but sentiment reversed itself in the current survey. California continues to be a leader in job and income gains which allows for an increase in rents and a stronger outlook for occupancy rates. Multi-family developers now see opportunities in new projects for the coming three years in every market.

Retail Market Hanging On to Redevelopment and Mixed-Use

Tue, 01 Aug 2017 17:00:00 GMT

In virtually every market in California, panelists see 2020 as worse than today, and this comes on top of the recent increase in vacancies. In the Bay Area, a little over a third of the panelists did some retail development last year and just over half are planning on developing some this year. In Southern California, 40 percent of retail developers are opting not to start a new project in the coming 12 months. The few retail development projects planned will most likely be redeveloping existing space or be a component of mixed-use projects.

Scorching Industrial Markets Now Just 'Hot'

Tue, 01 Aug 2017 17:00:00 GMT

Sentiment about the next three years in industrial markets has abated somewhat, but only because this has been the hottest market and building-gone-wild has been seen throughout the state. E-commerce will continue to drive a hot market for warehouse space, just not quite as searing hot as before.

California Commercial Real Estate Growth Expected to Slow

Tue, 01 Aug 2017 17:00:00 GMT

The Summer/Fall 2017 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that broad segments of the market will be slowing down in the coming years. The biannual survey projects a three-year-ahead outlook for California's commercial real estate industry and forecasts potential opportunities and challenges affecting office, multi-family, retail and industrial sectors. Though unemployment has dropped and income and spending are increasing, there is an ebbing of market optimism about the future from developers, which should lead to a slowing of development.

Jeffrey Moore

Mon, 27 Mar 2017 17:00:00 GMT

Lindsay Parton

Mon, 27 Mar 2017 17:00:00 GMT

2013 Allen Matkins View From The Top Overview

Mon, 27 Mar 2017 17:00:00 GMT

The Sixth Annual Allen Matkins View From the Top featured industry leaders who provided a review and forecast on the national real estate industry.

2013 Allen Matkins View From the Top - John B. Kilroy, Jr., Kilroy Realty...

Mon, 27 Mar 2017 17:00:00 GMT

Behind the scenes with John B. Kilroy, Jr. of Kilroy Realty Corporation at the 2013 Allen Matkins View From the Top.

Bisnow/Allen Matkins San Diego Multifamily - Mark Gleiberman, MG Properties...

Mon, 27 Mar 2017 17:00:00 GMT

CMPC - One of a Kind

Wed, 22 Mar 2017 17:00:00 GMT

The California Minority Counsel Program (CMCP) is a California 501(c)(6) non-profit mutual benefit corporation, dedicated to promoting diversity in the legal profession by providing attorneys of color with access and opportunity for business and professional development.

CMCP is the only state-wide organization that brings business lawyers of all races together as members and colleagues, regardless of the type of organization in which they practice, for the purpose of achieving diversity and inclusion within law firms and in-house law departments, and in the outside counsel spend of corporations and government agencies. See more: http://www.cmcp.org

View From the Top 2015: Overview

Mon, 06 Mar 2017 16:00:00 GMT

http://www.allenmatkins.com
Leaders of the commercial real estate industry addressed the current state of the market and the trends ahead at the 8th Annual Allen Matkins View From the Top.

BEN KOCHALSKI - View From the Top - Looking for Transit-Oriented Development

Mon, 06 Mar 2017 16:00:00 GMT

2016 View From the Top interview with Ben Kochalski, Senior VP, The John Buck Company

- Bay Area rent growth slowing down
- Excitement over Park Tower at Transbay in San Francisco

ROBERT PARRATE - View From the Top - Needs of Technology Tenants

Mon, 06 Mar 2017 16:00:00 GMT

2016 View From the Top interview with Robert Parrate, Executive Vice President, Kilroy Realty Corporation.

Parrate discusses:
- Demand for space in San Francisco
- Kilroy development projects

RAYMOND RITCHEY - View From the Top - Steady Demand, Especially for Best of...

