California
Report: San Diego Industrial Sector Continues to Shine
The San Diego industrial real estate market powered through the fourth quarter, according to a recent report from Cushman &… Read more
NexPoint Hoping to Repurpose Plano’s Old EDS Campus
At one time, EDS was a high-powered Plano-based tech firm led by Ross Perot. Now long gone, developers are trying… Read more
Inland Empire Groups Urge California Gov. to Stop New Industrial Development for Up to Two Years
A letter to California Governor Gavin Newsom urges him to impose a one- or two-year moratorium on new Inland Empire… Read more
St. Louis, Other Metro Areas Rank High as Multifamily Markets to Watch—for Distress
Trepp has identified the St. Louis metro area as the number one multifamily market to watch in 2023. In this… Read more
UC Increases Blackstone BREIT Stake by $500M Despite Protests
The University of California has upped its investment into Blackstone Real Estate Income Trust (BREIT) by $500M, on top of… Read more
Nevada Developer Acquiring Milpitas Amazon Site
Reno, NV-based Dermody Properties has agreed to purchase a 29-acre office campus from Amazon in Milpitas, CA, with approved plans… Read more
Lument Closes $23.5M Loan to Refi LA Affordable Project
Commercial real estate finance company Lument has closed a $23.5 million Freddie Mac loan to refinance La Brea Gardens, a… Read more
MCA Realty Sells Orange County Business Park for $13.5M
A private investor has paid $13.5 million for the acquisition of Struck Business Park, a 43,000-square-foot, two-building industrial complex in… Read more
TRG & JZA Architecture Break Ground on Inglewood Apartments
Los Angeles-based design firm JZA Architecture in partnership with developer TRG Investments have begun construction on Noxwood Apartments, a 10-unit… Read more
Inland Empire Homebuying Slows to a Crawl
Rising interest rates and soaring inflation have led to a massive 48% drop in December home sales in Riverside and… Read more
Tucson Whole Foods-Anchored Center Sells for $31M
River Center neighborhood shopping center at River Road and Craycroft in Tucson sold for $31.1 million ($289 PSF). Anchored by… Read more
Seabrook Green-lights Mixed-Use Project Along Waterfront
The Seabrook City Council has allowed planning to continue on a mixed-use development along NASA Parkway in Seabrook. Houston-based Highland… Read more
LA County Extends COVID Renter Protections Through March
Struggling low-income tenants are getting a 2-month reprieve from the Los Angeles County Board of Supervisors, who voted on Tuesday… Read more
WNC Closes 2022 Raising $118M of LIHTC Equity
Irvine, CA-based affordable housing investment company WNC closed-out a successful 2022, raising $118 million in low-income housing tax credit (LIHTC)… Read more
Culver City Approves LPC West Downtown Office Project
The Culver City Planning Commission has approved the construction of a 165,000-square-foot office building on Watseka Avenue in the Los… Read more
Core5 & MBK Break Ground on Inland Empire Industrial Facility
Core5 Industrial Partners and JV partner MBK Industrial Properties have broken ground on Arrow Business Center, a 49,000-square-foot, Class A… Read more
Levin Johnston Wraps-Up Record Year in 2022
Bay Area-based multifamily brokerage company Levin Johnston posted a banner year in 2022, selling nearly 2,500 units across 101 transactions,… Read more
Embark Leases 7,500-SF at Solana Beach MOB
CBRE has secured a new 7,500-square-foot lease for Embark Behavioral Health to add its services at Solana Crossing, a Class… Read more
West Phoenix Apartment Community Trades for Nearly $50M
ABI arranged the sale of Dimension on 27th Apartment Homes, a 260-unit multifamily apartment community located in Phoenix, Arizona. The… Read more