California
Riverside Apartments Trade with Interest-Only Loan Assumption
CBRE arranged the $10.15-million sale of the 44-unit Ramona Oaks Apartments at 3401 Ramona Drive in Riverside. The firm’s Eric Chen, Kevin Sin and Blake… Read more
Hawkins Way Will Upgrade, Rebrand Berkeley Student Housing Property
Hawkins Way Capital, a fully vertically integrated real estate company with $3 billion of assets under management, acquired Varsity Berkeley student housing in… Read more
Nation’s First Mixed-Use with Costco as Anchor Breaks Ground in South LA
City and community leaders gathered in South Los Angeles’ Baldwin Village community to mark the beginning of construction on 5035… Read more
Cook County Creates Property Tax Break for Quantum Businesses
The Cook County Board passed a new property tax break that would give quantum computing development on Chicago’s Southeast Side… Read more
Le Investment Group Closes $36M Riverside Portfolio Sale
Le Investment Group represented the seller of a prime industrial portfolio located at 1660-1880 Iowa Ave. in Riverside. Totaling 203,939… Read more
Jamestown Deploys Solar Installation at Larkspur Property
Atlanta-based real estate investment firm Jamestown completed the installation of a solar energy system at The Exchange at Larkspur Landing, an… Read more
CIM Group’s CMCT Completes Partial Apartment Conversion of LA Offices
CMCT, a REIT operated by affiliates of CIM Group, completed the conversion of the top two floors of a three-story,… Read more
Waltham Apartment Complex Trades for Reported $221M
Gardencrest Apartment Homes, a 696-unit, 100% market rate workforce housing apartment community in Waltham, MA, has sold to an affiliate of… Read more
U.S. Banks Increase Volume of High-Volatility CRE Loans
U.S. banks reported a 20% sequential increase in total high-volatility commercial real estate (HVCRE) loans in the second quarter of 2024… Read more
Malibu Manufactured Home Community Sets Pricing Record
Marcus & Millichap closed the sale of Point Dume Club of Malibu, a 297-site manufactured housing asset located on 95.4 oceanfront… Read more
Newmark Brings Two Irvine Office Properties to Full Occupancy
Newmark secured nearly 90,000 square feet of new office leases, bringing 7700 Irvine Center Dr. and 111 Pacifica in Irvine… Read more
Waterton Adds to San Francisco Multifamily Holdings
Chicago-based Waterton, a national real estate investor and operator, said Wednesday it had acquired L Seven, a 410-unit mid-rise apartment community… Read more
Hackman Capital Will Manage 26-Building Culver City Portfolio
Hackman Capital Partners (HCP) formed a strategic alliance with Laurie Samitaur Smith of Samitaur Constructs to manage the Conjunctive Points Portfolio in Culver… Read more
Federal Reserve Slashes Rates by 50 Basis Points
The Federal Reserve’s Federal Open Market Committee on Wednesday slashed the federal funds rate by a half percentage-point to a… Read more
Priority Capital Advisory Adds CRE Veteran Katie Rodd
Priority Capital Advisory (PCA), a boutique debt and equity capital advisor headquartered in Century City, has appointed industry veteran Katie Rodd as managing director… Read more
Affinius Originates $135M Loan for Perris Construction, Lease-Up
Affinius Capital LLC originated a $135-million loan to finance the ground-up development of Perris Gateway, an 850,000-square-foot industrial development in Perris. Bank OZK… Read more
Overton Moore Closes on Livermore Site for Two-Building Industrial
Overton Moore Properties (OMP) has closed on 41 acres in Livermore for an industrial project. The property was acquired from Pleasanton Gravel… Read more
Connect Orange County Panelists See Improved Financing Outlook Heading into 2025
From the standpoint of lending volume, 2023 represented a pair of bookends: a strong first and fourth quarter with a… Read more