California
Ashkenazy Acquires Neiman Marcus Site in Beverly Hills
Ashkenazy Acquisition Corp., a private real estate investment firm owned by Ben Ashkenazy, has acquired the two-city-block Neiman Marcus site… Read more
AI That Untethers CRE Procurement: Q&A with FlumeAI’s Alex Seyfert
Rising costs for interior materials and FFE may seem inevitable, but artificial intelligence innovation is untethering procurement from traditional supply chain… Read more
Waterton Buys Again in Woodland Hills’ Warner Center
Chicago-based Waterton has acquired the Motif apartment community as part of its core investment strategy. Motif is a 395-unit rental… Read more
Law Firm Benesch Expands Firm’s Chicago Office Footprint
Benesch Friedlander Coplan & Aronoff, a Cleveland-based law firm, is making a significant expansion of the firm’s Chicago office. The… Read more
Rithm Capital Closes on Paramount Group Acquisition
Rithm Capital Corp. said Friday it had completed its previously announced $1.6-billion acquisition of Paramount Group, Inc., a vertically integrated… Read more
Garage Condo Project Lands Acquisition and Repositioning Loan
JLL Capital Markets secured an acquisition and repositioning loan for Grand Prix Auto Club, a garage condo redevelopment project in San Diego. Located… Read more
AvalonBay Nears Sale of Sunset Towers in San Francisco
A venture led by Alexander Shalavi with Bridge Capital Partners Inc. has AvalonBay Communities’ Sunset Towers under contract, the San… Read more
Merger Will Extend Citizens Business Bank’s Reach into Bay Area
CVB Financial Corp., the holding company for Citizens Business Bank, and Heritage Commerce Corp. have agreed to merge in an… Read more
Thorofare Provides $51M Refi on Irvine MOB for Harrison Street, Archer
JLL Capital Markets arranged a $51-million refinancing for Pacifica Medical Plaza, a 114,209-square-foot medical building in Irvine. Senior managing director John… Read more
UCSF Expands Mission Bay Holdings with $767M Acquisition
The University of California, San Francisco (UCSF) has paid $767 million to acquire a pair of buildings at the edge of… Read more
Corona Industrial Trades in Reverse 1031 Exchange
Stream Realty Partners finalized the $12.6-million sale of a 45,318-square-foot industrial facility at 1240 Quarry St. in Corona. The seller was… Read more
Recall AI Doubles Headquarters Space in SOMA Lease with Clarion
Transwestern Real Estate Services represented Clarion Partners in a 14,969-square-foot headquarters lease for Recall AI at 475 Brannan St. in San… Read more
California Pizza Kitchen Sells to Investor Group
Consortium Brand Partners (CBP) anticipates “a new era of growth” for California Pizza Kitchen (CPK), the casual dining restaurant chain… Read more
BKM, Kayne Anderson Add Light Industrial in San Jose’s Golden Triangle
BKM Capital Partners and Kayne Anderson Real Estate have acquired PacTrust Business Center in San Jose for $30 million. The acquisition… Read more
Oaktree Lends $125M on Downtown Glendale Apartments
JLL Capital Markets said Tuesday it had secured a $125-million financing for TenTen Campus, a newly built 228-unit Class A… Read more
Aimco to Sell Chicago Multifamily Portfolio for $455M
Apartment Investment and Management Company (Aimco) has entered into a definitive agreement to sell its portfolio of seven apartment properties,… Read more
Lancaster Sale Continues Break-Up Strategy for Shopping Center
Hanley Investment Group Real Estate Advisors arranged the sale of a multi‑tenant shop building adjacent to Smart & Final Extra!… Read more