BakerHostetler Relocates LA Office to Century City California + Los Angeles + Office | March 18, 2024 Restaurateur Tony Monaco to Open Second Location at Irvine’s Eighteen Main California + Orange County + Hospitality | March 18, 2024 CBRE IM, Hillwood Secure $756M Financing for Fontana Industrial California + Inland Empire + Finance | March 18, 2024 FEATURED STORY California CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. More California Stories More Stories Connect CRE & Industry Events Load MoreMore Events Hone your competitive edge today with Connect Classroom, an accredited online Continuing Education provider offering CRE focused courses you can take on demand. Earn the credit you need with engaging, thoughtfully designed courses for commercial real estate brokers, appraisers, lenders, architects, and lawyers from a news source you already know and trust. 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A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way. Connect with Creative Latest Bay Area Stories Palmetto Superfoods Inks Lease in SF’s South Park SoMa Neighborhood California + Bay Area + Hospitality | March 18, 2024 Urban Land Development, based in San Francisco, said Monday that Palmetto Superfoods, a fast-healthy concept bridging Brazilian açaí and California vegan-focused superfoods, has signed a lease at 531 Bryant St. in San Francisco’s South Park SoMa neighborhood. Palmetto is slated to open in the second quarter. “We partnered with ULD for the 531 Bryant retail space because this will give us … Popular Local Bakery Leases Storefront with Trumark Homes California + Bay Area + Retail | March 15, 2024 Lawson’s Bakery has signed a lease to relocate across town to a new retail space at Trumark Homes’ townhome community, Jasper in Morgan Hill. The move will support the bakery’s selection of signature baked goods, custom cakes and pies, breakfast and lunch offerings, as well as its catering and wholesale businesses across the Bay Area. Opening is … Latest Inland Empire Stories CBRE IM, Hillwood Secure $756M Financing for Fontana Industrial California + Inland Empire + Finance | March 18, 2024 A fund sponsored by CBRE Investment Management, in joint partnership with Hillwood Investment Properties, secured an approximately $756-million financing package for the construction of Phase I of the Speedway Commerce Center located at 9300 Cherry Ave. in Fontana. Eastdil Secured arranged the financing on behalf of CBRE Investment Management. Dan de la Paz, Eloy Covarrubias and Barbara Perrier of CBRE have … TLC Modular Lines Up Luxury Condos for Desert Hot Springs California + Inland Empire + Apartments | March 12, 2024 TLC Modular USA and ABJA Ohana LLC will develop Pierson 88, an 88-unit luxury condominium development in Desert Hot Springs. Slated for groundbreaking later this year, the development will feature premium finishes and modern designer touches, with two-bedroom suites starting at $399,000. Each condominium will include eco-friendly design and advanced technology, from solar-equipped systems to keyless entry provisions. All units … Connect TeamJosh OrensteinVice President, News & MediaPaul BubnySenior Content DirectorSarah QuinnCo-Founder & Vice PresidentView AllOur ValuesWe understand that we have different backgrounds, ethnicities, experiences, and geographies, and these differences are what make us unique and bring a variety of perspectives that will shine through.Minority SplitGender SplitLearn More Latest Los Angeles Stories BakerHostetler Relocates LA Office to Century City California + Los Angeles + Office | March 18, 2024 Law firm BakerHostetler has relocated its Los Angeles office to 1900 Ave. of the Stars in Century City. Spanning nearly 40,000 square feet, the new office is situated in the Anderson Towers complex, consisting of two sister buildings on a five-acre pad. Owned by Anderson Real Estate, the campus and buildings are being redeveloped as part … Port of LA, Caltrans to Reconfigure SR-47 Interchange in San Pedro California + Los Angeles + Industrial | March 15, 2024 The Port of Los Angeles and California Department of Transportation (Caltrans) will start work this month on a $130-million project to reconfigure a major interchange at State Route 47 (SR 47)/Vincent Thomas Bridge and Front Street/Harbor Boulevard in San Pedro. The interchange reconfiguration is intended to reduce travel times, alleviate congestion and improve motorist and … Latest Orange County Stories Restaurateur Tony Monaco to Open Second Location at Irvine’s Eighteen Main California + Orange County + Hospitality | March 18, 2024 Restaurateur Tony Monaco will open his second Eighteen Main eatery, Monaco Italian Kitchen + Bar, later this year. The new location will be part of EMMES Realty Services of California LLC and Oaktree Capital Management, L.P.’s development at Centerview, an office property, and its adjacent restaurant development Eighteen Main, both located in the Irvine Concourse. Monaco … Tourmaline Capital Snaps Up Anaheim Hills Retail California + Orange County + Retail | March 15, 2024 JLL Capital Markets closed the $16.7-million sale of Anaheim Hills Shopping Village, a 67,528-square-foot retail center located in Anaheim. Senior director Daniel Tyner and managing directors Gleb Lvovich and Geoff Tranchina worked on behalf of the seller, a private family partnership who served as the original developer, as well as the buyer, Tourmaline Capital. The 95% occupied center is anchored … Latest San Diego Stories PGIM Real Estate Provides $51M Financing for BKM Acquisition California + San Diego + Finance | March 18, 2024 PGIM Real Estate has provided $51 million in floating rate acquisition financing on behalf of its core plus debt strategy to BKM Capital Partners for the acquisition, renovation and leasing costs of Canyon Industrial Center, a shallow-bay industrial park located in San Diego’s Kearny Mesa submarket. BKM announced the $70.2-million acquisition last month. Canyon Industrial Center, … Berkadia Closes $82M Chula Vista Multifamily Deal California + San Diego + Apartments | March 15, 2024 Berkadia Institutional Solutions arranged the sale of Terra Nova Villas, a 233-unit apartment community in Chula Vista. Senior managing directors Rachel Parsons and Derrek Ostrzyzek and senior director Mike Murphy of Berkadia Institutional Solutions completed the $82-million sale on behalf of seller Jackson Square Properties. The buyer was Pacific Urban Investors. “Chula Vista is one of the fastest … Latest Stories FromMidCap Advisors Hires Paul Kanarek as VP, EducationDirect Investment | March 18, 2024MidCap Advisors, a NY-based M&A advisory firm to private companies, has hired Paul Kanarek as vice president of education. Kanarek brings more than four decades of experience in the areas of strategy, M&A, investor relations and communications. Leveraging his experience assisting global education companies to go public as well as privately refinance, he will lead ...City of Austin Commits $90M to 1st Direct Lending FundAlternative Assets | March 18, 2024The City of Austin Employees’ Retirement System, which oversees $3 billion in assets, hired its first private credit fund with a $90 million commitment. The pension fund is slated to invest 1% to 3% of assets in private credit/direct lending. Initially, the investment is to be classified as fixed income – investment grade credit under ...AS Birch Grove Expands Senior Team with Goldman AlumAlternative Assets | March 18, 2024AS Birch Grove, an alternative investment manager focused on corporate credit opportunities in North America and Europe, appointed Todd Duker as managing director as interest in the collateralized loan obligation (CLO) market continues to rise. Duker brings nearly two decades of experience in structured products and CLOs. He was most recently a senior member of ...Ballistic Blasts Past Target with $360M RaiseAlternative Assets | March 18, 2024Ballistic Ventures, a San Francisco-based firm focused on early-stage cybersecurity and cyber-related companies, closed its oversubscribed $360 million second fund aimed to “fuel the next generation of cybersecurity innovation.” Since the firm’s launch in 2022 and the close of its $300 million maiden fund, it has now invested in 18 companies addressing challenges such as ...