14Sep

The ±4.37 industrial site is now on the market for sale at $16,180,000, multifamily possible as well.

  • ±4.37 Acres of Land
  • Mixture of Zoning by Parcel (Majority of M1)
  • MidTown Segment (2 Parcels) ; and SB 330 (1 Parcel)
  • 70 Units Per Acre (306 Total) Low Income Housing Possible
15Aug

The ±10,208 Industrial Building Recently sold in the Highly Sought-After Long Beach Business Park

Listed for Sale by Ron Mgrublian and Jeff Coburn, the ±10,208 SF Long Beach Warehouse property recently sold. 

The Long Beach Industrial Submarket vacancy rates remain 41% below those of the Los Angeles Industrial Market, CoStar has the average Long Beach Market Sale Price at $367 PSF.

Ron Mgrublian is a Commercial Real Estate Broker focusing on Industrial Real Estate and Warehouse Properties with the Lee & Associates Los Angeles – Long Beach, Southern California office.

20Jul

The 2023, 2nd Quarter Industrial Real Estate Market report for the San Gabriel Valley, submarket of the LA Industrial Market.

The San Gabriel Valley Industrial Market remains robust.

18Jul

The 2nd Quarter 2023 Los Angeles - Long Beach Industrial Real Esate Market Report

Every key metric typically used to measure the health of the economy is performing well right now. GDP grew by 2.0% in Q1, and it is estimated to grow by 2.3% in Q2 by the Atlanta Fed . In terms of employment, over the last year the U.S. added 3.8 million jobs and now has an unemployment rate of 3.6%. With regard to inflation, both headline and core inflation are
trending downward. The Consumer Price Index (CPI) rose by 3% year-over-year in June and 0.2% for the month, below consensus estimates of 3.1% and 0.3%. This was the lowest rate of inflation since March 2021. And core inflation, which excludes food and energy prices, rose by 4.8% year-over-year and 0.2% for the month. The annual core inflation level was
the lowest since October 2021, and its monthly gain was the smallest gain since August 2021.

Most economists, forecasters, and business leaders are anticipating that the Fed will continue to raise rates throughout the year until it reaches its target inflation rate. For this reason, most forecasters still believe a mild and shallow recession is likely within the next twelve months. However, a significant minority are anticipating that the US economy will avoid a recession altogether. For example, in its latest forecast, the National Association of Realtors has the economy growing slowly every quarter throughout 2023 and projects the economy to grow by 1.1% for the whole year. 

Regardless of one’s stance on this issue, it is indisputable that the industrial market is in a favorable position to weather most headwinds the economy might face. Total retail sales grew by 1.6% in May 2023 compared to the same period a year ago , and as a percentage of total sales, e-commerce retail sales (one of the key drivers of the industrial sector) now stand at 15.1% – 3.9 percentage points higher than where it stood at its peak prior to the pandemic in Q4 of 2019. With this said, available space continues to increase and there has been a growing sentiment regarding a shift in negotiating power from Landlords to Tenants

28Jun

The ±39,600 SF fenced yard at 1910 Huntington Dr in Upland, California has leased!

• Fenced yard

• Light Industrial uses

• Water and power available

• Prior Tenant Parked Trucks

• Close to 10 and 210 Freeways

22Jun

The Industrial property at 16400 Garfield Ave in Paramount, CA has leased!

Large Fenced and Paved Gated Yard

Dock High Loading

14'-17' Clear Height

Free Standing Building

High Visibility

Close to 91 & 710 Freeways

06Apr

±111,078 SF fenced and paved yard for lease in Unincorporated San Bernardino County in the Inland Empire West.

• Truck and Container Storage Possible

• ±1,500 SF Building• Fenced and Secured Yard

• Unincorporated San Bernardino County

• Close Proximity to 10, 71, and 60 Freeways

14Feb

The Los Angeles - Long Beach Industrial Real Estate Market Report for the fourth quarter of 2022.

The Los Angeles industrial real estate market is one of the most active and sought after in the United States. It is a diverse market, ranging from smaller facilities to large, modern distribution centers. The demand for industrial space in Los Angeles has remained strong due to the city's strategic location, growing population, and thriving economy. The Los Angeles industrial real estate market has also benefited from the rise of e-commerce, as online shopping has led to an increased demand for warehouse and distribution facilities. While the COVID-19 pandemic has had an impact on many industries, the industrial sector has remained resilient, with strong leasing activity and a stable vacancy rate. Overall, the Los Angeles industrial real estate market presents many opportunities for investors, developers, and tenants alike. 

The Los Angeles industrial real estate market in the fourth quarter of 2022 was strong, with robust demand and limited supply leading to higher rental rates and lower vacancies. The e-commerce sector continued to drive demand for warehouse and distribution space. Overall, the market was characterized by a favorable balance between supply and demand, with positive outlook for the future.

31Jan

Ron Mgrublian of Lee and Associates Los Angeles – Long Beach and Ed Matevosian of CBRE represented the buyer Hawk Eye Holdings, LLC.

Pomona, January 27, 2023—Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a sales transaction for a 288,195 industrial building located 2875 Pomona Boulevard, Pomona, California. This property was the largest industrial real estate transaction in Pomona in 2022.  

 More...

Continued upward trends in sale prices and lease rates for commercial properties in the Southern California market.

$44.39 price per square foot increase in sale prices and $0.37 psf (monthly) increase in lease rates year over year Q1 2022.  Click below for full report.

05Aug

The Industrial segment of the Los Angeles-Long Beach Commercial Real Estate Market continued to rocket up with large gains in lease rates and sale prices.

Already low vacancy rates shrunk to 1.1% as lease rates and sales prices continue their ascent. An unprecedented 20% growth in rent rates was experienced in Q2 of 2021 and average sale prices increase by 37%!  Click the below link for the full report.

07Apr

AIR has partnered with NAIOP to alert the Commercial Real Estate Community about new proposed taxes and regulations for Southern California warehouses.

Click the link here to learn more and to take action before May 7th to oppose these new proposed taxes and regulations on Southern California warehouses by the South Coast Air Quality Management District (SCAQMD).