California
Logistics Powerhouses Prologis and Duke Realty to Merge in $26B Deal
San Francisco-based Prologis, Inc. and Indianapolis-based Duke Realty Corporation have entered into a definitive merger agreement by which Prologis will… Read more
Northmarq Brokers Sale of Two Albuquerque Apartment Properties
The properties, the 232-unit Courtyards and the 297-unit The Arbors, were sold to a California-based buyer with the help of… Read more
REDICO Completes 87-Acre Village at Bloomfield
REDICO has completed its The Village at Bloomfield redevelopment. The 87-acre mixed-use development is centrally located on Telegraph at the… Read more
Standard Communities Acquires Affordable Senior Housing Portfolio
Affordable housing investor and developer, Standard Communities, has acquired a trio of senior mixed-income communities totaling 559 rental units in… Read more
SBREP Acquires 387-Unit Arizona Multifamily for $91M
Irvine-based SB Real Estate Partners (SBREP) has purchased Azura Apartments, a 387-unit, garden-style community in Phoenix, AZ for $91 million.… Read more
New 33MW Data Center Slated for Vernon
Prime Data Centers, a data center developer and operator, has announced the launch of a three-story, 261,000-square-foot data center in… Read more
East Bay MultiFam Portfolio Purchased for $69M
Levin Johnston of Marcus & Millichap has directed the $69 million acquisition of a 13-property multifamily portfolio in Oakland and… Read more
Realterm Buys Inland Empire Maintenance Facility
Maryland-based Realterm has acquired a fully-leased, 15-acre fleet maintenance property in Rancho Cucamonga, CA. The facility features 20,000 square feet… Read more
Report: Homeowners Gain $3.8T in Equity During Q1 2022
May 2022 home prices continued their upward trend, due to ongoing demand and limited supply. Also on the rise? Homeowner… Read more
American Homes 4 Rent Partnering with Varde on $500M Land Banking Facility
Calabasas-based American Homes 4 Rent and Varde Partners have announced they are entering into a $500 million land banking facility… Read more
Newmark to Lease New Mixed-Use Project in Millbrae
Newmark is actively leasing Gateway at Millbrae Station, a new mixed-use building nearing completion at the steps of the Millbrae… Read more
Moreno Valley Retail Center Trades for $21M
Colliers has arranged the $21 million sale of Moreno Beach Plaza II, an 82,000-square-foot shopping center along the 60 Freeway… Read more
South Bay Office-to-Industrial Conversion Property Changes Hands
Newmark has arranged the $40 million sale of a 5-acre industrial redevelopment site in the infill South Bay submarket of… Read more
Two Goodyear Build-To-Rent Communities Bought by Illinois Investors
263-home TerraLane at Canyon Trails sold for $119 million and 148-unit TerraLane at South Mountain sold for $66 million. RSI… Read more
1 Hotel Austin to Anchor Soon-To-Be State’s Tallest Building
1 Hotel Austin is just starting construction at Waller Creek and Lady Bird Lake. The 98 Red River 74-story tower… Read more
Aaron Bove is Marcus & Millichap’s New Senior Managing Director
Marcus & Millichap has promoted Aaron Bove to Senior Managing Director, Investments with the firm’s National Multi-Housing Group. Bove, who… Read more
The Confidante Miami Beach Sells for $232M to CA Buyers
Irvine, CA-based Sunstone Hotel Investors, Inc., has acquired the 339-room The Confidante Miami Beach hotel in Miami Beach, FL from… Read more
Lendlease Names Managing Director of Development for Americas
Lendlease has appointed Mark Dickinson to the role of managing director of development for its Americas region. Dickinson is based… Read more
Walker Webcast: John Hope Bryant on Financial Literacy, Relationship Building and Community Uplifting
In April 1992, four white Los Angeles policemen were acquitted on the charge of excessive force against Rodney King, an… Read more