California
La Habra Shopping Center Trades in 1031 Deal
JLL Capital Markets closed the sale of The Row on Harbor, a 23,314-square-foot, newly renovated retail strip center located in La Habra. A… Read more
Birtcher Engages with Next Generation at Fontana Groundbreaking
Birtcher Development broke ground on Birtcher Logistics Center Fontana in partnership with Oltmans Construction and Tomorrow’s Talent, a program to bridge young… Read more
BRIDGE Housing Breaks Ground on Third Carlsbad Development
The City of Carlsbad and BRIDGE Housing joined public- and private-sector partners recently for the groundbreaking of 1380 Laurel Tree Lane, which… Read more
Bay Area Life Science Space Demand Normalizes to Pre-Pandemic Levels
Life science real estate vacancies in the Bay Area rose to 8.2% in the first quarter of 2023 from 6.1% in Q4, Transwestern’s… Read more
Net-Leased US Bank Branch in Chinatown Sells to Local Investor
SRS Real Estate Partners’ National Net Lease Group has completed the $2.8-million sale of a single-tenant retail property occupied by… Read more
Northmarq Arranges Refi on Porter Ranch Mixed-Use
Northmarq recently closed on external refinancing for a large retail property in Porter Ranch.The $35-million loan was arranged by SVP… Read more
Energy Firm Signs Ground Lease, Acquires Adjacent Site
Commerce Energy Storage, LLC has signed a long-term ground lease for a 50,073-square-foot building located on 4.78 acres at 6920… Read more
Newly Completed San Bernardino Multifamily Sells for 97% of List Price
The Mogharebi Group has arranged the $21.5-million sale of Loma Villas, a newly constructed 70-unit multifamily community in San Bernardino.… Read more
Affirmed Housing Launches Construction in San Marcos
Affirmed Housing, a leading provider of affordable and supportive housing throughout California, has launched construction on Estrella, an approximately 79,510-square-foot,… Read more
Nordstrom Closing Both Downtown San Francisco Stores
Nordstrom plans to close its 312,000-square-foot department store at the Westfield San Francisco Centre in August, citing changing dynamics downtown,… Read more
TCC, Clarion Complete Lease-Up of LA North Industrial Ahead of Delivery
A joint venture between Trammell Crow Company (TCC) and Clarion Partners has completed lease-up at the 1.7-million-square-foot Center at Needham… Read more
Monarch Alternative Capital Expands Hospitality Portfolio Through Loan Purchases
Monarch Alternative Capital has added two properties to its hospitality portfolio through the purchase of non-performing mortgage loans on the… Read more
Ikea Inks Two Greater Washington Leases to Open New Concept Stores
Ikea plans to open two new urban-format concept stores in the United States, located in Fairfax and Gaithersburg in Greater… Read more
Six-Property Apartment Portfolio Trades for $54M to Three Separate Buyers
JLL Capital Markets closed on a six-property Los Angeles County multifamily portfolio in three separate transactions totaling $53.55 million. The apartment… Read more
Distributor Acquires Aliso Viejo Warehouse for Headquarters
Sunland Nutrition, a premier distributor of nutritional ingredients, has acquired a 40,792-square-foot industrial building located at 81-91 Columbia in Aliso… Read more
Newly Developed Retail Pad Building Sells to Private Buyer
Wood Investments Companies, Inc., a fully integrated commercial real estate investment company specializing in retail, has sold a newly developed 4,000-square-foot single-tenant… Read more
Capital Markets Veterans Reeder and Tecca Join Newmark in San Diego
Rick Reeder and Brad Tecca have joined Newmark in San Diego as executive managing directors. Reeder and Tecca have closed… Read more
Brookfield CEO Steers Clear of San Francisco Office Development
Bruce Flatt, the CEO of Brookfield Asset Management, says the company would not develop a new office building in San… Read more
Corona Industrial Complex Trades in Inland Empire’s Largest Ground-Lease Transfer
Colliers closed the sale of Corona Lakeside Logistics Center, a 730,000-square-foot industrial portfolio in Corona, within Riverside County. The five-building… Read more