Tag Archives: Aerospace

The future of manufacturing in California

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California ranked #1 in United States for manufacturing output

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Recent legislation and technological evolution have sparked a renaissance within the manufacturing sector in California. It’s now ranked first in the United States for manufacturing jobs, numbers of firms and gross output—accounting for 11.4 percent of the total U.S. output in… Read More

Santa Clarita Valley office market vacancy increases as industrial decreases

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2013-House-Ryan-LABJVice President Ryan House shared his thoughts with the Los Angeles Business Journal on the Santa Clarita Valley office market. Lingering at one quarter vacant for a long time, the market’s asking rates had declined to $2.27 by the end of 2012. This has produced an opportunity for tenants interested in reducing rent costs while… Read More

Aerospace industry impacts vacancies in South Bay office and industrial markets

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2013-03-Solomon-Steve-headshotManaging Director Steve Solomon was recently interviewed by the Los Angeles Business Journal on the uptick in office and industrial vacancies in the South Bay. The ongoing reduction in the federal defense budget means aerospace companies will continue to consolidate and downsize. The unemployment rate in the South Bay is currently above 10 percent.

On a positive note,… Read More

Hotels: Market in LA is strong and getting stronger

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John Strauss, Managing Director, Hotels, discusses his outlook on the local hotel market in an exclusive thought leadership video highlighted on GlobeSt.com. John estimates another year of RevPAR growth in the range of five to ten percent. This is on top of two years of double digit RevPAR growth rates.

Strauss_John-Hotels-market-in-LA-2013-video-screenshotRead More