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According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
Aera is a participant in Newport Banning Ranch, LLC, which has submitted a proposal to build 1,375 homes, parks, a coastal inn, and a small commercial center on about 153 acres (0.62 km 2) of the site, while preserving and restoring more than 55 percent of the property for open space and wildlife habitat uses.
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Corporate real estate is the real property held or used by a business enterprise or organization for its own operational purposes. A corporate real estate portfolio typically includes a corporate headquarters and a number of branch offices, and perhaps also various manufacturing and retail sites. [1]
The Southwest contains major residential, commercial, and industrial sectors, as well as parks, shopping districts, and a four-year university. Most of the land that makes up the region was originally owned by the Kern County Land Company. That company later became Tenneco West and is currently known as Castle and Cooke.
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[5] [6] Tenneco was the Bakersfield-based western land-development arm of Tenneco, Inc., of Houston. [ 7 ] About half that acreage was to be in Kern County , where the projects would include the residential development of 6,500 acres surrounding the then-new California State College near Bakersfield and 3,200 acres in the Los Padres National ...
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