Closure of Santa Monica Airport Clears Path for 227-Acre Park
The upcoming closure of the Santa Monica Airport marks a once-in-a-generation opportunity to reshape the city’s west side and deliver lasting benefits for the broader community. With over 220 acres set to be re-purposed as public parkland, the transformation has the potential to redefine the Ocean Park neighborhood—introducing expansive green space, new recreational amenities, and pedestrian-friendly connections where runways once stood. For nearby residents and the surrounding office and creative business districts, the new parkland promises not only a major environmental upgrade but also a powerful amenity that enhances quality of life, supports healthier lifestyles, and helps attract and retain talent in Santa Monica’s evolving economic landscape.
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Las Vegas Office Market Report Q4 2024
March 24, 2025 - After four consecutive quarters of increasing vacancy, Southern Nevada’s office market vacancy decreased to 11.8% this quarter. No new office projects were completed in Q4 2024, and net absorption rebounded to 126,238 square feet, the market’s highest net absorption since the second quarter of 2023. In addition, the weighted average asking rental rate for office space increased to $2.68 PSF FSG.
Portland Metro Office Market Report Q4 2024
March 24, 2025 - The greater Portland office market faced continued challenges in Q4 2024. During the quarter, tenants vacated more than 262,000 square feet, bringing the overall vacancy rate to 24.4%. While the market-wide vacancy rate has increased by more than three percentage points in the last 12 months, Q4 marks the third consecutive quarter in which the pace that vacant space has come back to the market has slowed. Vacancy rates remain the highest in the Central Business District (CBD) at 34.7%. In the whole of 2024, net absorption surpassed negative 1 million square feet in the CBD. In the CBD Perimeter, vacancy rates fell by 40 basis points to 27%. Most notably, the Clark County submarket experienced a second consecutive quarter of positive net absorption, driving the vacancy rate to 8.3%.
Santa Monica 2029: Entitlement Clarity, Zoning Upside, and a Reset Housing Market
June 12, 2025 - Santa Monica is no longer the entitlement dead zone it once was. Backed by aggressive state housing mandates, the city has rezoned key corridors, opened up density, and created real paths to multifamily scale. This report breaks down where the growth is going, how zoning has shifted, and what it means for developers, builders, and investors looking to get ahead of the next wave of housing in one of California’s most supply-constrained coastal markets.