Despite an expected weakening in commercial real estate (CRE) over the next 18 months, California developers are optimistic the market will return to expansion in 2022, according to the latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey.

Kiewit-Parsons, a Joint Venture on August 14 was awarded the main design-build contract for the next phase of the Foothill Gold Line light rail extension in Los Angeles and San Bernardino counties.

The joint venture developing Alameda Point's Site A announced July 2 that they have completed demolition of the entire 30-acre site and are 50 % complete with infrastructure construction.

With a 33% rise in year-over-year revenue, Hensel Phelps has been named as ENR California's 2019 Contractor of the Year.

Starcity, a community-based living startup company, recently announced that it has secured approval from the cities of San Francisco and San Jose for two large-scale purpose-built coliving projects.

Officials for the Natural History Museums of Los Angeles County (NHMLAC) recently announced plans for a long-term initiative to reimagine and renovate the world-renowned La Brea Tar Pits and the George C. Page Museum.

Trammell Crow Residential (TCR) recently announced that construction has begun on the Alexan Downtown Danville, a new, $90-million apartment community in Contra Costa County.

Construction is about 85% complete on the new $388-million Academy Museum of Motion Pictures at the intersection of Wilshire and Fairfax in Los Angeles's Miracle Mile neighborhood.

A joint venture between Harvest Properties, Inc., a full service commercial real estate investment, development and management firm, and its longtime partner Invesco Real Estate, a global real estate investment manager, recently acquired a three-building class "A" office development site in the heart of Sunnyvale, one of Silicon Valley's most active submarkets.