California
Chicago Apartments Part of $10B Blackstone, AIR Communities Deal
Blackstone will acquire Apartment Income REIT Corp., known as AIR Communities, in an all-cash transaction valued at approximately $10 billion,… Read more
Primestor Snaps Up Oxnard Community Center for $90M
Primestor Development, a minority-owned and led real estate development and investment firm based in Los Angeles, acquired Esplanade Shopping Center, a… Read more
MBP Adds StackSource to Bolster Capital Provider Relations
Beverly Hills-based Max Benjamin Partners (MBP), a boutique real estate advisory firm providing capital solutions to developers and investors, acquired StackSource, a… Read more
AMP&RSAND Office Complex Adds Four Tenants in Mission Valley
Casey Brown Company’s AMP&RSAND, an award-winning creative office redevelopment of the former San Diego Union-Tribune HQ and Press in San… Read more
Los Gatos Retail Trades for $1K+ Per Square Foot
Marcus & Millichap arranged the sale of a 4,401-square-foot, 100% occupied retail property located at 52 N. Santa Cruz Ave.… Read more
Q&A with Marsh McLennan Agency’s Taylor Lister on Navigating Insurance Challenges
Commercial real estate owners and investors have been challenged in recent years by increasing expenses in areas ranging from borrowing… Read more
It’s Time to Nominate CRE’s Rising Stars for 2024
The deadline is drawing near for nominations in Connect CRE’s eighth annual Next Generation Awards. Although response has been positive,… Read more
Blackstone Taking Apartment Income REIT Private for $10B
Blackstone and Apartment Income REIT Corp. (AIR Communities) said Monday that Blackstone Real Estate Partners X will acquire all outstanding… Read more
MMCC Secures Refi on JoAnn Fabrics in Glendale
Marcus & Millichap Capital Corporation (MMCC) arranged $11,200,000 to refinance a JoAnn Fabrics and Crafts store located at 1000 S.… Read more
Local Buyer Snaps Up Anaheim Apartments
CBRE closed the sale of a seven-unit multifamily property in Anaheim to a private investor for $2,525,000. The selling price represents… Read more
New Deliveries Drive San Diego Q1 Office Vacancies
Vacancy rates continue to rise throughout the San Diego office market in the first quarter of 2024, increasing 70 basis… Read more
Healdsburg Winery Secures Construction Financing
Gantry secured a $7.15-million construction-to-permanent loan for the build-to-suit development of dedicated facilities serving Auteur Wines, a California vintner-founded winery… Read more
CA Assembly Bill Advances with New Regs on Security Deposits
The California Assembly Judiciary Committee approved a bill proposing new regulations on how landlords manage security deposits, while also aiming… Read more
99 Cents Only Stores Closing All 371 Locations
Commerce, CA-based 99 Cents Only Stores LLC said Thursday afternoon it would close all 371 of its stores. The company entered… Read more
New Owner of La Fayette Park Apartments Eyes Workforce Housing
(Updated with additional information) Colliers arranged the $43,440,000 sale of a three-story, 120-unit apartment community in the historic Los Angeles… Read more
LPC Refis West LA’s Wateridge Campus for $65M
JLL Capital Markets arranged $65 million in refinancing for Wateridge, a six-building office and retail campus totaling 583,580 square feet at… Read more
California People and Company News for April 5, 2024
Be there in person for the 8th Annual Connect Los Angeles 2024, May 1 at the Intercontinental Los Angeles Downtown. Industry leading experts… Read more
CareTrust REIT Acquires CCRCs in San Diego, LA and OC
San Clemente-based CareTrust REIT, Inc. has purchased three continuing care retirement communities (CCRCs) located in Los Angeles, Orange, and San… Read more
Grosvenor Launches North American Net Zero Carbon Pathway
Grosvenor, an international property owner and developer with U.S. headquarters in San Francisco, has launched its Pathway to Net Zero,… Read more