California
Greg May and Newmark Part Ways
(Updated with additional information) Greg May, West Region market leader for Newmark, has been let go from the company, Connect… Read more
ShainRealty Capital Divests Chicago Apartments for $11M
ShainRealty Capital, a Los Angeles privately-owned real estate investment firm, has sold a 96-unit Chicago apartment building, known as Madison… Read more
Port of LA, Caltrans to Reconfigure SR-47 Interchange in San Pedro
The Port of Los Angeles and California Department of Transportation (Caltrans) will start work this month on a $130-million project… Read more
Montebello Warehouse Will Serve as Tenant’s First U.S. “Last Mile” Facility
DAUM Commercial Real Estate Services completed the lease of a 2.2-acre industrial property with a 54,648 square-foot freestanding Class A logistics… Read more
Tourmaline Capital Snaps Up Anaheim Hills Retail
JLL Capital Markets closed the $16.7-million sale of Anaheim Hills Shopping Village, a 67,528-square-foot retail center located in Anaheim. Senior director Daniel Tyner and managing… Read more
Berkadia Closes $82M Chula Vista Multifamily Deal
Berkadia Institutional Solutions arranged the sale of Terra Nova Villas, a 233-unit apartment community in Chula Vista. Senior managing directors Rachel… Read more
Popular Local Bakery Leases Storefront with Trumark Homes
Lawson’s Bakery has signed a lease to relocate across town to a new retail space at Trumark Homes’ townhome community,… Read more
Ethan Penner to Take the Stage for Keynote Interview at Connect Los Angeles
He’s been called a Wall Street legend and the father of CMBS, and now he’s a published author as well.… Read more
REO Sale of DTLA Mixed-Use Draws Deep Pool of Bidders
Colliers arranged the $13,450,000 REO sale of a 43,700-square-foot mixed-use retail/office property, 1001 Towne Ave., located in the Fashion District… Read more
Vacant Industrial Sets Pricing Record for Gardena
Matthews Real Estate Investment Services represented the seller in the $10,695,000 disposition of 14011 S. Normandie Ave., a vacant industrial… Read more
Residential Development Site Changes Hands in Santee
Marcus & Millichap closed today the sale of a 2.02-acre development site located in Santee. The asset was sold for $1,100,000. “This prime real… Read more
Shellmound Site in Berkeley Returned to Ohlone Tribe for $27M
A 2.2-acre piece of land in West Berkeley known as the Ohlone Shellmound village site will be handed over to… Read more
One Beverly Hills Secures $2B Construction Loan
Cain International has secured $2 billion in construction financing to support the development of One Beverly Hills, a nearly 18-acre… Read more
The Old CRE Terms: They Ain’t What They Used to Be
The terms “gateway markets” and “core property types” are timeless commercial real estate categories. Gateway markets define major metropolises (think… Read more
LA Secures Nearly $900M of Infrastructure Funding Ahead of 2028 Olympics
The Los Angeles region has secured nearly $900 million in funding to strengthen critical infrastructure, expand the Metro Rail system… Read more
CIM Trades DTLA Tower to FPA Multifamily
CIM Group and FPA Multifamily confirmed published reports that they were the seller and buyer, respectively, in the sale of… Read more
Shopoff Finds Buyers for Two Office Condos at Waypoint Newport
Shopoff Realty Investments has sold two office condominiums in its Waypoint Newport project, located at 4440 Von Karman Ave. in Koll… Read more
Drawbridge Completes Spec Office/R&D project in Rancho Bernardo
Drawbridge Realty has completed 16705 Via Del Campo Ct. in Rancho Bernardo. The three-story, Class A office/R&D property is the first… Read more