SB9

Allen Matkins/UCLA Anderson Forecast California CRE Survey Shows Interest Rates and Uncertain Economy Weakens Outlook for Most Market Sectors

Retrieved on: 
Wednesday, February 8, 2023
Growth, SB8, Allen Matkins, Tenant, Environment, Optimism, SB9, LOS, Housing, UCLA, Commercial property, Retail

LOS ANGELES , Feb. 8, 2023 /PRNewswire/ -- The Winter 2023 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, released today, shows that commercial real estate developers, owners and investors have reverted to a less-than-confident outlook on the office sector as rental and occupancy rates continue to weaken. This sentiment is a departure from the optimism shared by many in the sector a year ago. The findings come as the commercial real estate industry continues to navigate rising interest rates, declining valuations and economic uncertainty, leading to a contraction in new commercial development across most asset classes.

Key Points: 
  • The Winter 2023 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, infographics, videos and related content are available for download on February 8, 2023, at 2:00 a.m. Pacific Time.
  • However, those expectations did not materialize according to the latest survey, as 2022's high interest rate environment impacted office market fundamentals.
  • The uncertain outlook on office space is also influencing sentiment about multifamily performance in metropolitan markets.
  • As such, interest rates and inflation won't create a huge impact on land use entitlements and development," says Spencer Kallick, partner at Allen Matkins.

Despite Economic Uncertainties, Tempered Optimism Prevails for California Commercial Real Estate, Says Allen Matkins/UCLA Anderson Forecast Summer Survey

Retrieved on: 
Wednesday, August 3, 2022
Optimism, Forecast, Bankruptcy, Absorption, UCLA Anderson School of Management, Index, PST, Master of Quantitative Finance, Industry, Natural Resources, Summer 2022 European Tour, Student, Research, San Francisco Bay Area, Industrialisation, Risk management, SB9, COVID-19, Allen, Master of Science in Business Analytics, News, Business analytics, Next, MBA, Workplace, UCLA-NUS Executive MBA, Management, Pessimism, Faculty, Housing, Growth, LOS, Employment, Financial engineering, Tourism, Real estate, Property management, Science

LOS ANGELES, Aug. 3, 2022 /PRNewswire/ -- The Summer 2022 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that 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.

Key Points: 
  • Meanwhile, optimism for industrial and multi-family markets remains, though at a more tempered pitch than was shown six months ago.
  • The biannual survey polls a panel of California real estate professionals to project a three-year-ahead outlook for California's commercial real estate industry and forecast potential opportunities and challenges affecting the office, multi-family, retail, and industrial sectors.
  • The Summer 2022 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, infographics, and related content are available for download here on August 3, 2022, at 2:00 a.m. PST.
  • The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey and Index polled a panel of California real estate professionals in the development and investment markets, on various aspects of the commercial real estate market.

SB 10 Gentrification Bill Unconstitutional - AHF Files Suit

Retrieved on: 
Thursday, September 23, 2021
Public Policy, Government, Legal, Construction & Property, State, Local, Other Policy Issues, Professional Services, Urban Planning, Residential Building & Real Estate, Human, Conference, HHR, Senate, Complaint, Local government, Legislation, ZOOM, Superior court, City, Sunset, Zoom, SB9, Organization, AHF, Online gambling, Public relations

The complaint, filed Wednesday, September 22nd in Superior Court of California County of Los Angeles ( Case No.

Key Points: 
  • The complaint, filed Wednesday, September 22nd in Superior Court of California County of Los Angeles ( Case No.
  • 21STCP03149 ) challenges the constitutionality of a provision in the bill intended to streamline the process for cities to zone for multi-unit housing.
  • Unlike zoning ordinances passed by local government, ordinances adopted by initiative measure may not be amended or repealed without a vote of the people.
  • We believe the provision is clearly unconstitutional and are therefore seeking to invalidate that provision and the entire law.

Canada adds two silver medals on Day 2 of Tokyo 2020 Paralympic Games - Tristen Chernove claims Canada's first silver in Para cycling

Retrieved on: 
Thursday, August 26, 2021
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Para cyclist Tristen Chernove (Cranbrook, BC) captured Canada's first silver medal of the Tokyo 2020 Paralympic Games, finishing second in the men's C1 3000m individual pursuit in the afternoon.

Key Points: 
  • Para cyclist Tristen Chernove (Cranbrook, BC) captured Canada's first silver medal of the Tokyo 2020 Paralympic Games, finishing second in the men's C1 3000m individual pursuit in the afternoon.
  • He now has four Paralympic medals to his name (one gold, two silver, and one bronze).
  • About the Canadian Paralympic Team: Canada is represented by 128 athletes competing in 18 sports at the Tokyo 2020 Paralympic Games, taking place August 24 to September 5.
  • About the Canadian Paralympic Committee: Paralympic.ca
    For interview requests with the athletes during the Tokyo 2020 Paralympic Games, please contact the specific sport media attach.