California
Transwestern Brokers Showroom and Storage Lease for Abell Auction
Transwestern Real Estate Services brokered a 14,117-square-foot lease for Abell Auction Company at 6620 Telegraph Rd. in Commerce. Abell will use the… Read more
Nick’s to Open Third OC Restaurant in Newport Beach
Burnham-Ward Properties announced that the Gracias Madre restaurant will close its location at Castaway Commons, located near the intersection of… Read more
Hillcrest Mixed-Use Goes into Escrow After Two Weeks on Market
Marcus & Millichap arranged the sale of Fifth and Penn, a 2,867-square-foot mixed-use property consisting of a ground-floor restaurant, an… Read more
Redco Acquires 300 California in Downtown SF at Steep Discount
Redco closed its acquisition of 300 California St. for $28.5 million, reported the San Francisco Business Times. It’s the second… Read more
City of Oakland to Sell Its Stake in Coliseum to AASEG
The City of Oakland on Wednesday announced a tentative deal to sell its half of the Coliseum site to a development group… Read more
Median Apartment Rents Post Ninth Consecutive Y-O-Y Decline
The median asking rent nationally for 0-2 bedroom apartments declined -0.7% year-over-year from April 2023 to $1,723 and declined across all… Read more
ARCO Provides Design-Build on Cold-Storage Retrofit
ARCO National Construction’s Pacific Coast division is providing design-build services for a 116,766-square-foot cold storage facility renovation project for Alpine… Read more
CBRE Arranges San Clemente Multifamily Sales
CBRE finalized the sales of two six-unit multifamily properties in San Clemente to individual private investors, resulting in a combined… Read more
Family-Owned Stockton Retail Sells to Private Investor
Marcus & Millichap closed the sale of a 14,000-square-foot retail property located at 3750 West Ln. in Stockton. The sale price was $1,080,000.… Read more
Re-Tenanted Kearny Mesa Offices Snag $82M Refi
JLL Capital Markets arranged an $82.46-million refinancing for Sunroad Centrum Office Tower, an 11-story, Class A office building totaling 274,758 square… Read more
Trumark Closes Escrow on Danville Site for Townhome Development
Trumark Homes has closed escrow on approximately seven acres of the 17-acre Borel property located at Fostoria Way and Camino… Read more
California Bill to Establish Tenants’ Rights Office Fails to Advance
A bill that would have created a state-level Office of Tenants’ Rights and Protections in California failed to advance from… Read more
Marcus & Millichap Adds Senior-Level Talent Across Markets and Divisions
Marcus & Millichap said it’s continuing to build its senior-level broker and financing professional hiring momentum across its Institutional Property Advisors (IPA),… Read more
Accounting Firm Leases Full Floors with Irvine Company in LA, OC
Accounting firm Armanino LLP leased 23,450 square feet at Irvine Company’s 2121 Avenue of the Stars in Los Angeles and 22,000… Read more
Wind Energy Provider Aeromine Closes $9M Series A Round
Rooftop wind energy provider Aeromine Technologies, headquartered in Irvine, closed an approximately $9-million funding round to accelerate the rollout of… Read more
3PL Tenants Dominate Big-Box Warehouse Leases in Inland Empire
Third-party logistics (3PL) providers leased the most big-box warehouse space in the Inland Empire, completing 58.6% of all transactions in… Read more
Gilroy Showroom Property Sells with Multiple Options for Buyer
Cushman & Wakefield co-brokered the sale of an approximately 125,597-square-foot commercial building on 13.7 acres in Gilroy. Located at 7900 Arroyo… Read more
WaFD Agrees to Sell 2,000 Multifamily Loans to BofA
WaFD Inc. said in a regulatory filing that its Washington Federal Bank subsidiary had agreed to sell 2,000 commercial multifamily… Read more
Amazon Gears Up for 600K-SF Distribution Center in Rancho Cordova
Amazon appears poised to build a distribution center of more than 600,000 square feet in Rancho Cordova, after closing escrow… Read more