California
Hines REIT Acquires San Jose Multifamily, Will Rebrand
Hines Global Income Trust, Inc. (HGIT) has acquired Hanover Diridon, a Class-A multifamily asset located in San Jose. The seller and… Read more
Snap Inc. Renews Full 467K-SF Space in Santa Monica
BXP said Tuesday that it has signed a 10-year, approximately 467,000-square-foot, multi-building lease extension with Snap Inc. at Santa Monica… Read more
CBRE Arranges Sales of Nine Big Lots to Two Buyers
CBRE arranged the sale of nine individual Big Lots store locations in Southern California and Florida to two buyers, Robhana Group and Reliable… Read more
Blackstone Takes Minority Stake in AEC Firm Salas O’Brien
Funds managed by Blackstone have made a strategic minority growth investment in Irvine-based Salas O’Brien, an employee-owned engineering and technical… Read more
Rising, DRA Partner on Industrial Portfolio in Stockton, Tracy
Rising Realty Partners (RRP) has partnered with DRA Advisors to acquire a portfolio of six light industrial properties totaling 531,308 square… Read more
Architectural Firm Relocates to San Diego’s Makers Quarter
San Diego based Roseling Nakamura Terada Architects, Inc. (RNT) has signed a long-term lease for 10,201 square feet on the… Read more
Carmel Partners Taps Bryan Crane as CIO
Bryan Crane will join Carmel Partners as CIO and managing partner, effective Jan. 29. Based in Carmel’s San Francisco headquarters,… Read more
Western National, ArrowMark Team on SoCal Multifamily Venture
Denver-based ArrowMark Partners, and Irvine-based Western National Group have formed a programmatic co-GP venture that will invest in multifamily projects… Read more
Colliers Team Closes Fannie Mae Loan on Bellflower Multifamily
The Colliers Structured Finance Group (SFG) has closed a $27,765,000 Fannie Mae loan for the refinancing of Edgeway, a 91-unit… Read more
Huntington Beach Apartments Fetch $127M
The Mogharebi Group (TMG) arranged the $127-million sale of Regency Palms, a 310-unit gated multifamily community in Huntington Beach, in what is one… Read more
Red Mountain Group Trades STNL Texas Roadhouse
Red Mountain Group Inc., an Orange County-based retail redevelopment firm, closed the recent sale of a single-tenant net leased Texas… Read more
Lee & Associates NSDC Adds Investment Sales Duo
Lee & Associates – North San Diego County (NSDC) has added Robert Black and Christopher Armes, who specialize in senior… Read more
CapRock Moves Ahead of Schedule on 1.3M-SF Spec Industrial
CapRock Partners said Building 1 at CapRock Central Point III in Visalia has completed the tilting of the building’s concrete panel walls, forming its… Read more
Underwriting Metrics Improve for Prime Multifamily
Prime multifamily metrics continued increasing in the fourth quarter of 2023, CBRE said Friday. Unlevered IRR targets, going-in cap rates… Read more
CAA Warns of Ballot Measure to Overturn Costa-Hawkins
The California Apartment Association (CAA) warned members about an upcoming statewide ballot measure, the Justice for Renters Act. If approved,… Read more
Hanley Closes Two Single-Tenant Sales at Lancaster Shopping Center
Hanley Investment Group Real Estate Advisors completed the sale of a single-tenant Smart & Final Extra! and a single-tenant dd’s… Read more
Bushfire Kitchen Slates First OC Location
Bushfire Kitchen, a California-based restaurant brand, is set to open its newest location in Mission Viejo. The restaurant is set to… Read more
Peachtree Provides $73M Financing on Dual-Branded San Diego Hotel
Peachtree Group originated $73 million in a construction loan and CPACE financing for the development of a 263-key dual-brand Home2… Read more