California
Sterling Asset Management Names 30-Year Veteran as President
Kevin Grani, a 30-year property management executive, has been named president of Sterling Asset Management Company, a subsidiary of Community Housing Opportunities… Read more
Worthe, Stockbridge Close $480M Financing for Warner Bros. Ranch Lot Redevelopment
Worthe Real Estate Group and San Francisco-based investment firm Stockbridge closed on $480 million in financing, kicking off construction on the largest sound… Read more
National Road Logistics Inks Full-Building Lease with Prologis
KBC Advisors arranged a full-building industrial lease of 442,550 square feet by National Road Logistics, Inc. at Prologis Torrance Distribution Center 8 |… Read more
Meridian CEO Mike Conn on the Challenges of Healthcare Real Estate Development
Healthcare real estate development has seen its share of changes, and challenges, in recent years, with those effects magnified by… Read more
Ontario Airport Continues Double-Digit Gains in Passenger Counts
Ontario International Airport (ONT) continued to experience double-digit gains in passenger volumes in August, up 11% over August last year, airport… Read more
Port of San Diego Seeks Public Input for Seaport Redevelopment
The Port of San Diego is seeking public review and input on what to study as part of the environmental… Read more
Allen Matkins Adds Co-Leader for Contaminated Sites Practice
Stuart I. Block has joined Allen Matkins as a partner in its Land Use, Environmental, and Natural Resources Group, in the… Read more
California Home Prices Post Biggest Gain in 15 Months
Rising mortgage rates and a continued shortage of homes for sale blunted California home sales for the third straight month in August,… Read more
Northmarq Arranges $25M Refi of Calabasas Manufactured Homes
SVP Alex Kane and VP Matt Radichof Northmarq’s Newport Beach debt/equity office arranged the $25- million refinance of Calabasas Village Mobile Estates.… Read more
Redeveloped I. Magnin Building Houses 10th Erewhon Store
RDC, an award-winning architecture, planning and interior design firm, completed the transformation of the historic I. Magnin & Company building in… Read more
Recently Renovated Quality Inn Trades to LLC
Marcus & Millichap recently closed the sale of Quality Inn, a 65-room hospitality property located in the eastern Riverside Community… Read more
Stos Partners Divests Value-Added San Marcos Industrial
Stos Partners has sold a 61,112-square-foot industrial complex located at 1545-1565 La Mirada Dr.in the North County San Diego market… Read more
Housing Sales Launched at $5B Bishop Ranch MXU
Sunset Development Company reached a milestone in its vision of transforming Bishop Ranch in San Ramon into a $5-billion mixed-use, walkable neighborhood over… Read more
SF Mayor Breed Signs Housing Stimulus Plan into Law
San Francisco Mayor London Breed signed the Housing Stimulus and Fee Reform Plan into law. The plan temporarily reduces inclusionary housing requirements… Read more
CapRock Snaps Up Single-Tenant Industrial in San Gabriel Valley
CapRock Partners acquired 300 E. Arrow Hwy., a 165,070-square-foot single-tenant industrial building in San Dimas, on an all-cash basis from an… Read more
Greystone Furnishes $14M CMBS on Torrance Self-Storage
Greystone has provided a $14,000,000 CMBS loan to refinance an 801-unit self-storage property, SOS Storage Center, in Torrance. The financing was… Read more
California People and Company News for Sept. 15, 2023
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with… Read more
Nordstrom Rack to Open Third San Diego Location
Seattle-based fashion retailer Nordstrom, Inc. plans to open a new Nordstrom Rack in San Diego. The 26,000 square-foot store will be located in Clairemont Town… Read more
Menlo Equities, Beacon Capital Launch San Carlos Life Science Build
Menlo Equities and Beacon Capital Partners have broken ground on Portal 405, a 240,000-square-foot life science building in the burgeoning… Read more