Mon, 06 Mar 2017 16:00:00 GMT

2016 View From the Top Interview with Raymond Ritchey, Senior Executive Vice President, Boston Properties

Ritchey discusses upcoming projects

KEVIN SHANNON - View From the Top - Capital is Nervous

Mon, 06 Mar 2017 16:00:00 GMT

2016 View From the Top interview with Kevin Shannon, President, Newmark Grubb Knight Frank.

Points:
- The market is nervous because the recovery has gone on so long
- Vacancy rates are going down

View From the Top 2016: Highlights

Mon, 06 Mar 2017 16:00:00 GMT

Allen Matkins Challenges Community Colleges Over Foster Youth Restrictions

Tue, 31 Jan 2017 16:00:00 GMT

Multi-Family Residential Markets: Too Much Housing?

Tue, 31 Jan 2017 16:00:00 GMT

While there have been limited new building permits for homes, California has been overbuilding high-end, multi-family housing. This has occurred both because job growth in tech has generated more high-income earners, and the cost of land in the coastal cities and the cost of the building process pushes builders away from low-to-no-margin apartments, except in less expensive parts of the state. As a result, Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows signs of a softening in the multi-family market.

California Commcercial Real Estate Unchanged Following Election

Tue, 31 Jan 2017 16:00:00 GMT

The Winter/Spring 2017 Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey, taken entirely after the November 8th election, shows no discernable economic shift, despite Hillary Clinton being the heavy favorite among state residents. The biannual survey projects a three-year-ahead outlook for California's commercial real estate industry and forecasts potential opportunities and challenges affecting office, multi-family, retail and industrial sectors. Observations from 2016 remained unchanged, and the natural cycle in commercial real estate appears to be running its course somewhat independent of the presidential contest.

Industrial Markets Remain on Fire

Tue, 31 Jan 2017 16:00:00 GMT

The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey of industrial space developers indicates little change in sentiment compared to last year. Industrial markets, particularly the warehouse segment, remain on fire. This optimism, expressed in each of the regions surveyed, continues to be manifested in new building. With extremely low vacancy rates at present and an optimistic view by developers, the building boom should continue through at least 2019.

Experience-Shopping Trends Still Driving Retail

Tue, 31 Jan 2017 16:00:00 GMT

http://www.allenmatkins.com/ucla
For the past several years, retail has been undergoing a profound change from distribution conduits to experience-shopping venues. Online purchases shift retail demand from brick and mortar distribution to warehouse distribution systems, and with the continued strength in industrial space, one would expect developers to have a negative sentiment towards retail. Yet, the Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey only observes strong pessimism in Los Angeles and Orange County. The answer for the other regions may lie in recent increases in spending power in the Bay Area and San Diego, the increases in home construction, and a general move towards experience-based retail.

More Evidence of Office Markets Topping Out

Tue, 31 Jan 2017 16:00:00 GMT

The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey provides continued evidence of a new topping out in the office market space. For each of the six California regions surveyed, the trend in positive developer sentiment—which peaked in the middle of 2014—has weakened, indicating we are experiencing the end of the office boom. Developers have become more pessimistic about real rental rate growth and vacancy rates. However, pessimistic sentiment does not mean office space demand is imploding. Rather, it says that one ought not expect it to be more robust in 2019 than it is today.

San Francisco's New Fully Paid Parental Leave Ordinance Goes Into Effect...

Tue, 20 Sep 2016 17:00:00 GMT

US Supreme Court Decision Helps Developers in Wetland Permitting

Fri, 29 Jul 2016 17:00:00 GMT

http://www.allenmatkins.com
In a major new legal development for the Clean Water Act's Section 404 wetlands permitting program, landowners can now challenge the federal government's claim that areas targeted for fill are "waters of the United States" without first having to seek a permit to fill those waters, according to the Supreme Court's decision issued in United States Army Corps of Engineers v. Hawkes Co., Inc., No. 15-290 (U.S. May 31, 2016) (Hawkes).

