California
MMCC Arranges Refi on Long Beach Apartments
Marcus & Millichap Capital Corporation (MMCC) arranged $10,000,000 for the refinancing of the Orange Terrace Apartments, a 72-unit multifamily property… Read more
Shopoff Pre-Sells 70% of Newport Beach Condo Project
Shopoff Realty Investments said Tuesday it had pre-sold more than 70% of its luxury condominium project, Parkhouse Residences at Uptown Newport in… Read more
Fully Occupied Corona Retail Center Trades in All-Cash Deal
CBRE arranged the $7.8-million sale of Main Street Village Center, a 20,000-square-foot-retail center located at 135, 175, and 265 E.… Read more
Ware Malcomb Completes Industrious Workspace at San Francisco Ikea
Construction is complete on Hej!Workshop by Industrious, a flexible workspace in downtown San Francisco’s Mid-Market district. Ware Malcomb provided interior architecture and… Read more
Construction Wraps on Largest Gov’t Office Complex in California History
Construction has been completed for the May Lee State Office Complex in Sacramento’s River District, where seven state agencies will start… Read more
Gantry Secures $40.5M Loan for Oregon MF
Gantry has secured a $40.5 million permanent loan to retire construction financing for the recently completed and now-stabilized class-A apartment… Read more
Newmark Bolsters Private Capital Market Platform with New Hires
Newmark hired industry veterans Andrew Jennison as vice chairman and Daniel Pickart as senior managing director. Based in the Century… Read more
Costa Mesa Apartments Trade for $479K Per Unit
CBRE arranged the sale of a 12-unit multifamily property, Ebtide, in Costa Mesa for $5.75 million to a private investor. The selling… Read more
Sunrise Senior Living Holds Grand Opening in Oceanside
Sunrise Senior Living recently held the the grand opening of its newest community, Sunrise of Oceanside. Located at 4845 Mesa Dr.… Read more
Equinix, PGIM Real Estate JV on xScale Data Center in San Jose
Equinix, Inc. and PGIM Real Estate formed a $600-million joint venture to develop and operate the first xScale data center in the U.S., located… Read more
Partners Group Commits $500M to Trinity Investments
Partners Group will acquire a minority stake in Trinity Investments, a hospitality-focused real estate investor, to support its future growth. Partners Group will initially… Read more
Prime Multifamily Metrics Tick Upward for First Time in Two Years
Multifamily metrics including going-in cap rates, exit cap rates and unlevered IRR targets for prime assets showed slight improvement in… Read more
Northmarq Delivers $51M Refi of 1920s-Vintage Portfolio
SVP and managing director Zalmi Klyne of Northmarq’s Los Angeles Debt + Equity team secured the $50.75-million refinance of a 10-property portfolio in the… Read more
Former Urgent Care Clinic Leased to Optometrist
Quantum Real Estate Advisors, Inc. has brokered the lease of a 1,280-square-foot medical building located at 2005 W. Alameda Ave.… Read more
Graystone Promotes Net Lease Specialist to First VP
Graystone Capital Advisors, an investment sales brokerage headquartered in Newport Beach, promoted Florida-based Shannon Bona to first VP. Bona joined… Read more
35-Unit Concord Apartment Property Fetches $9M
CBRE arranged the sale of California Villas, a 35-unit multifamily community in Concord. A private buyer purchased from a local private… Read more
IRA Capital Acquires 237K-SF Life Science, R&D Campus in Columbus
IRA Capital, a Southern California-based real estate private equity firm, has acquired a 237,000-square-foot life science campus in the Easton… Read more
Avatar Financial’s T.R. Hazelrigg IV on the Higher-for-Longer Scenario
In the realm of commercial real estate financing, much has changed over the past year in some respects, while in… Read more
Gantry Secures $10M to Refinance WA Grocery-Anchored Retail
Gantry has secured a $10 million permanent loan to refinance a near-term maturity for the Nob Hill Shopping Center, an… Read more