Cash Rent SpreadsCash rent spreads were soft, but improved slightly, to -11.2% vs. -12.4% in Q2, which was the lowest level since 2013.
Eviction Ruling ImpactThe LA Superior Court ruled against DEI’s evictions at Barrington Plaza, which may impact planned renovations at the three-tower multifamily property and potentially expose the company to financial penalties.
Office OccupancyDEI's occupancy reached a new low at 79.4% and will move materially lower in Q4 with the 464k SF Warner Center move out.