California
California Executives Meet with TX Economic Development Leaders
California business executives recently met with Texas economic development leaders in San Francisco to discuss the advantages of relocating to… Read more
NYC Leads Metros in Delinquency Balance, But Not Rate
Although the New York-New Jersey SMSA has the highest CMBS delinquency balance at $4.7 billion as of October, it doesn’t have the highest rate, Trepp… Read more
Project Denotes Step Forward in Anthem’s Sacramento Expansion Strategy
Financing to the tune of $39 million in construction debt and $20 million in equity was recently arranged for a… Read more
Stos Quickly Sources and Secures HQ Facility in Poway
Stos Partners recently acquired a 37,530-square-foot corporate headquarters and manufacturing facility in the North San Diego County city of Poway.… Read more
Bacara to Feature 170 Townhomes Upon Opening in Late 2022
Bacara, located at 24808 Prielipp Rd. in Wildomar, will feature 170 one-, two- and three-bedroom townhomes upon opening in late… Read more
Tustin Rehabilitation Represents Rare Healthcare Asset
Tustin Rehabilitation Hospital, a 73,180-square-foot medical facility comprising two buildings in Tustin, recently sold for $18 million. Located at 14851… Read more
Universe Holdings Receives $36.5M Cash-out for 11 Multifamily Properties
Capitalizing on the ongoing rise in property values in its 7,500-unit portfolio history, Universe Holdings recently received $36.5 million in… Read more
To Diagnose the Supply Chain Logjam, Use “the Rule of 1.5”
A recent segment of CBS-TV’s 60 Minutes took viewers onsite at the Port of Long Beach and also at the offices of a toy importer in… Read more
CRE Investors May Be Underestimating the Impact of Insurance Costs
Homeowners won’t be surprised to see insurance premiums go up following a year of natural disasters and the collapse of the condominium tower in… Read more
Lennar and Veev Partner on Modular Construction Development
Lennar and panelized building technology, Veev, recently committed to a new residential community as a follow-on to Lennar’s investment in… Read more
Wynn Palms Acquisition Allows Tides to Build Scale
Wynn Palms, a 555-unit garden-style multifamily property in Las Vegas, recently sold for $113.5 million. The buyer was California-based Tides… Read more
Electric Scooter Maker Wheels into Industry City
Voro Motors, a personal electric scooter manufacturer, has signed a 4,250 square-foot lease at Industry City in Sunset Park. The Los Angeles-based… Read more
TruAmerica Enters Houston with Two-Property Portfolio Buy
TruAmerica Multifamily has made its first investments in Houston with the acquisition of a two-property multifamily portfolio totaling 652 units.… Read more
CLT Innovation at Millbrae Rec Center Leads by Example
Project sponsors and designers often ask: What is the big idea or impact of the project? At the Millbrae Recreation… Read more
Elan Village North in Oceanside Gets Refi of $19.5M
Elan Village North, located at 854 Vine St. in Oceanside, recently received $19.5 million in refinancing. The 10-year fixed loan… Read more
Construction is Underway on Talus La Quinta in Coachella Valley
Construction is underway on Talus La Quinta in Coachella Valley being developed by The Robert Green Company. Upon completion, Talus… Read more
Guthrie Delivers 63 Units to Often-Underserved Market Segment
Irvine-based Guthrie Development Company recently sold 63 individual units across three industrial properties in Orange County for a combined total… Read more
Theo Pasadena Joins Waterford Property’s Growing Portfolio
Theo Pasadena, a 105-unit apartment property in Pasadena, recently sold for $67 million or $638,095 per unit. The buyer was… Read more
California Reduces Container Backlog by 32%
This week, Gov. Gavin Newsom highlighted ongoing work to address the global supply chain crisis, including policies to help ease… Read more