Office and Retail Show Topping Out While Multi-Family and Industrial Continue...

Tue, 19 Jul 2016 17:00:00 GMT

The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey signals that California commercial real estate continues its boom, but as U.S. economic growth slows, there are signs of this boom topping out. Commercial real estate fundamentals improve with increases in employment and income and a slowing of the growth of these is potentially of concern. The biannual survey projects a three-year-ahead outlook for California's commercial real estate industry and forecasts potential opportunities and challenges affecting office, multi-family, retail and industrial sectors.

Online Purchases Force Retail Markets into Dramatic Transformation

Tue, 19 Jul 2016 17:00:00 GMT

http://www.allenmatkins.com/ucla
The 2016 Summer/Fall Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey found that retail is undergoing a profound change from distribution conduits to experience-shopping venues. In each of the markets polled, retail space sentiment was positive, but not quite as positive as indicated in the previous six months. Retail is currently being driven by two factors: new construction of retail spaces to support the booming multi-family market, and renovations of existing high quality malls from brick-and-mortar stores to experience venues.

E-commerce and Warehouse Space Driving a Boom in Industrial Markets

Tue, 19 Jul 2016 17:00:00 GMT

http://www.allenmatkins.com/ucla
The 2016 Summer/Fall Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey found that industrial markets, particularly the warehouse segment, remain on fire. This optimism, expressed in each of the markets surveyed, continues to be manifested in new building. With extremely low vacancy rates at present and an optimistic view by developers, the building boom should continue through at least 2019.

Strong Demand for Multi-Family Shows No Sign of Slowing

Tue, 19 Jul 2016 17:00:00 GMT

The 2016 Summer/Fall Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey found multi-family developer optimism has remained strong and consistent over the previous four years it has been included in the Survey. The current economic expansion reflects a shift in tastes from primarily single-family housing to a balanced mix between single-family and multi-family housing. Though overall residential construction has remained at depressed levels in the State, multi-family construction has rebounded sharply. The Survey anticipates a 25-year high in multi-family construction during the next three years. Unlike office space, there is no evidence of a slowdown in new multi-family development.

Office Market in Bay Area Showing First Signs of a Turn

Tue, 19 Jul 2016 17:00:00 GMT

The 2016 Summer/Fall Allen Matkins/UCLA Anderson Forecast California Commercial Survey presages a new topping out of the market for office space in the future. For each of the six markets surveyed (San Francisco, the East Bay, Silicon Valley, Los Angeles, Orange County and San Diego), the trend in office developer sentiment since its peak in 2014 has declined. This downward trend occurs as developers become more pessimistic about the growth of real rental rates and vacancy rates.

Allen Matkins Pro Bono: Emily Murray

Tue, 02 Feb 2016 16:00:00 GMT

Allen Matkins Pro Bono Committee Chair, Emily Murray discusses the firm's commitment to the community through the pro bono program and the variety of pro bono cases our attorneys are handling.

Allen Matkins Pro Bono: Adoption Day 2015

Tue, 02 Feb 2016 16:00:00 GMT

Allen Matkins attorneys assist adoptive parents during a day-long pro bono adoption effort in Los Angeles.

Survey Reveals Surprising Growth in Retail and the East Bay

Wed, 27 Jan 2016 16:00:00 GMT

http://www.allenmatkins.com/ucla
The 2016 Winter/Spring Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey signals continued confidence among developers through 2018–indicating both the probability of new supply and of opportunities for new investment. The Survey, taken by California's commercial real estate industry leaders in December 2015, indicates continued optimism with only a smattering of caution with respect to the continuation of the current run.

Online Shopping Driving Demand and Redefining Industrial

Tue, 26 Jan 2016 16:00:00 GMT

The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey's outlook in the industrial markets for manufacturing and warehousing facilities that support exports to Asia and Mexico, and consumer goods imported from Asia. Seventy-five percent of both the Southern California and the Bay Area industrial developer panels are planning one or more new projects in 2016. This comes on the heels of 66 percent having started at least one new development project during the past 12 months.

