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ALLEN MATKINS OFFERS UP CLIENTS FOR REAL ESTATE CAUSE Allen Matkins Leck Gamble Mallory & Natsis has teamed up with an economic research center at UCLA’s business school to present a clearer portrait of L.A.’s commercial real estate market. The survey by the UCLA Anderson Forecast is the first in a series that will poll leaders in the office space development and investment markets to gauge the state of real estate in California. Allen Matkins, a 230-lawyer firm known for its real estate practice, aided the UCLA effort by offering up its clients, including developers and leaders of real estate investment trusts. “We helped them get a broad cross-section so they know that the data they’re obtaining represents the breadth and depth of the market,” said John Tipton, the partner chairing the real estate department at Allen Matkins. About 15 of the firm’s clients attended a lunch meeting at UCLA to offer input. Afterward, about double that number of clients participated in the survey itself. While that’s a relatively small pool, the similarity in responses gave the economists confidence about the predictability of the data, Tipton said. The overriding message of that survey: The Los Angeles market for office space is expected to get tighter and tighter over the next three years, further driving down vacancy rates. (For a more expansive report on those results, visit this recent post on the Legal Pad blog.) “Therefore, rental rates, which have already gone up at a healthy pace, would be accelerating,” Tipton said. The data collected will be incorporated into the research center’s econometric models to sharpen upcoming predictions on the region and California overall, according to Jerry Nickelsburg, an economist with UCLA Anderson Forecast. Allen Matkins wanted to get involved, in part, because of its role in the real estate market in California, Tipton said. “What it does for us is it helps us, in a public way, provide a helpful tool for the real estate market in California,” he said. “Obviously, good publicity is involved, but it’s also a way of giving back.”

Kellie Schmitt

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