California
URW Divests Valencia Town Center to Centennial for $199M
Dallas-based Centennial has acquired Westfield Valencia Town Center in Santa Clarita from Unibail-Rodamco-Westfield (URW), Although the buyer didn’t disclose the… Read more
EdgeConneX Building Second Phoenix-Area Datacenter
EdgeConneX already has a location in Tempe and is now looking at Mesa for its next large datacenter. The building… Read more
Swig, SKS Finalize Deal for 350 California in San Francisco
The Swig Company and SKS Partners completed the purchase of 350 California St., a Class A office tower in San Francisco’s Financial… Read more
Mixed-Use Culver City Property Trades for $780K Per Unit
CBRE finalized the sale of The Oliver, a mixed-use property with 30 multifamily units and 8,665 square feet of ground-floor… Read more
Kidder Mathews Markets California Realtors Headquarters for Sale
Kidder Mathews is exclusively marketing the property at 525 S. Virgil Ave. in Los Angeles for sale. Brokers John Anthony, Christopher Steck, Christopher Giordano; and Casey… Read more
JPI Hosts Multifamily Market Roundtable
Multifamily developer JPI recently hosted a roundtable with industry experts in Irvine. The panel included Payton Mayes, CEO of JPI; Jay Parsons, SVP of… Read more
Developers Vie for Redevelopment of Navy’s Old Town Campus
Four developers have submitted proposals to redevelop the U.S. Navy’s Old Town campus in San Diego, reported the San Diego… Read more
AI Company Anthropic Subleases Former Slack Headquarters Building
Fast-growing artificial intelligence company Anthropic has agreed to lease the entire former Slack headquarters building at Heitman’s 500 Howard St.… Read more
Stuf Self-Storage Expands to Atlanta’s West Midtown
Self-storage startup Stuf has grown its national tech-enabled network into the southeast with a new Atlanta location. The company also… Read more
Veritas Says Loans on LA Portfolio Remain in Good Standing
Loans on properties managed by Veritas Investments in Los Angeles were recently characterized by industry reporting as not being in… Read more
California People and Company News for Sept. 1, 2023
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with… Read more
San Bernardino Reaches Agreement with State Over Housing Plan
Under the threat of litigation, the City of San Bernardino agreed to update its housing plan to meet its state-mandated… Read more
Construction Launches on Otay Business Park Near Mexican Border
Construction is underway at Otay Business Park in the Otay Mesa submarket of San Diego. The 119-acre property was acquired… Read more
Dealpath Adds AI-Powered Solutions to SaaS Platform
Dealpath, a commercial real estate SaaS provider headquartered in San Francisco and New York, has added new AI-powered solutions for… Read more
The “Urban Doom Loop:” A Possible Economic Threat?
High inflation and continued talk of a pending downturn continue to impact commercial real estate – and not positively. In… Read more
Examining the COVID-19 Population Migration
According to an August 2022 report issued by Brookings, “domestic out-migration . . . exerted an outsized demographic impact on… Read more
Silicon Valley Billionaires Plan to Build City in Solano County
The longstanding mystery behind the acquisitions of thousands of acres of farmland in Solano County has been brought to light… Read more
Building Block’s Annual Fundraiser Brings in Nearly $140K
Hundreds of commercial real estate professionals celebrated on the beach and under the stars at the Building Block Foundation Fund White Party,… Read more
X-Caliber Closes Financing to Refi, Expand Almond Processing Plant
Commercial real estate lender X-Caliber said its affiliate companies, X-Caliber Rural Capital (XRC) andCastleGreen Finance, closed a $33.5-million combined transaction… Read more