California
Proposed LA Ordinance Could Reduce Buildable Square Footage for Housing
The Los Angeles City Council’s Planning and Land Use Management Committee on Tuesday will consider an ordinance amending the Los… Read more
Ontario Airport Reaches New Monthly High for Passenger Volume
Ontario International Airport (ONT) welcomed nearly 557,000 passengers in May, the highest number in a single month since the airport returned… Read more
Value-Add Imperial Beach Apartments Trade to LLC
Marcus & Millichap finalized the sale of 1451 Hemlock Ave., a seven-unit apartment property located in Imperial Beach. The asset sold for $1,833,000.… Read more
Ziegler Provides $61M Bond Financing on San Rafael Senior Living
Ziegler, a Chicago-based investment bank specializing in the not-for-profit senior living sector, has closed the $61.3-million Aldersly Series 2023 Bonds.… Read more
LA Metro Opens Regional Connector Bringing Four Transit Lines Together
The Los Angeles County Metropolitan Transportation Authority’s $1.8-billion Regional Connector transit project formally opened on Friday, adding three new stations… Read more
Vacant Pasadena Retail Will Transform into Restaurant Space
Lee & Associates finalized the $7.1-million sale of 865 E. Colorado Blvd., a retail building in Pasadena. Principals from Lee… Read more
Panattoni Plans Tustin Development Near Rivian-Leased Facility
Panattoni Development Co. has submitted plans for an industrial facility in Tustin spanning 143,437 square feet next door to one… Read more
Birtcher Secures $49M Construction Loan for Fontana Logistics Center
JLL Capital Markets arranged $49.2 million in construction financing for Birtcher Logistics Center Fontana, a Class A industrial distribution facility totaling 330,048 square feet… Read more
MMCC Arranges $6M Refi on Imperial Beach Condos
Marcus & Millichap Capital Corporation (MMCC) arranged a $6,400,000 loan for the refinancing of Rancho Coronado Condominiums, a multifamily property… Read more
NXP Lease Brings San Jose’s Rose Orchard Campus to Full Occupancy
Drawbridge Realty, an investor in operationally important corporate facilities nationwide, has signed global semiconductor company NXP to a long-term lease… Read more
AEG Signs Naming Rights Deal with Peacock to Stream from L.A. LIVE
AEG and Peacock, NBCUniversal’s premium streaming service, signed a deal for Peacock to serve as the exclusive streaming partner from… Read more
BPM, JLL Announce Two Leases at Downtown Portland’s Mixed-Use
BPM Real Estate Group announced that its new 35-story Block 216 mixed-use property in Portland’s West End neighborhood signed leases… Read more
Multifamily in Long Beach’s Rose Park Goes for $225K Per Unit
Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, completed the $2.25-million sale of a rare 10-unit… Read more
Stream Realty Irvine Closes 14 Leasing and Sales Deals
Stream Realty Partners’ Irvine office has closed 14 transactions valued at $7 million in the past several months. Lease and… Read more
Sale of Modesto Apartments Sets Per-Door Pricing Record
The Mogharebi Group arranged the $25.2-million sale of Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the Central… Read more
Equity Oak Acquires San Diego Industrial Properties Off-Market
Equity Oak Ventures, LLC completed the $22.5-million all cash, off-market acquisition of two Industrial/R&D assets in north San Diego County.… Read more
Northmarq Hires Chris Sands as Lead Broker in Walnut Creek
Northmarq’s Walnut Creek office has hired Chris Sands, VP and lead broker. He will be involved in the acquisition and… Read more
Macerich Buys Out Remaining 50% Interest in Five Former Sears Boxes
Santa Monica-based Macerich said Thursday it had acquired the remaining 50% interest in five former Sears boxes from joint venture… Read more
Waterton’s David Schwartz Foresees “Slow Unwind” from Fed Tightening
Following what he called “a science experiment of quantitative easing for a decade and now quantitative tightening,” Waterton CEO David… Read more