California
Safehold Closes on Ground Leases for Affordable in Santa Clarita, Santa Cruz
Ground lease REIT Safehold Inc. has closed on ground leases for the development of two affordable housing communities, Banana Belt… Read more
Rexford Launches Construction on Single-Tenant Kearny Mesa Industrial
Rexford Industrial has launched construction on a new 177,551‑square‑foot Class A industrial building at 9323 Balboa Ave. in San Diego’s Kearny Mesa submarket.… Read more
Livermore Apartment Seller Doubles Unit Count with 1031 Exchange
The Levin Johnston team at Marcus & Millichap arranged the trades of three multifamily communities in the East Bay city of… Read more
Cadillac Dealership on Former Lincoln Yards Site Breaks Ground
Joseph Nicholas Construction (JNC), in partnership with Jack Carter Auto Group, has broken ground on Carter Cadillac of Chicago, a… Read more
Lurie Seeks to Lower Inclusionary Rate, Increase Annual Contribution to Housing Trust Fund
San Francisco Mayor Daniel Lurie introduced two proposals to help spur the production of housing in the city. One would… Read more
SASB Deals Dominate U.S. CMBS with Market Expanding at Both Ends
The single asset, single borrower (SASB) market continues to strengthen its dominance in U.S. CMBS, expanding in scale and scope… Read more
Berkadia Lines Up Construction Loan for Seachange Partners
Berkadia arranged $15.6 million in non-recourse construction financing for two affordable housing projects in Los Angeles. Managing director Keith Rosso… Read more
Sutter Health, Santa Clara University Partner on New Medical School
Venture capitalist Mark Stevens and his wife Mary have gifted $175 million to help pay for the construction and establishment… Read more
JLL Arranges $252M Financing for Huntington Beach Seniors Project
JLL and HJ Sims have arranged $252.1 million in tax-exempt and taxable bond financing for the development of The Marisol,… Read more
Harbor Associates, Farallon Acquire Yorba Linda Industrial Campus Off-Market
Harbor Associates, LLC, in a joint venture with Farallon Capital Management, has acquired the Yorba Linda Commerce Center, a 280,000-square-foot, small… Read more
Upland Apartments’ Original Developer Divests for $48M
Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, closed the sale of Upland Village Green, a multifamily… Read more
CJ Park Acquires West Sacramento Neighborhood Center
Harbor Central, a neighborhood shopping center in West Sacramento, California, has sold for $6.2 million. A subsidiary of CJ Park &… Read more
Skanska Promotes Two Industry Veterans in Washington
Skanska has named Lew Guerrette as the new regional executive officer overseeing the operations in Skanska USA Building’s West Region,… Read more
San Jose’s Bank of Italy Building Set for Residential Conversion
Cushman & Wakefield arranged $74.1 million in financing on behalf of the Silicon Valley Initiative Partnership for the conversion of the historic Bank of Italy building at 12… Read more
Sachem Capital, IRG to Form $3.4B Industrial REIT
Mortgage REIT Sachem Capital Corp. and privately held Industrial Realty Group (IRG) said Monday they have entered into a definitive… Read more
Hollywood Multifamily Sale Reaches Three-Year High in Pricing
Colliers arranged the sale of Sophia Hollywood, a Class A, 28‑unit, 40,332‑square‑foot multifamily apartment community located at 1759 N. Gower… Read more
DAUM Arranges Industrial Outdoor Storage Lease in Rialto
DAUM Commercial Real Estate Services, completed a lease agreement for an approximately 5.18-acre industrial outdoor storage (IOS) site in the… Read more
Half Moon Bay City Council Repeals Cap on Annual Rent Increases
The Half Moon Bay City Council voted recently to repeal regulations that cap annual rent increases for some older multifamily… Read more
Elliott Management Snaps Up Downtown Crossing’s Godfrey Hotel
The Godfrey Hotel, a 242-key hotel in Downtown Crossing, has sold for $124 million to an affiliate of Elliott Management,… Read more