California
Beverly Hills Investor Snares Triple-Net-Leased Merced Furniture Store
SRS Real Estate Partners has completed the $4.64-million sale of a single-tenant property occupied by Mor Furniture located at 1720 W.… Read more
Santa Clara Office and R&D Campus Trades for More Than $300M
Ellis Partners and Boston-based investment manager The Baupost Group have finalized the purchase of Great America Commons, a pair of Class-A office… Read more
Pebblebrook Divests West Hollywood Hotel for $43M
Pebblebrook Hotel Trust completed the sale of the 115-key Chamberlain West Hollywood Hotel to an undisclosed third party for $43.5… Read more
Mayor Bass: Adaptive Reuse Key to Revitalizing Downtown LA
Along with crime and homelessness, the challenge of affordability—both in rents and in development—was a key issue for Los Angeles when Mayor Karen… Read more
NewMark Merrill Signs 11 New Retail Tenants Ahead of July Groundbreaking
NewMark Merrill Companies, Inc. said Monday it had signed leases with Ross Dress For Less, Better Buzz Coffee, Quick Quack… Read more
Adam Neumann’s Flow Makes First West Coast Acquisition
Flow, the real estate company founded by WeWork co-founder Adam Neumann, has acquired The Fay residential tower at 10 E. Reed St.… Read more
Palmdale Chipotle Sale Sets Cap Rate Benchmark
SRS Real Estate Partners completed the $4.39-million sale of a single-tenant property occupied by Chipotle located at 3852 W Rancho… Read more
Covina Apartments Trade on In-Place Cash Flow, Rental Upside
Marcus & Millichap has closed the sale of Vincent Village, a 40-unit apartment property located at 4810 N. Vincent Ave.… Read more
PCCP, Alliance Residential Snap Up Garden-Style Riverside Complex
A joint venture between PCCP and Alliance Residential Company completed the $65.3-million acquisition of The Hawthorne, a 184-unit multifamily community… Read more
Carlsbad Lifestyle Center Fetches $91M in Sale to 11North
JLL Capital Markets arranged the $91.3-million sale of The Beacon, a premier, 122,167-square-foot neighborhood lifestyle retail destination in Carlsbad. Senior managing directors… Read more
Sterling Bay Partnership Secures $290M Financing for Sorrento Mesa’s Pacific Center
Newmark and Sterling Bay have finalized the $290-million refinancing of Pacific Center, a newly built, Class A life sciences campus… Read more
Newmark Integrates Oregon, San Francisco Capital Markets Teams
Newmark’s Oregon capital markets team will integrate with the firm’s San Francisco capital markets, with Executive Vice Chairman and President,… Read more
Senior Living Facilities: Don’t Forget the Outdoor Space
Pictured above: Vista Del Monte, Santa Barbara, courtesy of McCullough Landscape Architecture Modern senior living properties have been shifting from… Read more
Logos Faith, St. Rest Break Ground on 138-Unit Affordable Housing
Logos Faith Development, a Los Angeles–based for-profit impact developer, in partnership with St Rest Friendship Baptist Church, broke ground on Phase One of… Read more
Thorofare Provides $46M Senior Mortgage for Tulare Warehouse
Thorofare Capital, a national commercial real estate debt manager and affiliate of Callodine Group, provided a $46,000,000 floating-rate, interest-only senior mortgage… Read more
Arizona, Nevada, California Reach Water Supply Agreement
Every Phoenix-area apartment investor and homebuilder has to make a case that their residents will have an adequate water supply.… Read more
Walmart Pays $223M for Riverside Cold-Storage Facility
Walmart Realty, a subsidiary of Walmart, has acquired a 507,000-square-foot cold storage facility located at 1001 Columbia Ave. in Riverside, for $223… Read more
Uncommon Developers Takes Community-Building Approach
Asked what Uncommon Developers seeks to bring about with its mixed-use and multifamily projects, co-founder Ryan Hekmat replied, “job creation.” More broadly, Hekmat told Connect… Read more