California
VW Enters $5B Joint Venture with Rivian for “Next Generation” Electric Vehicles
Volkswagen Group will invest up to $5 billion in Irvine-based electric-vehicle manufacturer Rivian under a new joint venture, the two companies announced.… Read more
PCA Arranges Refi on West Hollywood Retail and Hotel Development
Priority Capital Advisory (PCA) arranged $35 million in debt financing to refinance Faring’s planned 400,000-square-foot Robertson Lane trophy retail and hotel project… Read more
MGR Snags Irvine Offices in Second OC Acquisition
MGR Real Estate paid $53.7 million to acquire 2020 Main St. in Irvine. The 12-story, 271,000-square-foot A office building is… Read more
Gantry Arranges Construction Loan for Ontario Condos
Gantry recently secured a $10.7-million construction loan for the development of North Grove Townhomes, a multifamily condominium project at 1411… Read more
Top 20 Pharma Company Expands San Diego Footprint in Lease with Alexandria
Alexandria Real Estate Equities, Inc. said Tuesday that a top 20 pharmaceutical company and longstanding credit tenant has increased its San… Read more
Colliers Lists Multifamily Portfolio in San Francisco’s Russian Hill, Nob Hill
Colliers has listed for sale a multifamily portfolio consisting of three historically significant assets in the Russian Hill and Nob… Read more
Hines Names CBRE to Market South San Jose Industrial Project
Hines has selected CBRE to market and lease its Edenvale Industrial Park in San Jose. Construction began on Tuesday for the three-building,… Read more
BKM Capital Partners Pays $63M for Columbia Commerce Center
BKM Capital Partners (BKM) has acquired Columbia Commerce Park, a 10-building property in Portland’s Airport submarket. The Newport Beach-based real… Read more
Santa Clarita Retail Draws Bids from Private Investors, REITs
Hanley Investment Group Real Estate Advisors recently completed the sale of Stevenson Ranch Plaza in Santa Clarita. Located at 25804-25860 Hemingway… Read more
BOLOUR Secures Entitlements for Apartments Near Dodger Stadium
BOLOUR Associates Inc. has secured the entitlements to build a new six-story rental apartment building at 1330 W. Sunset Blvd. in… Read more
Murrieta Chick-fil-A Deal Sets Two 2024 Sales Records
SRS Real Estate Partners Capital Markets completed the $6.15-million ground lease of a 5,000-square-foot Chick-fil-A property located at 27960 Clinton Keith… Read more
Illinois Investor Acquires Multi-Tenant Mission Valley Offices
Cushman & Wakefield brokered the sale of Aerofund Financial Plaza, a 48,571-square-foot multi-tenant office building in San Diego’s Mission Valley neighborhood. Located… Read more
MMCC Makes Quick Work of Acquisition Loan for Redwood City Multifamily
Marcus & Millichap Capital Corporation (MMCC) arranged $3,185,000 in financing for the purchase of a 15-unit multifamily property located at… Read more
Crest Partners Closes San Francisco’s Biggest Industrial Buy in Two Years
San Jose-based Crest Partners paid $39.5 million to acquire an industrial property near San Francisco’s India Basin in one of… Read more
IPA Lists San Gabriel Valley Multifamily with Open Bid Pricing
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has listed Pacific Trails Apartments, an 84-unit apartment property located in Covina… Read more
Northmarq Brokers Sale of Reseda Low-Rise
Steven Goldstein, VP of multifamily investment sales in Northmarq’s Los Angeles office, brokered the $16.3-million sale of a 52-unit apartment community located… Read more
Trammell Crow Adds SVP to Southern California Team
Trammell Crow Company (TCC) is expanding its Southern California team with the hiring of Brett Montgomery as an SVP. Montgomery will… Read more
Freshfields Signs with Tishman Speyer for First San Francisco Office
London-based law firm Freshfields Bruckhaus Deringer LLP has leased approximately 18,000 square feet at One Bush St. for its first… Read more
California Home to 1 in 6 Six New Jobs in May
Employers in California created 43,700 jobs in May, or one out of every six new jobs nationwide, as the state’s… Read more