Bakersfield
Clovis 7-Eleven C-Store/Gas Station Trades in 1031 Exchange
Hanley Investment Group Real Estate Advisors completed the $5-million sale of a 7‑Eleven-occupied convenience store and gas station in Clovis. Within… Read more
Long-Stalled Redevelopment Commences at Bakersfield’s Former East Hills Mall
The development team behind City Lights, a 350,000-square-foot open-air retail destination planned for Northeast Bakersfield on the site of the former… Read more
Manulife, TruAmerica Multifamily Launch $1B Affordable Housing Venture
Manulife Investment Management (Manulife IM) and TruAmerica Multifamily have formed a $1-billion affordable housing joint venture. The new platform is named Anchor… Read more
Trump Administration to Review Federal Spending on CA High-Speed Rail
The Trump administration has launched a compliance review into California’s high-speed rail project, Transportation Secretary Sean Duffy announced. The Los Angeles Times reported… Read more
Bakersfield Multifamily Fetches Reported Record Sale Price
The Mogharebi Group has arranged the $56.6-million sale of Old River Place, a 249-unit multifamily community in what is believed… Read more
Bascom Group Acquires Bakersfield Build-to-Rent Community
The Bascom Group, LLC has acquired Old River Place, a 249-unit build-to-rent multifamily residential property located in the Southwest submarket… Read more
U.S. Multifamily Permits Down Nearly 30% from Pandemic Levels
Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. year to date, down… Read more
New-Format 7-Eleven Fetches Nearly $8M in San Bernardino
Hanley Investment Group Real Estate Advisors arranged the sale of a new construction, single-tenant property occupied by a 7-Eleven convenience store… Read more
MMCC Arranges $96M Loan on Trio of Retail Centers
Marcus & Millichap Capital Corporation (MMCC) arranged $96,025,000 for the refinancing of three multi-tenant retail centers located in North Hollywood,… Read more
Bakersfield Chase Bank Trades to Private Investor
Hanley Investment Group Real Estate Advisors and Progressive Real Estate Partner arranged the sale of a newly constructed, single-tenant property occupied… Read more
Class A Apartments, New Self-Storage Land Permanent Loans
Gantry’s Irvine office secured $28.7 million of financing in two transactions for separately owned properties, one a multifamily asset in… Read more
Gallo Wines Closes In-House Distributor, Lays-Off 350 Workers
Modesto, CA-based E. & J. Gallo Winery, the largest winery by sales volume in the U.S., is shutting down its… Read more
KeyBank Provides $44M in Loans for NorCal Housing Project
KeyBank Community Development Lending & Investment (CDLI) has provided $44.2 million of financing to affordable housing developer Pacific West Communities… Read more
Fortune 500 Company Signs Major San Joaquin Valley Lease
Wonderful Real Estate Development has announced the lease of its most recent one million-square-foot speculative building in Shafter, CA to… Read more
TMG Arranges $31M Sale of Bakersfield MultiFam Community
Costa Mesa-based The Mogharebi Group (TMG) has arranged the sale of Tyner Ranch Apartments, a 168-unit multifamily community in Bakersfield,… Read more
OC Firm Arranges $10M Sale of Bakersfield Retail Center
Corona Del Mar-based Hanley Investment Group has arranged the $10 million sale of Colonial Square, a 41,000-square-foot, multi-tenant retail strip… Read more
Faris Lee Arranges $11M Smart & Final Acquisition
Orange County-based Faris Lee Investments has arranged the $11 million sale of a 26,000-square-foot single-tenant building leased to Smart &… Read more
Newmark Arranges $520M Amazon-Leased Industrial Portfolio Sale
Newmark has completed the $520 million sale of an eight-asset industrial portfolio in California and Utah that is triple net-leased… Read more
Bakersfield’s Ming Plaza Sells for $26.5M
Ming Plaza in Bakersfield, Calif., is a nearly 100 percent occupied shopping center – and its $26.5 million sale has… Read more