California
U.S. Office Sector Investment Sales Begin Surging Again
Arguably the last major commercial property sector to rebound from the COVID-19 pandemic, office is now coming back into vogue… Read more
PREMIER Design + Build Launches Orange Industrial for IDI
PREMIER Design + Build Group began work on its first project for IDI Logistics in the Western region, the Orange Logistics Center in Orange. The development… Read more
Luxury Jeweler Signs Lease with Grosvenor in Union Square
Grosvenor secured a new 10-year lease with luxury diamond and jeweler Yadav Diamonds and Jewelry at 170 Grant Ave. in… Read more
Blackstone to Acquire $1B Natural Gas Power Plant In VA
Blackstone has agreed to acquire the 774-MW Potomac Energy Center, a natural gas power plant located in Virginia’s “Data Center… Read more
Bascom, Oaktree Partner on $126M West Sacramento Acquisition
The Bascom Group, LLC, in partnership with funds managed by Oaktree Capital Management, L.P., has acquired The Strand, a 408-unit… Read more
Hudson Pacific Divests Former WeWork Space in LA Arts District
Hudson Pacific Properties has closed on the sale of a non-core office property, Maxwell, located in the Los Angeles Arts… Read more
Williamsburg Apartments Trade to NorCal Investor
Pacific Urban Investors, a Palo Alto, CA-based multifamily owner-operator and investment manager, has completed its sixth acquisition in the New… Read more
Pacific Urban Investors Makes 24th San Diego Acquisition
Multifamily owner‐operator and investment manager Pacific Urban Investors acquired a 251‐unitmultifamily portfolio in the Downtown Gaslamp area of San Diego.… Read more
345 California Office Tower is Now Debt Free
345 California Center, a 35-story Class A office tower totaling 600,000 square feet in downtown San Francisco, is now owned debt free… Read more
IPA Facilitates $166M in Financing for Northern Virginia MF
IPA Capital Markets, a division of Marcus & Millichap, has arranged $165.9 million in financing on behalf of the DSF… Read more
Newsom Signs $2.5B Aid Bill for Firestorm Recovery and Rebuilding
California Gov. Gavin Newsom has signed legislation providing more than $2.5 billion in disaster relief. The funding will immediately help… Read more
Harbor Associates Creates Office Success Story in Del Mar
Harbor Associates, LLC, a value-add and opportunistic buyer and owner in the office market, completed the lease up of the… Read more
Sav-Mor Supermarket in Corning Sells to Napa Valley Investor
SRS Real Estate Partners and Hanley Investment Group arranged the $7.2-million sale of a 32,000-square-foot property occupied by Sav-Mor Foods. Situated… Read more
Zero-Emission Truck Maker Selects Fontana for First North American Factory
ZM Trucks, a zero-emission commercial truck brand, has opted to locate its first North American manufacturing plant in the city… Read more
Measuring the CRE Impact of the Los Angeles Wildfires
The Palisades and Eaton wildfires raging across Los Angeles are among the most devastating and destructive on record. More than… Read more
Walker Webcast: Zelman & Associates’ Ivy Zelman Discusses Affordability, Politics and Wildfires–and Their Impact on Housing
Ongoing California wildfires, freezing weather in the south, and President Donald Trump’s inauguration have made headlines in recent days. These… Read more
Walker & Dunlop Arranges $73M Refi on Inglewood Apartments
Walker & Dunlop has arranged a $73-million loan to refinance Bell South Bay, a multifamily community located at 11622 Aviation Blvd. in… Read more