California
McCarthy Breaks Ground on Housing for UC Riverside, City College Students
McCarthy Building Companies, Inc. broke ground on the $285-million, 424,000 square-foot North District Phase 2 Student Housing Development at University of California, Riverside (UCR).… Read more
RectorSeal Commits to 240K SF at Tejon Ranch
The partnership of Tejon Ranch Co. and Majestic Realty Co. secured a lease with RectorSeal, LLC at Tejon Ranch Commerce Center… Read more
Hines, Oaktree Secure Construction Loan on Fremont Industrial
CBRE arranged a construction loan for Milmont Industrial, a 267,000-square-foot advanced manufacturing/distribution facility in Fremont, on behalf of Hines and… Read more
Wolf & Shepherd Inks Flagship Lease at 500 Madison Ave
Wolf & Shepherd, a handcrafted dress shoes brand, has secured its flagship store at 500 Madison Avenue in Midtown. Spanning… Read more
Passco Surpasses $250M AUM in the Midwest with St. Louis Acquisition
Passco Companies, a California-based real estate company specializing in acquisition, development, and property management, has acquired Cortona at Forest Park,… Read more
Ares Raises $3.3B for Real Estate Secondaries
Ares Management Corporation said Tuesday it had raised approximately $3.3 billion of real estate secondaries capital. That tally comprises the… Read more
IPA: Bay Area Multifamily Remains Solid Investment Choice
The Bay Area’s multifamily sector remains a strong contender for investors, according to a new report from Institutional Property Advisors (IPA),… Read more
Salesforce Tower Chicago Makes Its Debut, Company Commits $1.25M in Grants
Salesforce Inc. celebrated the grand opening today for its new downtown Chicago office building — Salesforce Tower Chicago — a… Read more
Phoenix’s Central Park Seeking P&Z OK
Central Park would be made up of a 21-story residential tower; an 18-story office tower; a market/grocer space with an… Read more
Grocery-Anchored Retail Lands $22M Construction Loan
Gantry secured a total of $21.6 million in construction-to-permanent financing for the development of a 33,700-square-foot grocery-anchored retail project located… Read more
Huntington Beach Multifamily Trades for First Time in 40 Years
CBRE closed the sale of Tropicana Apartments, a 21-unit multifamily community in Huntington Beach, to a private all-cash buyer. The sale price… Read more
REMM Group Awarded Management of Riverside Apartments for Second Time
The REMM Group has been awarded the management contract for Lincoln Village Apartment Homes in Riverside for the second time. The… Read more
San Diego Gas & Electric Leases Storage Yard
Colliers finalized a lease of a 3.9-acre storage yard in the central San Diego submarket of Miramar. Located at 9225-9285… Read more
JLL Arranges Acquisition Loan for Tahoe-Area Hotel
JLL Capital Markets arranged $22.5 million acquisition financing for The Hampton Inn & Suites in Truckee. The team of Jordan Angel, Mike Huth… Read more
Hudson Pacific Trades Land, Debt Tranches for $189M
Hudson Pacific Properties said Monday that it divested, in two separate transactions, a land parcel in Silicon Valley and certain… Read more
BWE Arranges Construction Loan for Phoenix-Area Industrial Project
BWE has secured a $29 million first mortgage construction loan for Echo Park @ P132, a four-building, 183,000-square-foot industrial property… Read more
EOS Fitness Center Sold, Company Staying Put
A 42,000-square-foot building in Lutz, Florida housing EoS Fitness has sold for $13.6 million. Lutz is a submarket of Tampa. An… Read more
VIDEO: Retail Dealmakers See Obstacles Continuing into ’24
“It’s taking a lot longer to do deals than ever in the past,” retail leasing attorney Barry Edwards of Greenberg… Read more
Axiom Brings EDENS Retail Center to Full Occupancy
Axiom Retail Advisors, an Irvine-based retail consulting firm specializing in Southern California landlord and tenant representation as well as development,… Read more