Research & News

Three new retailers have been announced for the CityLine Sunnyvale project including Xfinity who was represented by Matthew Lux of Beta. Xfinity will occupy approximately 5,400 square feet of ground-level retail space at 301 W. McKinley Ave. beneath another building of The Flats. A previously announced AT&T retail store will operate out of the same building.-Read the full announcement here: https://www.globest.com/2020/03/18/cityline-sunnyvale-nabs-more-retailers/

Beta Agency Partner & Co-Founder, Richard Rizika, has been featured amongst the top 25 agents by the Los Angeles Business Journal in the Who's Brokering Los Angeles feature.To read the full article, please visit: https://labusinessjournal.com/news/2020/jul/01/whos-brokering-los-angeles-richard-rizika/

With many commercial real estate tenants expecting rents to drop, Xan Saks explains the current scenario and what to expect in the future. He says “Over the past few months, I have heard many tenants say the phrase ‘is that pre-COVID pricing?’ in response to a landlord quoted asking rent. From New York to Los Angeles, it is clear that there is an overwhelming belief by tenants—and prospective tenants—that commercial real estate rents have come down as a result of Covid-19. While it would certainly seem logical that mandated store and office closures, shelter in place orders, and continued uncertainty surrounding the virus would lead to reduced rents, the question we need to answer first is how do we value commercial real estate in a pre versus post COVID world?”

To read the full article, please visit: https://www.globest.com/2020/07/20/how-to-value-cre-rents-after-the-pandemic/