California
Salesforce, Vimeo Announce Massive Job Cuts
Business-software provider Salesforce and video-hosting company Vimeo announced sizable layoffs on Wednesday. Salesforce said it would reduce headcount by 10%… Read more
Bruce Family Sells Manhattan Beach Property Back to LA County
In a surprise twist to an historic story, Los Angeles County is getting a Manhattan Beach property back from the… Read more
USC Plans New $315M Research Facility at Eastlake Campus
USC’s Health Sciences Campus is slated for the development of a new research facility, according to an application filed with… Read more
HPA Acquires Brea Office/Medical Campus for $80M
JLL Capital Markets has completed the $80 million sale of Imperial Mariner, a four-building office/medical campus totaling 288,000-square-feet in Brea,… Read more
Emeryville Selects EAH Housing to Develop Affordable Community
Non-profit developer EAH Housing has announced plans to build a mixed-use, affordable housing community in Emervyille, CA. The city council… Read more
Dekel Arranges $8M Equity Financing for Poway IOS Facility
Dekel Capital has arranged $8 million in equity capital for 5-Ronin’s purchase of a 2.8-acre land parcel in Poway, CA.… Read more
Foothill Gold Light Rail Line Nearly Two-Thirds Complete
The Foothill Gold Line Construction Authority has announced the 9.1 mile light rail project from Glendora to Pomona is now… Read more
FCPT Acquires Buffalo Wild Wings Portfolio in Illinois
Four Corners Property Trust (FCPT) a REIT primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail… Read more
Twitter Reportedly Closing Seattle Office
Twitter’s downtown Seattle office in the Century Square tower will reportedly be shut down as the company faces eviction thanks… Read more
UC Forms Venture with Blackstone, Invests $4B in BREIT Shares
The Office of the Chief Investment Officer of the Regents of the University of California (UC Investments) and Blackstone have… Read more
Tahoe MegaResort Opens in Time for Snowmageddon
Palisades Ski Resort and Alpine Meadows Ski Resort in the Lake Tahoe area are now one giant MegaResort, thanks to… Read more
Republic Floor Leases 100K-SF LA Warehouse as New HQ
Cushman & Wakefield has represented Republic Floor in a new long-term lease transaction at a 100,000-square-foot warehouse/distribution facility in the… Read more
CBRE Facilitates $19M Sale of Five Union Bank Branches
CBRE’s Michael Peterson, Reg Kobzi and Joel Wilson have represented Union Bank in the sale of five bank branches in… Read more
New for 2023: Santa Ana Landlords Must Register Rental Units
Santa Ana has become Orange County’s first city to adopt rent control and eviction protections, and will require landlords in… Read more
Riverside Luxury Homes Sales Plummet in 4th Quarter
Sale of expensive homes in the United States fell by a whopping 38% in the three months ending November 30th,… Read more
Industrial Vacancies Drop, Rents Increase Despite Record New Supply
Industrial real estate rents increased and vacancies continued declining through November of 2022 despite a record amount of new supply… Read more
Kirkland Shopping Center Changes Hands for $14M
Tourmaline Capital, a San Diego-based private equity company, has purchased Inglewood Village Shopping Center on Finn Hill in Kirkland, WA… Read more
URW Sells The Village Shopping Center for $325M
Unibail-Rodamco-Westfield (URW) has announced the sale of The Village, an outdoor shopping center in the San Fernando Valley of Los… Read more
Multifamily Q&A: Cityview CEO Sean Burton Forecasts 2023
As we head into 2023, the commercial real estate industry is confronting economic turmoil thanks to rising interest rates, post-pandemic… Read more