California
Element 79 Adds to Oakmont Properties’ Expanding Portfolio of Western Assets
Element 79 is a newly constructed 214-unit class-A multifamily community in El Dorado Hills, CA. Oakmont Properties recently purchased the… Read more
Buchanan Bulks Up with Off-Market Self-Storage Facility
Newport Beach-based Buchanan Street Partners acquired a three-story climate-controlled self-storage facility located at 1340 North Melrose Dr. in Vista in… Read more
VantageOne Secures Two 1031 Buyers at 100% of Asking Prices
Two multi-tenant retail properties totaling 27,719 square feet near Highway 71 at the Grand Avenue entrance/exit in Chino Hills, CA… Read more
CPP’s Four-Community Revitalization Transforms Areas of Neglect
Community Preservation Partners (CPP) recently completed four projects in Los Angeles County: Golden West Tower Apartments in Torrance, Village Pointe… Read more
Newsom Proclaims State of Emergency for Winter Storms
Gov. Gavin Newsom recently proclaimed a state of emergency in several counties across the state to support the ongoing response… Read more
Park 67 Increases Tower 16’s Phoenix Foothold, Totaling Seven Assets
San Diego-based Tower 16 Capital Partners recently acquired Park 67 Apartments, a 160-unit multifamily property in Glendale, AZ, for $30.4… Read more
Natomas Warehouse’s Tenancy and Location Garner Unprecedented Interest
A single-tenant 206,000-square-foot industrial warehouse at 1701 National Dr. in Sacramento’s Natomas submarket sold for $36.9 million. The buyer was… Read more
Partnership Snaps Up Properties to Help Preserve Essential Rental Housing
Middle-income renters battling rising housing costs in California are getting some welcome relief. Newport Beach-based Lyon Living recently sold three… Read more
Tustin Life Sciences Asset Makes for a Strategic Addition to Stos’ Portfolio
Stos Partners acquired a 71,616-square-foot high-tech manufacturing property in the Orange County submarket of Tustin from a private seller for… Read more
Covington Affiliates Go for Mega-Industrial Saugus Station in a Big Way
The Saugus Station Industrial Center in Santa Clarita, CA recently sold to affiliates of Covington Group Inc., a Dallas-based private… Read more
Numerous Metrics Remain at Red-Hot Growth Levels
The U.S. GDP growth rate in third quarter 2021 disappointed many observers and set off calls to continue various Federal… Read more
Park Crossing Preserves Rents for NorCal Middle-Income Workers
Danville-based Opportunity Housing Group (OHG) recently acquired the Park Crossing Apartments, a 200-unit multifamily property at 2100 West Texas St.,… Read more
Combined Value of Five Starbucks is $21M, a Record PSF
Five newly built single-tenant net-leased properties occupied by Starbucks drive-thrus in separate transactions recently closed in La Palma, Redondo Beach,… Read more
Viano is Positioned to Take Advantage of IE Rent Growth
A 264-unit apartment complex in Riverside, Viano at Riverwalk, recently sold to Greystar Real Estate Partners. The price was undisclosed.… Read more
W Hollywood Goes for Nearly $200M in Sale to Trinity/Oaktree
A joint venture among funds managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC, and… Read more
El Segundo Becomes 200th Agency to Join SoCalREN
The Southern California Regional Energy Network (SoCalREN) is now 200 public agencies strong. El Segundo recently became the 200th agency… Read more
Atlanta’s ShareMD Buys Three Healthcare Facilities for $46M
Alpharetta, GA-based ShareMD, a healthcare real estate and physician practice solution company, has closed escrow on three healthcare facilities for… Read more
Chicago Imposes Vaccine Requirement for Indoor Restaurants, Entertainment Venues
The Lightfoot administration on Tuesday said that patrons of indoor restaurants, gyms and indoor entertainment venues serving food and beverage to… Read more
Merchants Capital Closes on Tax Credit Equity Funds
Merchants Capital has closed on two tax credit equity funds totaling more than $233.4 million. They include the $172.5-million Fund V, the Carmel, IN-based… Read more