California
Blackstone to Take ROIC Private in $4B All-Cash Deal
Blackstone, through its Blackstone Real Estate Partners X fund, has agreed to buy Retail Opportunity Investments Corp. (ROIC) for approximately $4 billion,… Read more
Construction Wraps on Second Phase of Burbank’s First Street Village
Downtown Burbank has added to its housing and retail with the completion of the second phase of First Street Village, a three-phase… Read more
BWE Arranges $75M Financing for Multifamily in Bay Area, LA County
BWE, a national commercial and multifamily mortgage banking company, secured $75,400,000 in financing for seven multifamily properties, totaling 582 units,… Read more
Nuveen Green Capital Closes $220M C-PACE for San Jose Tower
Nuveen Green Capital closed on $220 million in C-PACE capital for 200 Park Ave., a recently completed office property in San… Read more
United Way of Greater LA Relocates to Manulife’s 515 S. Figueroa
Avison Young represented Manulife’s John Hancock Real Estate in a full-floor, 22,115-square-foot office lease at 515 S. Figueroa St. in… Read more
Laguna Beach Apartments Change Hands After 40-Year Hold
CBRE arranged the sale of Sterling Plaza Apartments, a 12-unit multifamily community at 2607 Solana Way in Laguna Beach, to a private… Read more
AI Company Notion Leases 100K SF in Downtown San Francisco
AI-powered productivity app Notion leased approximately 105,000 square feet at Brookfield Properties’ 685 Market St. in downtown San Francisco, reported… Read more
Blackstone in Talks to Acquire Shopping Center Owner ROIC
Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp. (ROIC), a San Diego-based shopping center REIT that focuses on… Read more
Life Time, RED Joining Forces on 300-Unit PV Project
Construction is underway on the Life Time Living Tower, a 300-unit apartment project at PV, the former site of the… Read more
Poway Development Site Sells to Lennar
Colliers facilitated the $24.5-million sale of Harmon Ranch on Oak Knoll, a land development site in Poway. SVP Ciara Trujillo,… Read more
JLL Arranges Construction Financing for Berkeley Student Housing
JLL Capital Markets secured construction debt and equity for The Valiant, an 83-unit, 262-bed class A+ purpose-built student housing community in Berkeley.… Read more
Jamison, Arc Capital Team on Koreatown Office-to-Residential Conversion
Jamison is partnering with Arc Capital Partners on the adaptive reuse of 3325 Wilshire Blvd., a 1950s-era office building in… Read more
Seattle-Area Microhousing Remains Resilient as Larger Residential Market Softens
Microhousing in the Seattle and Puget Sound region “continues to exhibit relative resilience in an otherwise softening residential landscape,” said… Read more
Tech-Centric Office Markets See Year-Over-Year Surge in Demand
Demand for office space surged over the past 12 months in cities driven by the tech sector, according to the… Read more
California People and Company News, Week of Nov. 1, 2024
Next Wednesday, learn from and network with experts from ICSC, Caruso, Anderson Real Estate, Primestor, and more at this year’s Connect Retail West conference.… Read more
CBRE Closes Sacramento Medical Facility Sale to Hines
CBRE has arranged the sale of Sutter Medical Plaza, a 143,210-square-foot medical outpatient building located at 1625 Stockton Blvd. in Sacramento,… Read more
West Harbor on San Pedro Waterfront Accelerates Phase 2 of Development
West Harbor, a mixed-use development rising on the San Pedro waterfront, has added more than 125,000 square feet of new experiential… Read more
Starbucks Will Enforce Return-to-Office Mandate in 2025
Add Starbucks to the roster of major corporate occupiers mandating in-person attendance at headquarters. The Seattle-based coffee giant told employees… Read more
722-Unit Tempe Towers Top Out
Cantor Fitzgerald and Silverstein Properties topped out Shorehaven, a mixed-use development on the south bank of Tempe Town Lake in Arizona. Built across… Read more