California
CRE Pricing Inches Upward in May
The Green Street Commercial Property Price Index increased 0.7% in May from the previous month. The all-property index, a measure of pricing for… Read more
Federal Realty Exits Ownership on Santa Monica’s Third Street Promenade
Federal Realty Investment Trust has sold its remaining assets on Third Street Promenade in Santa Monica, which it has owned for a… Read more
New Home Commences Master-Planned Eastvale Residential
With property entitlements completed and construction underway, New Home Co. is now developing 159 acres in Eastvale into the master-planned residential infill… Read more
Bishop Ranch Rolls Out Turnkey Office Program
Bishop Ranch, one of the nation’s largest office campuses, unveiled a turnkey office program intended to combat the return-to-office challenges… Read more
Rubio’s Coastal Grill Files for Chapter 11 After Store Closures
San Diego-based fast casual chain Rubio’s Coastal Grill has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.… Read more
One Key to Attracting Office Tenants? Less Debt
With the U.S. office market in flux for the past few years, questions focus on attracting and retaining occupiers. The… Read more
Examining Grocery Chain Opportunities in Underserved Markets
Grocery stores, superstores and dollar stores share one thing. They carry food products. According to Placer.ai, grocery stores go a… Read more
Luxury LA Apartments Fetch More than $1.5M/Unit
CBRE and Carolwood Estates recently brokered the sale of Utama Royale, a luxury, 18-unit multifamily building located at 10351 Wilshire… Read more
Canyon Ranch Eyeing Fall Lake Travis Groundbreaking
Fort Worth-based Canyon Ranch will begin constructing a new, $121 million luxury wellness resort near Lake Travis later this year, according to… Read more
Greg May Rejoins CBRE in Orange County
CBRE said Thursday that Greg May has rejoined the firm’s Newport Beach office as SVP, specializing in office properties across… Read more
Erewhon Snaps Up Former Virgil’s Hardware in Glendale for 11th Location
The City of Glendale said that Erewhon, the upscale organic market and café with 10 locations across Southern California, has purchased… Read more
Northmarq Arranges $60M Refi of OC Apartments
Northmarq’s Newport Beach Debt + Equity team of Alex Kane, Joe Giordani, Brendan Golding and Alvin Cao secured the refinancing of Serena Vista Apartments in Fountain Valley… Read more
Local Investor Acquires SpringHill Suites in Oceanside
Berkadia arranged the sale of SpringHill Suites San Diego Oceanside-Downtown, a 149-key hotel located in Oceanside. Managing director Scott Hall and senior… Read more
Capital One Relocating San Francisco Offices to 100 California
Capital One Financial Corp. will relocate its San Francisco offices to 100 California St., committing to 40,000 square feet at… Read more
SVN Experts See Southwest Investors Shifting Their Focus
SVN has just issued a first-quarter market report covering a broad swath of the U.S., namely the Southwest, spanning from… Read more
Smith Hill, Bain Capital Close $111M Loan on Hospitality Portfolio
Smith Hill Capital and Bain Capital Special Situations have closed on an approximately $111-million first mortgage loan secured by a… Read more
IPA Closes $62M Sale of NoHo Apartments for AvalonBay
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of AVA North Hollywood, a 156-unit multifamily property with… Read more