California
Upcoming Berkadia Economic Update Webinar Features Komal Sri-Kumar
The economy, both domestic and global, has been a topic of especially keen interest for commercial real estate investors in… Read more
Elliott Investment Management Backs Launch of CRE Private Lending Platform
Robert Wasmund and funds managed by Elliott Investment Management L.P. have partnered to launch Ascent Developer Solutions (AscentDS), a relationship-based… Read more
Austin-Area Movie Studio Hoping to Open Next Year
204 Texas is on track to open a self-sustained studio and production complex in 2025. A project by Los Angeles-based… Read more
Musk Adding 112K SF to Austin Neuralink Campus
Elon Musk’s brain-chip company, Neuralink, is planning a new office expansion in the suburb of Del Valle. Construction recently started… Read more
Calling for More Nominations in Connect CRE’s 2024 Women in Real Estate Awards
Nominations are open for Connect CRE’s 2024 Women in Real Estate Awards, and although response to our eighth annual program has been… Read more
Ai2 Signs Lease as First Office Tenant at New Lake Union Campus
Allen Institute for AI, or Ai2, a Seattle-based non-profit AI research institute founded by philanthropist and Microsoft co-founder Paul Allen,… Read more
Developer Offloads Huntington Park Senior Housing
VP Tom Papoulias of Coldwell Banker Commercial West arranged the sale of the Seville Gardens Apartment Community, a 225-unit senior housing apartment… Read more
Gelt Venture Partners Makes First San Diego Acquisition
Gelt Venture Partners, LLC (GVP) has acquired Rancho Hills Apartments for $53.5 million. The 148-unit garden-style apartment property is located at… Read more
Hilton La Jolla Torrey Pines Trades for $165M
Dallas-based Braemar Hotels & Resorts Inc. has closed on its previously announced sale of the Hilton La Jolla Torrey Pines… Read more
Atlas Capital Lands Nearly $1B Loan for Riverfront Apartment Project
Atlas Capital Group secured a $985-million construction loan to build two Lower Manhattan apartment towers at 80 Clarkson St. which… Read more
MMCC Arranges Bridge Loan for Lompoc Multifamily Acquisition
Marcus & Millichap Capital Corporation (MMCC) arranged $3,412,500 for the acquisition of a 30-unit multifamily property located at 701-717 N.… Read more
Berkadia Delivers $150M Financing for San Diego Affordable Rehab
Berkadia arranged the financing of Sea Breeze Gardens, a 268-unit affordable housing property in San Diego. Senior managing director Tim Leonhard and… Read more
Just What IS the Best-Performing Retail?
This is the third in a five-part series about the commercial real estate retail sector. The first two articles, “Understanding… Read more
Commercial Real Estate is . . . People
When seeking out the best commercial real estate opportunities, investors examine many factors. These include pro formas, supply, market and… Read more
Brookfield Gets Green Light for Stonestown Galleria Redevelopment
The San Francisco Board of Supervisors has unanimously approved plans by Brookfield Properties to transform underutilized parking lots surrounding the… Read more
Residential Rents Post 11th Consecutive Monthly Decline
Rents for residential units fell again in June, with especially large declines in the South, where there’s been an influx… Read more
Kennedy Wilson Completes Portfolio Sale on Melrose Avenue
Kennedy Wilson Brokerage finalized the sale of 7955-7959 Melrose Ave., a 2,933-square-foot multi-tenant retail building, for $2.175 million, completing a… Read more