California
Kairos Secures $175M Credit Facility Backed by Fannie Mae
Kairos Investment Management Company, a firm that focuses on value-based real estate investments, has secured a $175-million credit facility backed… Read more
San Dimas Apartments Fetch $5M
Marcus & Millichap has completed the sale of 144 & 150 E Baseline Rd., a 16-unit apartment property located in… Read more
Mixed-Use Affordable Sells in San Diego’s Gaslamp Quarter
Urban Property Group (UPG), a real estate services firm specializing in urban and coastal commercial property, finalized the sale of… Read more
Wells Fargo, T.D. Jakes Partner on Inclusive Communities
Wells Fargo & Company and the T.D. Jakes Group, which includes T.D. Jakes Real Estate Ventures, LLC, TDJ Enterprises and… Read more
The Current State of DTLA: Q&A with CBRE’s Jessica Lall
Downtown Los Angeles and Los Angeles in general continues facing both economic and commercial real estate challenges. But there are… Read more
Seattle Lags Other Major Markets in Office Demand Recovery
Seattle and Chicago represented the exceptions to the rule in VTS’ latest VTS Office Demand Index (VODI). Whereas five of… Read more
California Assembly Bill Restricting Industrial Development Dies in Committee
AB 1000, a bill that in its original form would have largely shut down industrial development statewide on properties larger… Read more
CBRE Promotes 32-Year Company Veteran to Vice Chairman
CBRE has promoted Blake Mirkin to vice chairman, the highest title for producers at the company. A 32-year veteran with CBRE, Mirkin specializes… Read more
Orange Office Property Trades for Multifamily Redevelopment
Newmark arranged the $22.5-million sale of CityCentre I, a 6.8-acre, multifamily redevelopment project located at 625 The City Drive South… Read more
Adaptive Reuse of Riverside’s Stalder Building Reaches Completion
Architecture firm AO provided design for Regional Properties Inc.’s The Mark, a mixed-use seven-story residential and retail building in Riverside’s… Read more
Pembrook Furnishes Acquisition Loan for San Diego Affordable
Pembrook Capital Management LLC, one of the nation’s leading lenders for affordable housing, is providing $19.4 million in first mortgage… Read more
Kaiser Permanente Launches Expansion Strategy with Pennsylvania Acquisition
Kaiser Permanente is acquiring Danville, PA-based Geisinger Health, a network of 10 hospitals, simultaneously launching a new value-based healthcare initiative,… Read more
Lowe’s Targets Net Zero Emissions with Solar Panels at 174 Locations
In line with its goal to reach net-zero greenhouse gas emissions by 2050, Lowe’s announced rooftop solar panel installations at… Read more
Office Space Demand Shakes Off the Winter Doldrums
Springtime office demand got off to an especially strong start in March following the slower winter months, VTS reported. According to… Read more
Tacoma Apartments Trade in City’s Second Sizable Deal This Month
The 131-unit Caesar’s Luxury Apartments in the north end of downtown Tacoma has sold for $35.4 million. The Puget Sound… Read more
Primestor Holds First Closing on New Fund, Targets $300M Capital Raise
Culver City-based Primestor Development, a leading minority-owned and minority-led urban impact real estate developer and investor, said Wednesday it held… Read more
Green Street Names Finance Veteran as New CFO
Green Street, the Newport Beach-based provider of commercial real estate intelligence and analytics, has appointed Dan “Fig” Figenshu as CFO. Prior… Read more
Avison Young Handles Ontario Sale to First Industrial Realty Trust
Avison Young arranged the $5.2-million acquisition of an approximately 15,244-square-foot industrial building situated on 2.27 acres of land at 1250… Read more
USA Properties Fund Plans Late-Summer Start on Age-Restricted Carlsbad Project
USA Properties Fund and The Pinyon Group will begin construction late this summer on the $21-million Vintage at Marja Acres,… Read more