California
Amazon-Leased Building Sells to Alexandria at Steep Discount
Alexandria Real Estate Equities Inc. has paid $47.6 million for an office building Amazon leases in South Lake Union. The Pasadena-based real… Read more
OpenAI to Lease 90K SF at SoHo’s Puck Building
OpenAI is leasing its first New York City office, raising property owners’ hopes that the burgeoning artificial-intelligence industry will develop… Read more
Green Street Expects Further Appreciation in CRE Pricing
The Green Street Commercial Property Price Index was unchanged in September, the Newport Beach, CA-based research and advisory firm said… Read more
Haas To Start Work on $300M LV Factory
Haas Automation will begin construction on its 2.4-million-square-foot space in Henderson this fall. The company’s presence will be important to… Read more
Fender Guitars Inks Lease Deal At PV
RED Development is adding Fender Musical Instruments Corp. (FMIC) to its tenant roster at PV, the redevelopment of the former Paradise Valley Mall,… Read more
Newsom Signs NAIOP SoCal-Sponsored Bill to Extend Notice for Zoning Changes
California Gov. Gavin Newsom signed AB 2904 into law, the first-ever bill sponsored by NAIOP SoCal. AB 2904 boosts transparency by doubling the… Read more
JLL Represents SITE Centers in Sale of Oakland Whole Foods
JLL Capital Markets completed the $44.4-million sale of Whole Foods Bay Place, a 57,218-square-foot, freestanding grocery store in Oakland, on behalf of… Read more
Hamilton Zanze Completes Sale of Virginia Beach MF Community
Hamilton Zanze, a San Francisco-based multifamily real estate investment firm, has sold Maple Bay Townhomes, a 414-unit apartment community in… Read more
Economic, Logistics and Real Estate Impacts from the East Coast and Gulf Port Strike
On Oct. 1, approximately 51,000 International Longshoremen’s Association members walked away from their jobs at East Coast and Gulf Coast… Read more
Marcus & Millichap Arranges Sale of $19M Self-Storage
Marcus & Millichap completed the sale of 12th Street Storage, a 91,546-square-foot self-storage facility located in Tacoma, Washington. The asset… Read more
DTLA’s Union Bank Plaza Trades for Second Time in Two-and-a-Half Years
Newmark arranged the sale of 445 S. Figueroa St., a 40-story office tower in Downtown Los Angeles. Historically known as… Read more
CyrusOne Building $200M DFW Data Center
CyrusOne is planning to build a data center near Dallas. Slated to span nearly 2 million square feet, it will… Read more
Hines Snags Cerritos Self-Storage for $91M
CBRE arranged the sale of Extra Space Storage in Cerritos to Hines for $91 million. Nick Walker and Trevor Roberts of CBRE’s Self Storage… Read more
Lincoln Property to Manage Three-Building Huntington Beach Office Campus
Lincoln Property Company has been hired to provide property management, operations and construction management services for One Pacific Plaza, a… Read more
MacKenzie Scott Donates $30M to Housing Trust Silicon Valley
Housing Trust Silicon Valley, a nonprofit community loan fund, today announced that it has received a $39-million donation from MacKenzie Scott… Read more
JLL Acquires Raise Commercial Real Estate, Expands Leasing Tech Platform
JLL has reached an agreement to acquire San Francisco-based Raise Commercial Real Estate, a technology-powered brokerage that’s regarded as the… Read more
Commerce Industrial Lands Refi at Lower Rate
Marcus & Millichap Capital Corporation (MMCC) arranged $3.8 million for the refinancing of a 34,617-square-foot industrial property located at 2604… Read more