California
Partnership Brings 180 Micro-Units of Affordable to Pasadena
A partnership between Community Builders Group (CBG) and Bridge Financial Advisors is preparing to open Pasadena Studios, a new development… Read more
Iconic Equities Lands $16M Financing on Industrial Outdoor Storage Site
JLL Capital Markets arranged $16.2 million in senior financing for the development of a 5.6-acre industrial outdoor storage facility in Fontana. JLL worked… Read more
ASML Signs for Two Floors in Rancho Bernardo
Drawbridge Realty has signed Netherlands-based semiconductor manufacturer ASML to a long-term lease for 55,227 square feet at Via Del Campo… Read more
Assembling Bay Area Industrial Portfolio Adds Up to Sound Investment Thesis
By John Petersen The San Francisco Bay Area remains a key U.S. gateway industrial market on the West Coast. It… Read more
Legacy Partners, Invesco Advance Plan for 1,050 Apartments at Costa Mesa’s Hive Campus
Legacy Partners and Invesco are moving ahead with plans to turn the Hive creative office campus in Costa Mesa into… Read more
Industrious Partners on Coworking Space Atop IKEA in San Francisco
Ingka Centres, the sister company to IKEA, and Industrious have partnered to launch Hej!Workshop, a flexible coworking concept inside Ingka Centres’ San… Read more
Anaheim Hotel Near Disneyland Trades to Sunstone Development
The Mogharebi Group has arranged the sale of the 60-year-old Budget Inn, a 24-key limited-service hotel located at 1042 Ball… Read more
McCullough Landscape Architecture Expands Bay Area Presence with Oakland Office
McCullough Landscape Architecture, an award-winning landscape and urban design firm, has expanded its Bay Area presence with the opening of… Read more
Data Centers See Sharp Rises in Power Costs, Lease Rates
Connect CRE recently examined the impact that availability of power has had on data center development, which has more than… Read more
Growth in Rents Decelerates for Single-Family Rentals
Los Angeles-Long-Beach-Anaheim tops the rankings of the nation’s most expensive single-family rental markets, according to HouseCanary. The median monthly rent… Read more
Freeman Freeman & Smiley Combines with Saul Ewing
Saul Ewing LLP has expanded nationally, opening two offices in Southern California through a combination with 50-attorney law firm Freeman… Read more
JLL Arranges $375M Financing on Kilroy’s One Paseo MXU
JLL arranged an 11-year, non-recourse secured loan for $375 million on One Paseo, a mixed-use campus spanning 36 acres and located… Read more
Skanska Completes San Jose MOB Ahead of Schedule, Under Budget
Skanska recently completed Sutter Health’s Samaritan Court Ambulatory Care and Surgery Center, a three-story, 69,000-square-foot medical office building in San… Read more
Three New Tenants Join JLL-Managed Deer Park Town Center
Deer Park Town Center, an outdoor lifestyle shopping center, welcomed three new retailers and restaurants including Sweetgreen, Victoria’s Secret, and… Read more
Allen Matkins/UCLA Survey Sees Opportunities in Capital Markets Volatility
Ongoing volatility in capital markets is creating new opportunities in commercial real estate, according to the 2023 Summer Allen Matkins/UCLA… Read more
Stepp Commercial Closes Long Beach Multifamily Deal
Stepp Commercial Group, a multifamily brokerage focused on the Los Angeles market, completed the $7.165-million sale of Park Villa Apartment Homes, an… Read more
Buena Park Grocery Sale Sets 2023 Cap Rate Record
SRS Real Estate Partners’ National Net Lease Group (NNLG) completed the $6.875-million sale of a 34,199-square-foot single-tenant retail property located in Buena Park… Read more
San Diego Apartments Trade in 1031 Exchange
Marcus & Millichap closed the sale of 3925 Georgia St., a five-unit apartment property located in the Hillcrest neighborhood of San Diego. The… Read more