California
San Francisco Apartment Owner Veritas Defaults on $450M Loan
While the multifamily sector has been a strong performer through the pandemic, the current volatile economy is starting to take… Read more
1,500-Unit San Pedro Redevelopment Project Moves Forward
The Department of City Planning in Los Angeles has received an entitlement application for National CORE and Century Housing’s One… Read more
TMG Brokers $16M Sale of Avila Beach Hotel Property
Costa Mesa, CA-based multifamily brokerage firm The Mogharebi Group (TMG) has arranged the sale of the Inn at Avila, a… Read more
Veleta Capital Provides $13M Bridge Loan for Northridge Refi
Veleta Capital Partners has provided a senior-secured, $12.6 million floating-rate bridge loan for the refinance and renovation of the Valleywood… Read more
CBRE Hires Leading Office and R&D Brokers in San Diego
Commercial real estates services and investment firm CBRE has hired four leading North County San Diego brokers from Cushman &… Read more
UCLA Completes $80M Purchase of MCU Campus
The Regents of University of California (UCLA) has completed the acquisition of the Marymount California University (MCU) campus in Rancho… Read more
Provender Completes $158M ReCap of Cold Storage Portfolio
Newport Beach, CA-based Provender Partners and StepStone Real Estate (SRE) have completed a $158 million secondary and recapitalization of a… Read more
SMU Obtains $139M Bond for New Oakland Campus
Samuel Merritt University (SMU), specializing in health science education, has taking a big step towards breaking ground on its new… Read more
Pacific Retail Capital Moves HQ to Century City
Real estate investment and management firm Pacific Retail Capital Partners (PRCP) is relocating its corporate headquarters from El Segundo, CA… Read more
Tishman Speyer Secures BIG as Equity Partner for LA Project
New York-based Tishman Speyer is planning its first residential development in the Los Angeles market and has secured a $30… Read more
CBRE Promotes Scott Peterson to Vice Chair in San Diego
20-year real estate veteran Scott Peterson has been promoted to the highest title for a producer at CBRE, being named… Read more
Virginia, California Investors Trade $5M for Gloucester Grocery-Anchored Center
SRS Real Estate Partners has completed the $49-million off-market sale of Walter Reed Plaza, a 52,164-square-foot neighborhood retail center located… Read more
Regal Closing Seven More Theaters in California
Four months after parent company Cineworld filed for Chapter 11 bankruptcy, Regal Cinemas is closing 39 more movie theaters across… Read more
BMO Takes Over Naming Rights at LAFC Stadium
After gaining regulatory approval to acquire Bank of the West, The Bank of Montreal (BMO) is wasting no time making… Read more
Bishop Ranch’s Massive Energy Storage Center Expands
Sunset Development and DSD Renewables have begun Phase Two of its multicampus solar and energy storage installation at Bishop Ranch,… Read more
Report: San Diego Retail Leasing Surges for Strong 2022 Finish
The San Diego retail market had an impressive rebound in the fourth quarter, posting increased leasing activity to the tune… Read more
Balboa Retail Partners Acquires Pinole Square Retail Center
Newmark has completed the sale of Pinole Square, a 91,000-square-foot retail community center in Pinole, CA. Located on a 10-acre… Read more
JLL Tabs Chad Coluccio as Managing Director in Orange County
Real estate and investment management services firm JLL has named Chad Coluccio as a Managing Director based out of Orange… Read more
Meta Subleases 435K-SF at Fremont Street Tower
Following recent news that Facebook and Instagram parent company Meta Platforms Inc. is subleasing office space in Seattle, the company… Read more