California
Apparel Firm Buys Irvine Offices as Owner-Occupier
E&N Highpoint LLC has acquired a two-story, 6,171-square-foot flex/R&D building located at 16150 Scientific Way in Irvine for $3.21 million. The… Read more
Restaurant Business Acquires San Diego Industrial
Marcus & Millichap recently closed the sale of a 6,300-square-foot industrial property located in San Diego. The asset sold for $1,580,000. “The sale… Read more
Medical Device Maker Spends $157M on Santa Clara Properties
Medical device manufacturer Intuitive Surgical; has acquired three Santa Clara properties for a combined $157 million, reported the Mercury News.… Read more
40’s-Era Miami Beach Hotel Owners Putting $85M into Renovations
Westdale Properties, King Street Capital Management and Cedar Capital Partners are combining to give Shelbourne South Beach an $85 million… Read more
Pebblebrook Sells Marina City Retail Space for $30M
Pebblebrook Hotel Trust completed the sale of the Marina City retail space and two parking facilities adjacent to its Hotel… Read more
Developer Wood Partners Sells Alta Arlo Apartments for $97M
An entity related to Carmel Partners, a San Francisco-based real estate investment management firm, has acquired the Alta Arlo apartments… Read more
California Existing-Home Sales Fall to 16-Year Low
With borrowing costs remaining elevated, California existing-home sales registered the biggest monthly decline in the past year and dropped in November to… Read more
UCLA Acquiring Former Westside Pavilion from Hudson Pacific, Macerich
UCLA is acquiring the former Westside Pavilion in Los Angeles for an undisclosed sum from Hudson Pacific Properties and Macerich,… Read more
Aon Center Trades in DTLA’s Largest Office Sale of 2023
(Updated with additional information) Colliers arranged the $147.8-million acquisition of Aon Center, a 1.1-million-square-foot office tower at 707 Wilshire Blvd.… Read more
C.W. Driver Completes Temple City Residential
Construction firm C.W. Driver Companies announced the completion and opening of Begonia Place in Temple City, a neighborhood northeast of… Read more
Rancho Cucamonga Parcel Will Support Mixed-Use Project
Progressive Real Estate Partners brokers Chris Lindholm and Paul Galmarini closed the sale of a 1.73-acre parcel of vacant land for $3,000,000 in an all-cash… Read more
Brixton Capital Acquires Value-Add Center from Kimco
Brixton Capital, a privately held real estate investment firm, has acquired Monterey Plaza, a 178,204-square-foot shopping center in San Jose, from… Read more
Skanska Divests Newly Built L.A. Offices for $71M
Skanska has sold 9000 Wilshire, an office building it developed in Beverly Hills, to a company based in Europe for approximately $71 million.… Read more
Activision to Open First Office in Boston
Activision Blizzard Inc., a Santa Monica-based video game company, is subleasing a full floor at The Hub on Causeway Tower… Read more
Colliers Mortgage Adds William Hyatt as VP
Colliers Mortgage, the debt financing arm of Colliers | U.S., has grown its Los Angeles based Structured Finance Group with… Read more
Santa Maria Raising Cane’s Drive-Thru Goes for $5M
Hanley Investment Group Real Estate Advisors arranged the sale of a new-construction, single-tenant Raising Cane’s Chicken Fingers Double Drive-Thru restaurant within… Read more
National CORE Launches Its 24th Affordable Project in San Diego County
Nonprofit affordable housing developer National CORE recently launched construction of its 24th San Diego community, continuing a decades-long partnership with the County of San Diego, San Diego Housing Commission and the… Read more