California
VC Firm a16z Commits to SoHo Offices
San Francisco-based venture capital firm Andreesen Horowitz (a16z) has signed a 10-year lease at 200 Lafayette St. In SoHo to house its New York… Read more
House Passes LIBOR Legislation; CREFC Urges Swift Senate Passage
The House of Representatives late Wednesday afternoon passed the ‘‘Adjustable Interest Rate (LIBOR) Act of 2021,” H.R. 4616, by a 415- 9 margin.… Read more
City of Hope Acquiring Cancer Treatment Centers for Reported $390M
City of Hope, a cancer research and treatment organization based in Duarte, CA, has entered into a definitive agreement to… Read more
Office R&D Portfolio Buy Makes “Perfect Sense” for LPC Strategy
A 320,000-square-foot office R&D portfolio consisting of three class-A buildings in Fremont and San Diego recently sold to Lincoln Property… Read more
San Bernardino Co. Celebrates Phase Three of Housing Project
San Bernardino County and Related California executives recently celebrated the grand opening of the third phase of a 5-acre site… Read more
Valentia’s Strong Price, Quick Close Speak to Health of the North Orange County Market
The Valentia Apartment Homes, a class-A multifamily community consisting of 335 market-rate units in the North Orange County submarket of… Read more
Waterstone Represents San Fernando Valley’s Largest Sale in 24 Months
Waterstone, a 354-unit apartment building in Chatsworth, recently sold for $101.8 million to Lincoln Avenue Capital. Located at 9901 Lurline… Read more
Temporary I-15 Expansion Between State Line and Barstow to Ease Traffic
California Gov. Gavin Newsom and Nevada Gov. Steve Sisolak recently announced the temporary expansion of Interstate 15 in a five-mile… Read more
Office Project is the Latest in Phase Two of CityLine Sunnyvale
CityLine Sunnyvale has received entitlement approval for the construction of a 153,000-square-foot six-story office building with 8,700 square feet of… Read more
San Bernardino County Population Fuels Strong Retail Activity
Population growth and new housing development in San Bernardino County are fueling strong retail activity across the region. According to… Read more
AmpliFi’s $168M Sale Sets Price Per Unit Record in OC
Grosvenor Americas and Intracorp recently sold AmpliFi Apartments, a 290-unit apartment community at 600 West Commonwealth in Fullerton. The property… Read more
TruAmerica Workforce Housing Fund Closes with $575M in Equity Commitments
Privately held real estate investment firm TruAmerica Multifamily held a final closing on its first discretionary fund, the TruAmerica Workforce… Read more
Inaction on California Bottle Deposit Program Equals 160K Cars on the Road
Inattention to California’s bottle deposit program is dramatically growing the state’s carbon footprint, according to analysis by the Container Recycling… Read more
Retail is Thriving Throughout Greater Phoenix and Across Arizona
In spite of supply chain issues and inflationary pressure, retail is thriving throughout the greater Phoenix market and in key… Read more
Jack in the Box to Acquire Del Taco in $575M Deal
San Diego-based QSR chain Jack in the Box Inc. will acquire Del Taco Restaurants, Inc., the nation’s second largest Mexican… Read more
Green Street: Property Pricing Increases 24% YTD
Commercial property pricing is up 24% year to date and is now 14% higher than it was prior to the… Read more
Two Never-Traded East County Assets Go to Separate Buyers
In an off-market transaction, 1950 and 1955 Cordell Ct. located in the Gillespie Field Business Park in El Cajon, recently… Read more
Suitable Space Comes Amid Unprecedented Industrial Competition in IE
Two Fontana industrial leasing transactions recently closed, totaling more than 530,000 square feet. The first transaction was for Communications Test… Read more
Rancho Mission Viejo and Global Wellness Institute Collaborate on Wellness Initiative
Rancho Mission Viejo, a 23,000-acre master-planned community in South Orange County, is working with the Global Wellness Institute (GWI) on… Read more