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Notes on the California Commercial Market
Practical guidance on industrial space, investment structures, and the mechanics of getting a commercial deal closed, from Lauren J. Coombs, CCIM, Member Associate, Society of Industrial and Office Realtors.
Market Notes
Latest Articles

Long Wall's $75M Missile Defense Contract Puts Long Beach Industrial Back in the Spotlight
A Long Beach aerospace company just landed a $75 million Missile Defense Agency contract and says its production space could turn out more than 100 interceptors a year. Here is what that means for industrial owners.

The zoning question behind Space Beach: what Long Beach's industrial code actually lets you build
A lot of the Space Beach story is about demand. Less of it is about whether the city's own zoning makes it easy to build what this tenant pool needs. Here is what one approval reveals.

El Segundo vs. Long Beach: how Southern California's two 'Space Coast' industrial markets actually compare
Long Beach is not the only submarket aerospace and defense tenants are fighting over. Here is how it actually compares to El Segundo, and which one wins for which kind of building.

What this all means if you own one industrial building, not a portfolio of them
The Space Beach story is mostly told through billion dollar leases. Here is the version that actually applies if you own a single building.

From McDonnell Douglas to Anduril: the second life of Long Beach's aerospace real estate
Long Beach's aerospace real estate boom is not a brand new story. It is the same buildings and the same skills, with a new generation of tenants.

Why a trillion-dollar defense budget is a Long Beach real estate story
Federal defense spending numbers can feel abstract until you notice how directly they are showing up in local leasing activity.

Tariffs, front loading, and your warehouse lease: reading past the headline numbers
Import numbers have swung hard on tariff news all year. Here is how to read those headlines without overreacting to them.

The port's $3.2 billion decade: what a bigger rail yard means for South Bay industrial land
The Port of Long Beach's expansion plans run through 2032. Here is what is actually being built, and why the timeline matters more than the headline number.

The port just posted a record year and industrial rents barely moved. Here is the disconnect.
More cargo does not automatically mean more warehouse demand. 2025's port numbers are a good example of why that assumption breaks down.

Zero available buildings near Long Beach Airport: what that vacancy number is really telling owners
A submarket going from a dozen available buildings to none in about a year is not normal. Here is what caused it and what it signals for owners deciding whether to sell, hold, or reposition.

The building specs aerospace and defense tenants actually need, and why almost nothing on the market qualifies
Square footage barely matters to this tenant pool. Power capacity, clear height, and security are what decide whether your building is even in the conversation.

Inside Anduril's $1 billion Douglas Park project, and what it means if you own industrial property nearby
Anduril's lease at Douglas Park is the single largest aerospace and defense real estate move Long Beach has seen. Here is what is actually being built, and how a project this size ripples out to nearby owners.
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