California
Bank of America Branch Trades at Record-Low Cap Rate
Hanley Investment Group Real Estate Advisors arranged the sale of a 2015-new construction, single-tenant property occupied by Bank of America in… Read more
Phase 1 of $3B Mixed-Use Receives $41M State Funding
California’s Affordable Housing and Sustainable Communities (AHSC) program has granted $41.1 million to Phase 1 of Riverwalk San Diego, a $3-billion, 200-acre… Read more
Silicon Valley Data Center Market Challenged by Limited Supply
The Silicon Valley data center market continues to grow, but momentum has slowed in the first half of 2023 because… Read more
Gelt Acquires 125-Unit Value-Add Apartments for $63M
Gelt Venture Partners, LLC (GVP) acquired Union Place from an undisclosed seller for $63.15 million. The 125-unit apartment property is… Read more
Waterton Launches New Outbound Hotels Brand
Waterton, a Chicago-based national real estate investor and operator, launched its new Outbound Hotels brand, a collection of locally-minded hotels… Read more
New Laredo Business Park Part of Growing Trend
Industrial builders are thriving along the Mexican border. Cities like El Paso and San Diego have seen a steep increase… Read more
CMBS Distress Rate Rises for Top 20 SMSAs
The distress rate for CMBS loans across the 20 largest markets in August was 7.2%, slightly above the national CMBS… Read more
Connect Media Bolsters Creative Team with Addition of John Halloran
Connect Media, a multi-platform news, events, creative services, and educational company, bolstered its Connect Creative marketing team with the appointment… Read more
Two-Tenant Retail Pad Trades in Northern LA County
Hanley Investment Group Real Estate Advisors completed the sale of a two-tenant, 6,999-square-foot retail pad building occupied by AutoZone and Precision Eyebrow Threading salon at… Read more
DIV Industrial Adds 20-Year Veteran as Partner
DIV Industrial, an Irvine-based investor and developer of industrial real estate, appointed Tom Donahue as partner and head of development.… Read more
JLL Arranges Pre-Development Financing on CapRock Warehouse
JLL Capital Markets arranged $17.5 million in pre-development financing on a 22.1-acre parcel within the World Logistics Center masterplan in Moreno… Read more
California Invests $757M in Affordable Housing Projects
Gov. Gavin Newsom, along with the California Strategic Growth Council, recently announced $757 million in funding to advance the building… Read more
Standard Communities Expands Office Nationwide
National affordable housing developer Standard Communities has extended its principal offices in New York, Los Angeles, and Washington, D.C., while… Read more
Developer Takes Over Tacoma Modular Tower Project
Charles Cheung, a Los Angeles-area developer, is seeking permits to develop a $70 million, 233-unit project called Star Residence. In… Read more
Lift Partners Pay $30M for M3 Business Center
Tukwila’s M-3 Business Park, at 1001-1061 Andover Park E., sold for $30 million to San Francisco-based investment company Lift Partners.… Read more
Kroger, Albertsons to Divest 413 Stores and Three Grocery Banners for $1.9B
The Kroger Co. and Albertsons Companies said Friday they will sell select stores, banners, distribution centers, offices and private label… Read more
Vantage Data Centers Buys Vacant Land in San Antonio
The region is a data center hotbed. San Antonio’s West Side is home to at least 30 campuses. Denver-based Vantage… Read more
Dalfen Uses $52.9M Acquisition Loan to Buy Sparks Industrial Asset
Meridian Capital Group arranged $52.9 million in financing for the acquisition of a class-A industrial building in Sparks, NV. The loan… Read more
ExchangeRight Subscribes DST Portfolio with Multiple Exit Options
Pasadena-based ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has fully subscribed its… Read more