California
Concord Portfolio Sells for Affordable Housing Conversion
CBRE arranged a sale of two multifamily communities in Concord, Sunset Pines and Coral Court Apartments, for $37.25 million. Nonprofit Eden… Read more
Harbor Custom Development Secures $19M Loan with Sound Capital for MF Project
Harbor Custom Development, Inc. closed on a $19.95 million loan with Sound Capital to refinance phase one of the 126-unit… Read more
Sares Regis Wins Approval on Redwood City Townhome Complex
Regis Homes Bay Area, LLC, a division of Sares Regis Group of Northern California (SRGNC), has gained approval from Redwood… Read more
San Antonio BTR Builder Adding 266-Unit Project
AHV moved its headquarters from California to San Antonio in 2020 and has since put the pedal to the metal.… Read more
Sherman Oaks Apartments Set Per-Unit Price Record
An eight-unit apartment property at 4737 Kester Ave. in Sherman Oaks sold for $3,600,000. This marks a record-high per-unit price for a… Read more
Creative Production Studio Relocates to Long Beach
Lee & Associates completed a 10-year lease with Swing Set Productions for a 10,812-square-foot creative office space located in the… Read more
Corona Car Wash Trades for $7M in Online Auction
Progressive Real Estate Partners arranged the $7,157,500 sale of the Merit Auto Spa full-service car wash center located at 465 N. McKinley St. in Corona. The… Read more
Pacific Urban Makes 21st San Diego Multifamily Buy
Multifamily owner-operator and investment manager Pacific Urban Investors acquired La Jolla International Gardens, a 400-unit apartment community in the La… Read more
JLL Arranges Expansion in Richmond for Power Product Start-Up
JLL’s Advanced Manufacturing site selection team arranged a 40,000-square-foot lease for Moxion Power’s “Factory One” expansion at the circa-1930 Ford Motor… Read more
PG&E Poised to Buy Oakland Headquarters Building
PG&E Corp. will exercise an option to purchase its 910,000-square-foot headquarters building in Oakland, the San Francisco Business Times reported.… Read more
Green Street: CRE Pricing Posts 0.8% Monthly Decline
The Green Street Commercial Property Price Index decreased by 0.8% in June. The index, which tracks the pricing of institutional-quality… Read more
Marcus & Millichap Arranges $4.6M Sale of Durham Shopping Center
Marcus & Millichap recently arranged the $4.6 million sale of Park Terrace, a 24,813-square-foot retail property located in Durham, NC.… Read more
Leasing Expert Marin Turney Rejoins JLL in LA
JLL has hired office leasing expert Marin Turney as EVP. Turney will specialize in representing office owners and tenants in Los Angeles County.… Read more
Kimco Adds 22 Tenants in Inland Empire, San Diego
Kimco Realty has added 22 new tenants across 14 shopping centers in Riverside, San Bernardino and San Diego counties. The… Read more
Faris Lee Arranges Pre-Sale of Oceanside Retail in 1031 Deal
Faris Lee Investments closed the pre-sale of a newly built Starbucks and Pacific Dental at Pacific Coast Plaza in Oceanside.… Read more
JV Pays $84M for Newly Built San José Apartments
Cushman & Wakefield arranged the sale and debt acquisition financing for Vespaio, a 162-unit Class A multifamily community located at… Read more
Chicago Leads Large Cities in Construction Cost Increases
Construction costs are rising faster in Chicago than they are in other big metropolitan areas, but slower than they were… Read more
BH Properties Sets Sights on $1B Affordable Housing Portfolio
BH Properties has launched a new investment initiative into affordable housing with a goal of ultimately building a $1-billion portfolio. The… Read more