Long Beach Makes Move To Lure Angels Baseball Away From Anaheim
Nadel (leaderboard) LA PO 16990
February 26, 2019

Long Beach Makes Move To Lure Angels Baseball Away From Anaheim

Tom Gilmore to interview Related California CEO Bill Witte at Future of Downtown Los Angeles March 26.

How does the Long Beach Angels or the Los Angeles Angels of Long Beach sound?

With dreams of a downtown waterfront ballpark along the shores of the city, Long Beach Mayor Robert Garcia has begun preliminary discussions with Los Angeles Angels owner Arte Moreno to have him possibly move the Major League Baseball franchise 28 miles west from Anaheim to Long Beach.

“We are exploring the feasibility of a downtown sports venue on the Convention Center parking lot,” Garcia said in a statement to Bisnow. Garcia is referring to a vacant 13-acre site on Shoreline Drive adjacent to the convention center. "We…

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Rising Realty (Feb-2019) LA PO 16750
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EKA (Cannabis) SoCal PO 16881
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Electronics giant Samsung has opened its first retail store in Los Angeles at Caruso's The Americana at Brand in Glendale.

Samsung will now occupy 10K SF of retail space at the popular open-air retail and dining center. Samsung had previously operated a small pop-up store in the center. The terms of the deal were not disclosed.  The Samsung store features the…

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Bisnow (Hotel_3.14.19_MM) LA PO 14395
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The UK Economy Could Hinge On Whether Real Estate Investors Take Fright After Brexit

LONDON — It didn't garner much attention, but in a speech to Parliament the Bank of England's Alex Brazier made a quietly remarkable statement: a major plank of the UK economy has become reliant on the commercial real estate sector.

Last year, 60% of all foreign capital that came into the UK was investment into commercial property and leveraged loans, much higher than the long-term average, the Bank's executive director for financial stability strategy and risk told MPs

“We are reliant, as I think the governor said a few years ago, on the kindness of strangers,” Brazier said.

A reliance on the willingness of those strangers to buy UK offices, shops and blocks of flats, he could have added.

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Seattle Hotel Execs To New York: Thank You

SEATTLE — "Thank you, New York."

The comment came from Vibrant Cities co-founder and CEO James Wong, but the sentiment was universal at Bisnow's recent event in Seattle.

Wong is referring to New York's negative reaction to Amazon's decision to build one of its 25,000-employee HQ2s there. Amazon opted to withdraw its plans after strong pushback from the city.

Here in Seattle, the job market continues to gain strength, which fuels the local economy and ultimately makes this city a good place to plant new hotels.

The Big Apple's loss is Puget Sound's gain. Rather than launching another big search for another HQ2 site, many people in Seattle expect that the company will just spread out into the local familiar territory, especially in Bellevue where the tech giant currently leases more than 1M SF and is expected to take 3.9M SF of office space. That would rival the company's plans for its Washington, D.C., site.

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Beyond The Bio: 16 Questions With JPX Works Founder Jarel Portman

This series profiles men and women in commercial real estate who have profoundly transformed our neighborhoods and reshaped our cities, businesses and lifestyles. 

To say Jarel Portman has a real estate pedigree would be an understatement.

His father is the late John Portman, renowned architect and founder of the development empire Portman Holdings, whose projects spanned skylines from its hometown of Atlanta all the way to China and India.

For 25 years, Portman worked under his father at the firm, spearheading projects across the globe, including the $175M redevelopment of the historic Jin Ye Li townhouse mixed-use district in Shanghai and the firm's $25B joint venture development with South Korea-based Incheon on the 1,500-acre Songdo Landmark City. That project is slated to include the 151-story Incheon 151 Tower, the tallest building in Northeast Asia.

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Chartres Lodging Group
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Related California
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Send your commercial real estate news, announcements, story leads or tips to Joseph.Pimentel@bisnow.com.