California
Connect LA Experts on CRE Investment Without Fed Rate Cuts (VIDEO)
“There’s been a hope that the rates would get reduced, and I have a feeling that lenders may try to… Read more
SRS Garners 30% Market Share of Chick-fil-A Property Sales
SRS Real Estate Partners Capital Markets, based in Newport Beach, said that over the past 12 months, the firm has… Read more
Granite Tapped for Infrastructure Work Near Ontario Airport
Granite has been awarded a $25-million contract by McDonald Property Group to retrofit offsite infrastructure at the east end of the runway of… Read more
El Cajon Apartments Will Undergo Upgrades After Sale
Marcus & Millichap closed the sale of Rockford Gardens, a 16-unit apartment complex located at 181 Ballantyne St. in El Cajon.… Read more
Grocery-Anchored Taft Retail Trades to Nevada Investment Group
Northmarq’s Pacific Northwest Commercial Investment Sales team of Sean Tufts, Kevin Adatto and Joe Dugoni brokered the $7.55-million sale of a 69,419-square-foot multi-tenant retail property… Read more
Brookfield Wins Planning Commission Approval for Stonestown Revamp
Brookfield Properties’ redevelopment plan for the Stonestown Galleria shopping mall won unanimous approval from the San Francisco Planning Commission. Reportedly… Read more
Global CRE Pricing Continues to Slip in Q1
Global commercial real estate pricing continued to fall in the first quarter of 2024 as deal activity remained sluggish across… Read more
Historic Old Town Pasadena Mixed-Use Has New Owner with New Plan
CBRE arranged the $8-million sale of a 12,744-square-foot retail/office building located at 130 E. Colorado Blvd. in Old Town Pasadena… Read more
Anaheim City Council Gives Final Approval to Disneyland Expansion
Disney’s three-year effort to get the go-ahead to grow its theme parks in Anaheim received final approval from the City Council, the… Read more
Belmont Village, Greystar Partner on Seniors Housing in Rancho Santa Fe
Belmont Village Senior Living and Greystar Real Estate Partners, LLC will develop Belmont Village Rancho Santa Fe, a luxury senior housing… Read more
MMCC Arranges Refi for Bay Area Fulfillment Center
Marcus & Millichap Capital Corporation (MMCC) arranged $7,100,000 for the refinancing of an industrial property located at 2225 Grant Ave.… Read more
Some Office Buildings Are Thriving, According to Placer.ai
While much of the office sector news continues to focus on high vacancies and less usage, a recent Placer.ai report… Read more
RentCafe Says Adaptive Reuse on the Rise, YoY Growth is 17%
A recent article from RentCafe reported that adaptive reuse projects gained steam in 2023. Specifically, 17.6% more apartments were converted… Read more
California Home Affordability Posts Slight Improvement in Q1
A slight decrease in mortgage interest rates and home prices made it easier for more Californians to purchase a home… Read more
KBRA: Nearly a Third of Office CMBS is Distressed
The volume of distressed office in conduit and single-asset, single-borrower CMBS increased to a combined $52.2 billion in March, nearly… Read more
JPI Acquires Parcel at Mosaic Redevelopment in Long Beach
Momentum continues on the redevelopment of Mosaic in downtown Long Beach with the sale of a 1.58-acre portion of the site to… Read more
Triple-Net LA Retail Plaza Sells to Local Investor
Progressive Real Estate Partners arranged the $3.5-million all-cash sale of a 7-Eleven anchored triple-net retail strip center at 728 W. Vernon Ave.… Read more