With a little over half the vote counted early Wednesday, Prop 45 was losing about 54% to 46%, CalMatters reported. The measure would cap environmental reviews for essential projects at 365 business days and require CEQA lawsuits to be resolved within 270 days.

Supporters, led by the California Chamber of Commerce, spent about $41 million, against roughly $30 million on the other side. The race has not been called, many ballots remain, and the state certifies results on Dec. 11.

Separately, Prop 42, which would bar new state taxes on personal property including business interests, led about 54.5% to 45.5%, according to the California Today results guide.

Measure FD, which would raise the City of Los Angeles sales tax from 10.25% to 10.75% to add about $345 million a year for the Fire Department, was leading Tuesday night, the Los Angeles Times reported. The returns were early and partial, and no margin was given.

Charter Amendment PL, which consolidates the city's planning functions to speed building and business openings, was also ahead. Proposition TE, exempting qualifying Palisades fire-damaged homes from the ULA transfer tax for one sale, led with about 65% yes in later counts, according to NBC Los Angeles results.

A 10.75% rate would be among the highest in the state, a cost for city retailers, while PL could shorten permitting timelines for owners.

Banyan Street Capital sold the 21-story, 235,211 square foot tower at 200 East Broward Blvd. to Grover Corlew for $69.7 million, about $296 a square foot, according to JLL, which arranged the sale and financing. The building is 75% leased, with tenants including Greenspoon Marder and PNC Bank.

BridgeInvest provided a three-year, $63.4 million acquisition loan, funding $46.2 million at closing and $17.2 million later for leasing costs, spec suites and capital work.

A downtown Class A tower trading below $300 a foot, with debt that funds the lease-up, is a fresh pricing marker for Broward office.

Wells Fargo increased a 2022 loan on LBA Realty's 709,480 square foot Dolphin Commerce Center in Sweetwater by $83 million, to $133 million, according to mortgage records cited by Commercial Observer. LBA did not comment.

The five-warehouse, 37-acre campus near Dolphin Mall dates to the late 1990s. LBA paid $198 million for it in 2022, and about 36,000 square feet is currently available.

Thor Equities completed its $217.5 million acquisition of 1359 Broadway, a 22-story, 486,000 square foot office building near Herald Square, from Empire State Realty Trust, the buyer announced. That works out to roughly $448 a square foot.

Tenants include Progyny, Bloomsbury Publishing and Crown Castle, and Newmark will handle leasing for the new owner. The contract was first reported in August.

A sub-$450 trade on a large multi-tenant building is a useful comp for older, transit-served Midtown office outside trophy Park Avenue.

Outpost acquired nearly 15 acres of industrial outdoor storage at 76 Central Ave. in Kearny and 2120 McCarter Hwy. in Newark for $68.5 million, the company announced. Real Estate NJ named the sellers as Meadow Partners and Criterion.

The 6.9-acre Newark trailer yard is fully leased to a Fortune 100 e-commerce and logistics company, while the 8-acre Kearny yard, with room for 234 containers, is available for lease.

The purchase is part of Outpost's $1 billion deployment into low-coverage industrial property.