California
Kearney Mesa Office Property Changes Hands for $18.5M
Solar Turbines, a manufacturer of industrial gas turbines, has purchased 4180 Ruffin Rd., a 73,000-square-foot office property in the Kearney… Read more
Northmarq Brokers $6M 1031 Exchange of Retail Center in McDonough
Northmarq has completed the $5.7-million sale of Towne Crest Village, a 20,053-square foot retail center in McDonough, GA. The center… Read more
Connect Brings CRE Retail Experts Together November 9th in LA
Connect Media is set to host Connect Retail West 2022, a commercial real estate event dedicated to “all things retail”… Read more
Intersection Equities Snags AmCan Industrial Facility
Intersection Equities has acquired an 85,000-square-foot distribution facility in the Napa County city of American Canyon, CA for $15.1 million. … Read more
CBRE Arranges $12M Sale of Chula Vista Flex Building
Harbor Springs Charter School has purchased 2371 Fenton St., a 38,500-square-foot Class A flex property in Chula Vista, CA. CBRE’s… Read more
Roxborough & Cress Acquire Chino Industrial Property
The Roxborough Group, LLC and Cress Capital have acquired a 101,000-square-foot industrial building in Chino, CA. The purchase, Roxborough’s first… Read more
Report: DTLA Office Market Stabilizes in Third Quarter
A recent report from Avison Young offers some encouraging news for the Downtown Los Angeles office market. Unemployment has dropped… Read more
Las Vegas Value-Add Asset Upgrading to Premium
DB Capital Management closed on its first multifamily in Las Vegas, paying $64 mil for The Boulevard ($216,000/unit). The 296-unit… Read more
Howard Hughes Going Large in West Phoenix
The area west of Phoenix is exploding. Towns like Buckeye and Goodyear have seen double-digit year-to-year growth. The Phoenix area leads… Read more
Student Housing Performance Buoyed by Healthy Demand
The student housing industry continued to ride healthy demand and strong fundamentals to another record-breaking performance in the third quarter… Read more
New York Investor Acquires University-Leased Romeoville Property
A New York-based private investor has acquired 1400 W. Normantown Rd. in Romeoville, IL for $6.2 million. The property is… Read more
Matthews Real Estate Elevates David Harrington to President
Matthews Real Estate Investment Services has promoted David J. Harrington to president to support company growth and accelerate implementation of… Read more
San Francisco Penthouse Garners Record Sale Price
One Steuart Lane, a condominium community developed and owned by Paramount Group in San Francisco, has commanded the highest price-per-square-foot… Read more
Citizen Leads $99M Loan for Laguna Niguel Apartment Complex
Rhode Island-based Citizen Financial Group has led a $99 million loan to Houston-based Hanover Company for the construction of a… Read more
C.W. Driver Breaks Ground on $35M MiraCosta Oceanside Project
C.W. Driver Companies has commenced construction on a design-build, two-story Chemistry and Biotech Building for MiraCosta Community College District. The… Read more
CBRE Brokers Record-Setting Office Lease in Malibu
CBRE’s Stan Gerlach and Jeff Gerlach have brokered a 34,373-square-foot lease at the Malibu Vista office building in Malibu, CA.… Read more
Major Warehouse Project Nixed by Beaumont City Council
The booming industrial real estate market in the Inland Empire got a splash of cold water recently, as Summit Station,… Read more
Crexi Sees “Modest” Increase in Asking Prices, Further Cap Rate Compression
Asking prices on Crexi rose a modest 2.2% in September amid shifting economic conditions. The same period saw cap rates… Read more
VTS: NYC Sees Big September Increase in Office Demand
New York City was the outlier among major U.S. office markets in September when it came to month-over-month changes in… Read more