California
California People and Company News, Week of Sept. 6, 2024
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Microsoft Pays $330M for Mountain View Campus, Its Bay Area Employment Hub
Microsoft has paid $330 million to buy a huge Mountain View tech campus the company occupies, the Mercury News reported.… Read more
AI Fuels Tech Talent Job Growth: CBRE
Demand for tech workers in artificial intelligence (AI) increased in 2023, despite slower tech talent job growth overall last year,… Read more
“YIGBY” Movement Supports Different Uses for Houses of Worship
Pictured: Childress Klein’s redevelopment of Sharon United Methodist Church The closures of large churches, synagogues, mosques and other places of… Read more
All Access Staging Signs Three Leases in Torrance
The Klabin Company/CORFAC International has completed a trifecta of leases in Torrance, each with All Access Staging & Productions, a leader in the… Read more
CBRE Closes Sale of Grocery-Anchored Oceanside Center
CBRE’s National Retail Partners-West team closed the sale of Plaza Rancho Del Oro, a 65,054-square-foot regional center shadow-anchored by Albertsons… Read more
Mission Rock Opens Fourth and Final Building in First Phase
The Mission Rock Partners development team, a collaboration of the San Francisco Giants and Tishman Speyer, was joined Tuesday by executives from the… Read more
North Palisade Partners Expands Self-Storage Platform, Plans to Add $400M-Plus of Assets
North Palisade Partners, a development and investment firm focused on industrial, self-storage and industrial outdoor storage, has expanded its self-storage platform, hiring… Read more
PACE Loan Group’s Bali Kumar on the Flexibility of the Capital
At this year’s Connect Orange County, set for Sept. 10 at the Hyatt Regency Irvine, you’ll glean insights from industry… Read more
Max Benjamin Partners Arranges Construction Debt on Hillcrest Multifamily
Max Benjamin Partners (MBP), a boutique real estate advisory firm that provides capital solutions to developers and investors, secured a $16.5-million loan… Read more
Bascom Group Acquires Bakersfield Build-to-Rent Community
The Bascom Group, LLC has acquired Old River Place, a 249-unit build-to-rent multifamily residential property located in the Southwest submarket… Read more
San Jose Power Center Fetches $95M in Repositioning Play
Atlantic Capital Partners arranged the sale of The Plant, a 367,000-square-foot regional power center located in San Jose. A partnership… Read more
Lee & Associates Duo Secures Trio of Leases for Personal Care Manufacturer
Lee & Associates – LA North/Ventura principals Erica Balin and Scott Caswell, SIOR negotiated three long-term leases in a three-building complex… Read more
Yorba Linda Medical and Retail Center Comes to Market
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has the exclusive listing for the sale of Home Ranch Commons, a… Read more
Colliers Brokers Deal for Historic YWCA in Oakland
Colliers arranged the $22.5-million sale of the historic Young Women’s Christian Association (YWCA) Building located at 1515 Webster in downtown… Read more
Lendlease, Aware Super Close on Financing for Culver City Mixed-Use
Lendlease and joint venture partner Aware Super closed on $316 million in construction funding for Habitat, an office, multifamily and… Read more
IPA Closes $95M Sale of Simi Valley Apartments
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of The Landing at Arroyo, a 212-unit multifamily… Read more
BH Properties Acquires Hazard Center Mixed-Use in Mission Valley
BH Properties has continued a streak of acquisitions with the purchase of Hazard Center, a 405,250-square-foot mixed-use campus in San… Read more