California
Bay Area Cities Facing Lawsuits After Missing Housing Deadline
The January 31st California deadline for cities to adopt “Housing Element” plans to meet the state’s housing requirements has come… Read more
Mesa West Fund V Oversubscribes at $1.4B
Los Angeles-based Mesa West Capital, the private U.S. real estate credit arm of Morgan Stanley Investment Management, has raised $1.37… Read more
Pell Development Acquires Richmond Land Parcel for $115M
Pell Development, a San Rafael, CA-based real estate investment management firm, has purchased a 20.7-acre land parcel in Richmond, CA.… Read more
Newmark Promotes Elizabeth Hart to President of Leasing
Commercial real estate company Newmark has promoted Elizabeth Hart to President of Leasing for the company’s operating businesses in North… Read more
Dunbar Buys LA County Industrial Park for $23M
DAUM Commercial Real Estate Services has completed the off-market sale of a two-building, 93,000-square-foot industrial park in Gardena, CA. Dunbar… Read more
Scripps Ranch Office Building Trades for $6M
CBRE has arranged the sale of a 23,500-square-foot office building in San Diego’s Scripps Ranch submarket to a private buyer,… Read more
New CA Transfer Tax Referendum to Appear on 2024 Ballot
A petition calling for a new referendum on local special tax increases, headed by Kilroy Realty, will appear on the… Read more
Google Paying $500M to Adjust Global Real Estate Leases
Bay Area-based tech giant Google has reported that the company plans to spend approximately $500 million in costs related to… Read more
Walker & Dunlop Arranges $70M Financing for East Bay Apartment Duo
Multifamily financing firm Walker & Dunlop has completed $70 million in financing across two apartment communities in San Ramon, CA.… Read more
JLL Arranges $69M in Financing for LA County Industrial Portfolio
JLL Capital Markets has arranged $69.1 million in post-close acquisition financing for Walnut Business Park, a 33-building, 335,000-square-foot light industrial… Read more
BentallGreenOak Procures Another North County Asset for $36M
BentallGreenOak has paid $35.75 million for a 120,000-square-foot R&D/life science flex building in Carlsbad, CA. Located within the Faraday Research… Read more
Universe Holdings Snags Ventura Multifamily Property for $20M
Berkadia has completed the $20.35 million sale of YOLO West Apartments, a 45-unit multifamily community in Ventura, CA. The property,… Read more
Nelson Rising, LA Developer Who Helped Shape Real Estate across the USA, Dies at 81
Nelson C. Rising, a Los Angeles-based developer and political and civic leader, died on Thursday, February 9 at his home… Read more
Colliers Names Mark Owens Hospitality Practice Group Leader
Mark Owens has joined Colliers as vice chair and national practice group leader, hospitality, based in New York. Owens most… Read more
Global CRE Pricing Growth Stalls After 52 Quarters
Price growth of global commercial property came to a halt in the fourth quarter of 2022, as deal volume plummeted… Read more
Avatar Financial Completes Solid Second Half of 2022
Seattle-based alternative commercial mortgage bridge lender Avatar Financial Group announced the completion of over $70 million CRE bridge financing across… Read more
Allen Matkins/UCLA CRE Survey Shows a Decline in Confidence
“A less-than-confident outlook in the office sector” is the prevailing attitude from the just-released Winter 2023 Allen Matkins/UCLA Anderson Forecast… Read more
Alliant Breaks Ground on Quartet of Attainable Housing Projects
Alliant Strategic Development (ASD) has broken ground on four transit-oriented multifamily housing communities in Los Angeles’ San Fernando Valley. Located… Read more
LaSalle Acquires 600K-SF Otay Mesa Industrial Building
Cushman & Wakefield has advised an Ares Management Real Estate fund in the disposition of a 601,000-square-foot, multi-tenant industrial building… Read more