California
Veritas Buys Seattle Apartment Buildings for $18M
An entity affiliated with Veritas Investments, a real estate firm under financial strain for its properties in California, recently bought… Read more
Veritas Puts Rent-Controlled Portfolio Up for Sale
San Francisco-based Veritas Investments has listed a 23-building portfolio spanning 762 rent-controlled apartments, the San Francisco Chronicle reported Tuesday. Eastdil… Read more
X-Caliber Affiliates Provide $122M Refi on Historic Long Beach Hotel
X-Caliber Funding, a national, direct commercial real estate lender, and CastleGreen Finance, an X-Caliber affiliate that provides capital through Commercial… Read more
Palm Springs Resort Sells for Conversion to Apartments
CBRE facilitated the sale of the Tuscany Manor resort in Palm Springs for $4.75 million. The private buyer plans to turn the… Read more
Rental Townhomes Change Hands in El Cajon
Northmarq’s San Diego multifamily investment sales team of SVPs Erik Anderson and Benn Vogelsang completed the sale of an eight-unit… Read more
Newly Built Visalia Starbucks Trades to 1031 Buyer in All-Cash Deal
Hanley Investment Group Real Estate Advisors arranged the sale of a newly constructed Starbucks Drive-Thru in Visalia. The single-tenant building, featuring… Read more
FTC, 9 States Sue to Block Kroger-Albertsons Merger
On the heels of Washington’s state attorney general suing to block the $24.6 billion mega-merger of Kroger and Albertsons, the… Read more
California Remains the Hub for AI Hiring, Tenant Demand
Although the surge in artificial intelligence (AI) helps drive tech employment and occupancy nationwide, California has the highest concentration of… Read more
Greenberg Traurig Adds Real Property Shareholder in LA and Austin
Global law firm Greenberg Traurig, LLP expanded its real estate practice with the addition of shareholder Paul M. Williams. He… Read more
Skanska Completes Pilot Program with Low-Emission Volvo Excavator
Skanska completed a 90-day pilot program using the Volvo EC230 Electric excavator on the Purple (D Line) Extension Transit Project… Read more
Madison Reed Joins Tenant Roster at DJM’s Bella Terra
Private equity real estate developer DJM said its mixed-use residential development and shopping center, Bella Terra in Huntington Beach, has opened a… Read more
Owner-Occupier Snags Otay Mesa Industrial
Marcus & Millichap closed the sale of a 20,000-square-foot industrial facility situated in San Diego’s Otay Mesa submarket. Located at 9870… Read more
Hines Secures 175K SF of Leases at Santa Clara Tech Park
Cushman & Wakefield represented Hines in executing three leases totaling approximately 175,000 square feet of R&D/manufacturing space at the Bassett… Read more
Prado Group Expands Scope of SF Medical Center Redevelopment
The Prado Group, which acquired the former California Pacific Medical Center (CPMC) campus in San Francisco for $50 million in… Read more
VIDEO: Experts Predict Greater CRE Loan Volume, with a Few Caveats
Commercial real estate lending volume will increase in 2024 compared to last year, CRE finance experts told Connect CRE at… Read more
CBRE Closes Sale of Apartments Along Wilshire’s “Golden Mile”
CBRE and Carolwood Estates brokered the sale of Utama Royale, a luxury 18-unit multifamily building located at 10351 Wilshire Blvd.… Read more
Anaheim Multifamily Fetches $79M; First Sale in 50 Years
Marcus & Millichap closed the sale of Chateau de Ville, a 254-unit multifamily property in Anaheim. The asset was brought… Read more
Ontario Warehouse Secures Refi Through Life Company
Ory Schwartz, managing director of Northmarq’s Los Angeles and Miami Debt + Equity teams, secured a $5-million refinance for a 115,316-square-foot industrial property… Read more
