California
Owner-Occupier Nabs Otay Mesa Industrial
CBRE facilitated the sale of a 36,475-square-foot industrial property at 1207 Air Wing Rd. in San Diego’s Otay Mesa neighborhood… Read more
Avanath Makes 13th Sacramento Acquisition with Off-Market Deal
Avanath Capital Management LLC, a multifamily owner and operator that primarily focuses on affordable and workforce housing, acquired Rivers Senior,… Read more
SVN Sells Former MK Restaurant for $2.65M
Wayne Caplan & Michael Elam of SVN Chicago Commercial helped secure the sale of the former MK Restaurant property located… Read more
Alexandria Recapitalizes Takeda R&D Center in San Diego’s UTC Submarket
Alexandria Real Estate Equities completed the recapitalization of an existing real estate joint venture for 9625 Towne Centre Dr. in… Read more
Report: Investors Turning Away from Urban Core Bonds
At one time, central business districts and downtown areas were considered “a mother lode for American cities over the years,”… Read more
Dekel Capital Launches Credit Platform with Focus on Multifamily
Dekel Capital has launched a new credit platform offering multifamily owners and investors mezzanine and preferred equity capital between $2 million… Read more
Townhome Complex Notches One of Anaheim’s Highest Per-Unit Prices
CBRE closed the sale of a 14-unit multifamily community in Anaheim to a private investor for $5.9 million, representing one of… Read more
Joint Venture Pays $20M for Jurupa Valley Business Park
A new joint venture between Intersection Equities, LLC and Blue Vista Capital Management, LLC acquired Riverside Business Park, a 122,000-square-foot… Read more
Lactalis to Expand, Add Employees in Chicago After $3.2B Kraft Deal
The world’s largest dairy maker, France’s Groupe Lactalis, is expanding in Chicago after a $3.2 billion deal to acquire cheese… Read more
Bioscience Firm Joins Tenant Roster at Genesis-San Diego
Phase 3 Real Estate Partners signed a lease with Novoron Bioscience within Genesis-San Diego, an eight-story, 200,000-square-foot Class A life… Read more
JLL Closes Sale of Value-Add Multifamily Portfolio in Silicon Valley
JLL Capital Markets closed on the sales of three value-add, garden-style multifamily assets in Silicon Valley, including the 72-unit Appletree in Campbell and… Read more
San Francisco Office Towers Go Under Contract at Steep Discounts
At least three San Francisco office buildings that were re-listed at heavy discounts after failing to achieve asking prices in… Read more
Powell: Fed is “Very Focused” on CRE Loan Situation
The Federal Reserve is “very focused on the commercial real estate situation,” Chair Jerome Powell told a Congressional committee Wednesday.… Read more
Northmarq Arranges Construction Loan on UCLA Student Housing
Zalmi Klyne, SVP/managing director of Northmarq’s Los Angeles office, finalized construction financing of $14 million for 535 Glenrock Ave in Los Angeles, a… Read more
Grocery-Anchored Huntington Beach Retail Sells to Private Buyer
JLL Capital Markets closed the $29-million sale of Adams Marketplace, a 65,116-square-foot, grocery-anchored retail center located at 9062 Adams Ave. in Huntington Beach.… Read more
Matthews Lists Merced Mall Redevelopment Opportunity
Matthews recently listed a large Merced Mall redevelopment project in California at $32,400,000. The mall, located at 851 West Olive… Read more
Allen Matkins Hires Partner in Real Estate and JV Practices
Real estate and business law firm Allen Matkins has added partner Elizabeth N. Thompson to its San Diego office as a member… Read more
Berkeley Offices with Diversified Rent Roll Land Permanent Loan
Gantry secured an $11.3-million permanent loan to refinance a six story, 83,557-square-foot, multitenant office tower at 2855 Telegraph Ave. in… Read more
Colliers Adds High-Powered Office Agency Team from JLL
Colliers has added a prominent office agency team in Los Angeles comprised of Anneke Greco, Gil Canton, and Danny Redell.… Read more