California
CORFAC International Adds New Affiliate Firms to Company’s Network
CORFAC International, a global network for independently owned commercial real estate firms, saw membership grow by nine firms in 2023,… Read more
Decron Divests Thousand Oaks Portfolio for $171M
Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the $171.25-million sale of a two-property, 399-unit multifamily portfolio… Read more
Net-Leased Rally’s Drive-Thru Trades in Porterville
El Segundo-based Beta Agency has completed the sale of a Rally’s fast-food restaurant in Porterville. Adam Friedlander, SVP of Beta,… Read more
CARGO Biotech Leases 100K SF with Alexandria in San Carlos
Alexandria Real Estate Equities, Inc. said Thursday it had executed a long-term lease with CARGO Therapeutics for 99,557 square feet… Read more
BKM Capital Partners Acquires 450K SF Portland Industrial Park
BKM Capital Partners, an institutional fund manager, has acquired the 217 Distribution Center, a five-building, multi-tenant industrial park in metro… Read more
Faris Lee Closes Brea Retail Sale Despite Challenges
Faris Lee Investments closed the sale of Brea Promenade, a retail center in Brea. Senior managing director Scott DeYoung represented… Read more
CushWake Advises Sale of Apartments in Downtown Bellevue for $16M
Cushman & Wakefield has brokered the sale of Bellefield Manor, a 44-unit apartment in downtown Bellevue, Washington. The value-add asset… Read more
SHVO: Transamerica Pyramid Revamp Will Generate $2.5B Annual Economic Output
SHVO and economic development and research firm HR&A Advisors said Thursday that the redevelopment of Transamerica Pyramid Center is expected… Read more
Crescent Acquires Denver’s Riverview for $129M
Crescent is well known in DFW, and is becoming much better known in Denver. The company has purchased the building,… Read more
ExchangeRight Fully Subscribes 13-State DST Portfolio
Pasadena-based ExchangeRight, a provider of diversified real estate DST and REIT investments, has fully subscribed Net-Leased Portfolio 63 DST, a… Read more
1031 Buyer Acquires Five Apartment Properties in Torrance, Long Beach
CBRE finalized the acquisition of five multifamily properties in Torrance and Long Beach on behalf of an exchange buyer. The five transactions… Read more
E-Commerce Tenant Leases Newport Beach Headquarters Space
E-commerce consumer products firm Best Choice Products (BCP) has signed a headquarters lease for 53,478 square feet at 100 Bayview in Newport… Read more
Out-of-State Seller Trades San Diego Multifamily with Renovation Upside
Marcus & Millichap arranged the sale of 4368 Wilson Ave., a seven-unit apartment property located in San Diego’s Normal Heights neighborhood. The… Read more
Antioch Parcel Sale Completes Assemblage for Master-Planned SFR Project
Kennedy Wilson Brokerage closed the $3.75-million sale of an 8.25-acre parcel known as Delizia Ranch in Antioch. The sale marks the beginning of the development path… Read more
JPMorgan Provides Its First-Ever Construction Loan on 100% Workforce
Thrive Living, with the support of JPMorgan Chase, will develop a new 376-unit affordable and workforce housing community in Los Angeles, financed… Read more
World Surf League Catches Wave in El Segundo with New HQ Space
Savills oversaw the relocation of the World Surf League’s (WSL) headquarters to El Segundo. The global home of competitive surfing will… Read more
CBRE’s Newport Beach Retail Team Completes 1,000th Sale
CBRE’s NRP – Newport Beach Retail Investment Team completed its 1,000th retail investment sale transaction with the closing of Komar… Read more