California
Active Adult Condo Project Lands $51M Financing
JLL Capital Markets arranged $51.1 million in construction financing for 375 W El Pintado, a 50-unit, active adult luxury condo development in Danville. A… Read more
Transformative One Beverly Hills MXU Breaks Ground
The developers of One Beverly Hills held a ceremonial groundbreaking Thursday for the mixed-use project. With a final cost estimated… Read more
NYC Ranks 3rd Most Expensive MSA for Open Workspaces
Albany, NY, and Santa Maria, CA, boast the highest median rates for open workspaces at $250/month at the end of Q4 of… Read more
Losses on CMBS Loans Increase in January
January saw $834.0 million in CMBS loans resolved at a loss, with $382.3 million in losses total, carrying an average… Read more
Rexford Pays $84M for Industrial in Low-Vacancy San Gabriel Valley
Rexford Industrial Realty said it had acquired 5000 & 5010 Azusa Canyon Rd., Irwindale, located in the LA San Gabriel Valley submarket, through an… Read more
UCI Health to Add Four SoCal Hospitals for $975M
The Regents of the University of California, on behalf of the University of California, Irvine, entered into a definitive agreement… Read more
Irvine Company Ends 2023 with 91% Occupancy at Office Portfolio
Irvine Company notched another strong year of activity in 2023, leasing 9.5 million square feet of premium office space to more… Read more
Cedar Street/Quartz Lake JV Acquires Land for Hillcrest Apartments
A joint venture partnership between Cedar Street Companies and Quartz Lake Capital has completed the acquisition of a land assemblage in the Hillcrest… Read more
BH Properties Adds Regional Office in San Francisco
BH Properties, a vertically integrated, value-add real estate investment company, has opened a new regional office in San Francisco. The firm… Read more
Allen Matkins/UCLA Survey: Adaptive Reuse of Office on the Rise
The Winter 2024 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, released Wednesday, shows that adaptive reuse of office… Read more
Creative Ad Agency Moon Rabbit Relocates to SoHo
Moon Rabbit, a NYC-based creative advertising agency, has announced the leasing of 6,604 square feet on the 12th floor of… Read more
citizenM Receiving Guests in Austin
citizenM, a chain that says its properties offer affordable luxury hotels, opened its first Austin-based property – citizenM Austin Downtown. Developed… Read more
Clayco Taps Former World Business Chicago CEO to Lead Growth
Clayco, a full-service real estate, architecture, engineering, design-build, and construction firm, has hired business executive Michael Fassnacht as president of… Read more
Hanley Arranges Sale of $12M Grocery-Anchored Center in Minneapolis
Hanley Investment Group Real Estate Advisors, a real estate brokerage and advisory firm specializing in retail property sales, arranged the… Read more
Kirk Helgeson Named President at American Realty Advisors
Kirk Helgeson has been named president of American Realty Advisors, succeeding Scott Darling. Helgeson will continue to serve as the… Read more
Bolour Secures Entitlements for West LA Apartments
Privately-owned real estate investment, development and finance company Bolour Associates Inc. has secured the entitlements to build a new five-story, for-rent residential apartment… Read more
1M-SF Industrial Outdoor Storage Portfolio Trades in Inland Empire
JLL Capital Markets arranged the sale of a three-property, one-million square foot industrial outdoor storage (IOS) portfolio within the Inland Empire,… Read more