California
UCLA Anderson Forecast: Restrained Growth but No Recession in 2024
The first UCLA Anderson economic forecast of 2024 continues the same positive track on which the forecast ended 2023, seeing… Read more
Apartment Rents Rise Nationally for First Time in Seven Months
Asking rents for apartments posted their first nationwide increase in more than seven months in February, Yardi Matrix said Wednesday.… Read more
Malibu Mixed-Use Garners $135M Financing
JLL Capital Markets closed a $135-million first lien financing for Cross Creek Ranch, a 122,324-square-foot, trophy mixed-use property located at 23465… Read more
Greystone Arranges Financing for Bellflower Apartment Additions
Greystone has provided $19,050,000 in bridge-to-agency financing for a 118-unit multifamily property in Bellflower. Intended to facilitate the refinancing and… Read more
TLC Modular Lines Up Luxury Condos for Desert Hot Springs
TLC Modular USA and ABJA Ohana LLC will develop Pierson 88, an 88-unit luxury condominium development in Desert Hot Springs. Slated for groundbreaking later this… Read more
X Team Names Econic’s Chung as Western Regional Director
X Team Retail Advisors has named founder and principal James Chung of Campbell, CA-based The Econic Company, and Jeff Townsend,… Read more
MF Portfolio in Hayward, San Leandro Goes for $30M
Transwestern Real Estate Services brokered the sale of a two-complex multifamily portfolio consisting of Vermont Hills Apartments in Hayward and the… Read more
DisneylandForward Proposal Gets Nod from Anaheim Planners
Anaheim’s Planning Commission on Monday approved zoning and planning changes for DisneylandForward, a multi-decade project to expand the footprint of… Read more
Nordstrom to Open More than 20 New Rack Stores in 2024
Nordstrom plans to open 22 new Rack stores this year, focusing on solely growing its discount Rack department stores as… Read more
TruAmerica Multifamily Names New IR Director
Los Angeles-based TruAmerica Multifamily said Monday that Alexis Sofyanos joined the firm as director, investor relations. Based in Chicago, Sofyanos… Read more
OC Apartment Vacancies Remain Among Nation’s Lowest Despite Uptick
Apartment vacancies in Orange County rose 10 basis points toward the end of the fourth quarter of 2023, Northmarq reported.… Read more
New-Format 7-Eleven Fetches Nearly $8M in San Bernardino
Hanley Investment Group Real Estate Advisors arranged the sale of a new construction, single-tenant property occupied by a 7-Eleven convenience store… Read more
Yuba City Sale Shows Strength of Local Market
Marcus & Millichap finalized the sale of White Front Apartments, a 12-unit apartment property located in Yuba City. The sale price was $1,440,000. “The… Read more
SF Office-to-Resi Project Faces Foreclosure Proceedings
The first project approved in San Francisco to convert vacant commercial space into housing in the wake of the pandemic has hit… Read more
Plan for New Bay Area City Aims for November Ballot
Amid opposition from some lawmakers and environmental groups, the prospective developers of a new city in Solano County on land… Read more
Gantry Arranges $28M Refi on Fully Leased Torrance MOB
Gantry secured a $28-million permanent loan to refinance the Torrance Memorial Lundquist-Lurie Cardiovascular Center located at 2841 Lomita Blvd. in Torrance. The three-story,… Read more
Mad Lab Coffee Signs on with Sentral for DTLA Space
Sentral DTLA 755, a resort-style residential community located in Downtown Los Angeles, has signed a lease with Mad Lab Coffee… Read more
Sports and Entertainment District Adds CHOC as Founding Partner
Sports and entertainment district OCVIBE in Anaheim has added Children’s Hospital of Orange County (CHOC) as a founding partner. OCVIBE… Read more
Otay Mesa Project Lands Approvals After 12 Years in Planning
San Diego planners gave unanimous approval recently to Cornerstone Communities for an Otay Mesa project with 450 townhouses, reported the… Read more