California
Salk Institute Puts New $250M Sci-Tech Center on Hold
The Salk Institute in La Jolla has decided to delay construction of a $250-million science and technology center by three… Read more
Original Developer Divests Napa Apartments for $47M
Marcus & Millichap arranged the sale of Creekside Park I and II, a 188-unit, two-property multifamily portfolio in Napa. The portfolio sold for… Read more
CAA Opposes Bill to Create Tenants’ Rights Office
The California Apartment Association (CAA) said Tuesday it opposes legislation introduced last month seeking to establish an Office of Tenants’… Read more
JLL Arranges JV Equity for Echo Park Apartment Project
JLL Capital Markets arranged a joint venture equity partnership for Allesandro Apartments, a to-be-built, 43-unit multifamily project in the Echo Park neighborhood of… Read more
Five Point Holdings Elevates Mike Alvarado to COO
Five Point Holdings, LLC, an Irvine-based owner and developer of large mixed-use planned communities in coastal California, appointed Mike Alvarado… Read more
Frontier Airlines Adds Nonstop Flights from Ontario Airport
Ontario International Airport (ONT) announced that Frontier Airlines will offer nonstop service to El Paso International Airport (ELP), increasing the number of nonstop… Read more
Silicon Valley Data Center Market Remains Robust
In spite of increasing costs for power and land, the data center market in the San Francisco Bay Area remains robust and… Read more
Paramount May Give Back San Francisco Office Towers
New York-based office REIT Paramount Group Inc. appears poised to give up a pair of downtown San Francisco office properties… Read more
Lightstone Launches $500M Rescue Capital Platform
Lightstone, a real estate firm, has launched a new rescue capital platform aimed at deploying $500 million across multifamily, industrial,… Read more
Apparel Wholesaler Acquires Vernon Warehouse as Expanded HQ
DAUM Commercial Real Estate Services completed the sale of a 40,129-square-foot industrial property to Privy, which will be used as… Read more
BWE Lines Up $225M Financing on OC Multifamily
BWE secured $224,699,000 in financing for a six-property, 1,192-unit multifamily portfolio in Orange County. Five properties in the portfolio were… Read more
Class A Offices Trade for $14M in Temecula
CBRE recently negotiated the sale of the Tower Office Plaza in Temecula for $13.8 million to Level Asset Capital. Matt Pourcho, Anthony DeLorenzo, Matt… Read more
San Diego MF Owners Divest After 50 Years
Marcus & Millichap closed the sale of Casa Florencia, a 12-unit apartment property located at 1433 Thomas Ave. in San Diego. The asset was sold… Read more
Santa Clara Apartments Fetch $125M in Sale to AZ Buyer
(Updated with additional information) The Prado apartment complex in Santa Clara has sold for $125 million, reported the Mercury News.… Read more
In-N-Out Plans Washington Debut
Washington is about to get the state’s first location for the iconic California burger chain In-N-Out. The restaurant would be… Read more
VIDEO: Guarded Optimism Around the Outlook for CRE Finance
As commercial real estate moves through the first quarter of 2024, “I feel that there’s cautious optimism,” Adam S. Finkel,… Read more
Former Westfield San Francisco Centre Poised for Revival
The former Westfield San Francisco Centre will be rebranded as Emporium Centre San Francisco. Trident Pacific Real Estate Group and JLL, which has been brought in to… Read more
Chip Cleaning Company Leaving CA for Mesa
Pentagon Technologies Group is investing $50 million in a new semiconductor equipment cleaning facility in Mesa that is expected to… Read more
