California
Presidio’s Commercial Portfolio Ends ’23 with 97% Occupancy
Commercial leasing operations in the Presidio of San Francisco closed the 2023 calendar year with an occupancy rate of 97%, surpassing the San Francisco downtown occupancy… Read more
CA Storm Damage Total Could Reach $11B
The wind-whipped storm that dropped an historic amount of rain on California this week has caused as much as $11 billion in damage… Read more
CRE Pricing Posts Modest Increase in January
The Green Street Commercial Property Price Index increased modestly in January, rising 0.3% from the end of 2023. The all-property index, a measure… Read more
It’s Time to Nominate CRE’s Top Leasing and Sales Brokers
The deadline is drawing near for nominations in Connect CRE’s seventh annual Top Broker Awards. Friday, Feb. 9 is the due date for… Read more
Spirit Realty’s Jackson Hsieh Joins Macerich as New CEO
Jackson Hsieh will become the president and CEO of The Macerich Company on March 1, following the retirement of Thomas… Read more
LA Starbucks Drive-Thru Trades to 1031 Buyer
Hanley Investment Group Real Estate Advisors arranged the sale of a single-tenant Starbucks café with a drive-thru at 1789 W. Jefferson… Read more
Ontario Warehouse Secures Full-Building Lease
DAUM Commercial Real Estate Services completed the lease of a 102,878-square-foot freestanding Class A industrial property in Ontario. The building was… Read more
Sorrento Mesa Business Park Sells for $45M
Colliers arranged the $45,000,000 sale of Sorrento View Business Park, a seven-building, multi-tenant, Class-A, mixed-use/flex business park in the central… Read more
Supermicro Goes Under Contract for Entitled San Jose Site
Locally based computer server manufacturer Supermicro plans to expand its footprint in San Jose and is under contract to acquire… Read more
Boston Leads US in Office Space Under Construction
The U.S. office market is experiencing changes in construction activity, with around 97 million square feet of office space in… Read more
Northwestern Mutual Divests Otay Ranch Apartments for $116M
JLL Capital Markets closed the $116-million sale of, and $71.842-million acquisition financing for, Pulse Millenia, a 273-unit, garden-style multi-housing community located… Read more
ExchangeRight Ranks as Third Largest DST Sponsor
Pasadena-based ExchangeRight, a leading provider of diversified real estate DST and REIT investments, said it ended 2023 as the third largest… Read more
Ware Malcomb Elevates Four to Practice Leader Roles
Ware Malcomb, an international design firm headquartered in Irvine, has appointed four senior team members to a newly created leadership… Read more
Steel Peak Snags IOS Property for $6M
Steel Peak, a commercial real estate investment firm focused on industrial outdoor storage (IOS) properties, acquired a four-building, 12,000-square-foot IOS… Read more
Panattoni Trades Multi-Tenant Sacramento Industrial
Panattoni Development Company has sold 3950 Duckhorn Dr. within Natomas Logistics Center located in Sacramento. Terms of the sale weren’t… Read more
JLL Arranges Construction Debt on Dual-Branded Sand City Hotel
JLL Capital Markets arranged a total of $67.1 million in construction financing for the development of the 215-key, dual-branded hotel,… Read more
Jonathan Firestone Joins Newmark from Eastdil to Co-Head Debt Platform
Newmark Group, Inc. has hired Jonathan Firestone as co-president, Global Debt & Structured Finance. Firestone will run Newmark’s debt platform alongside New York-based Jordan… Read more
Single-Family Rental Outlook Remains Positive Despite 2023 Headwinds
Single-family rental operating fundamentals outperformed many sectors in 2023, but fell short of elevated expectations, Green Street says in a… Read more
Real Estate VP Lumley Retires from BLT Enterprises
BLT Enterprises, a multi-faceted real estate investment company, said that Robert “Bob” Lumley, VP of real estate, has retired. After 20… Read more