Office Optimism Tempered with End of Cycle Predictions

Tue, 26 Jan 2016 16:00:00 GMT

The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey's found a majority of office developers had a promising outlook on California’s coastal cities. Sentiment in the office space market remains highest in Southern California, likely due to the increased rate of job growth in the region and a tightening of office space supply. One in three of the Southern California panelists, including those from Los Angeles, Orange County and San Diego, began a new project during the previous 12 months, up significantly from less than one out of four surveyed in June 2015. Looking ahead, 42 percent of those surveyed in Southern California indicated that they would start one or more projects within the next 12 months.

Survey Reveals Surprising Growth in Retail and the East Bay

Tue, 26 Jan 2016 16:00:00 GMT

The 2016 Winter/Spring Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey signals continued confidence among developers through 2018–indicating both the probability of new supply and of opportunities for new investment. The Survey, taken by California's commercial real estate industry leaders in December 2015, indicates continued optimism with only a smattering of caution with respect to the continuation of the current run.

Profound Growth in Retail Despite Online Shopping Rise

Tue, 26 Jan 2016 16:00:00 GMT

The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey found retail development has surprisingly shown steady growth across all markets. While ecommerce continues to be a growing trend among consumers, the Survey’s positive sentiment suggests developers have realized the most successful retail centers are those that offer consumers enticing dining options, entertainment and a wide variety of merchandisers, many of which are resorting to utilizing smaller retail space. Two-thirds of the Survey's panelists stated that they were planning new retail construction in the coming 12 months, in addition to half of the panelists who stated they started at least one retail project in 2015.

No Sign of Slowing in Multi-Family Boom

Tue, 26 Jan 2016 16:00:00 GMT

The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey found multi-family developer certainty has remained strong and consistent over the two years the survey has been conducted for this sector. The outlook for multi-family construction is for a 25-year high to be reached during the next three years.

2015 Northern California Real Estate Women of Influence

Mon, 09 Nov 2015 16:00:00 GMT

Allen Matkins and San Francisco Business Times proudly sponsored the 2015 Northern California Real Estate Women of Influence, held at the Intercontinental in San Francisco. The event honored women who have broken gender boundaries by making significant impacts in commercial real estate, and have contributed to the advancement of other women in this very competitive industry—from seasoned Hall of Fame inductees to up-and-coming industry Rising Stars.

ULI | Allen Matkins Capital Markets Roundtable

Tue, 06 Oct 2015 17:00:00 GMT

The first ULI | Allen Matkins Capital Markets Roundtable was held at the 2015 ULI Fall Conference. The Roundtable convened top leaders in international capital markets as well as the users of that capital. The Roundtable was emceed by Allen Matkins Co-Founding Partner, Mike Matkins, and included a keynote by Eastil Secured's CEO, Roy March.

The event included a Foreign Capital Panel that included, Ifei Chang, CEO & President, Greenland US Holding Companies; Mike Hu, SVP Capital Markets, Gaw Capital Partners; Jonathan Epstein, Principal, GreenOak Real Estate; Lew Horne, President, Greater Los Angeles, CBRE; and Tony Natsis, Partner, Allen Matkins.

The investor panel included Dennis Lopez, Global CIO AXA Real Estate; Simon Treacy, Managing Director, BlackRock Real Estate; John Brady, Managing Director and Portfolio Manager, Oaktree Capital Management; and John Tipton, Partner, Allen Matkins.

Allen Matkins View From the Top - John Kilroy, Kilroy Realty Corporation

Mon, 21 Sep 2015 17:00:00 GMT

Allen Matkins View From the Top - Christopher Meany, Wilson Meany

Mon, 21 Sep 2015 17:00:00 GMT

Allen Matkins View From the Top - Steve Eimer, Related Urban

Mon, 21 Sep 2015 17:00:00 GMT