California
Kennedy Wilson Names Head of Commercial Investment Group
Gary Palmer has been named president of the commercial investment group at Kennedy Wilson, based in Los Angeles. In addition to… Read more
Amazon Plans Fourth Delivery Center in San Francisco
As Amazon continues to increase its reach in the COVID era, the firm confirmed its plans earlier this week for… Read more
Landmark at Otay Lands Its First 153K-SF Tenant
A 153,000-square-foot freestanding industrial building was recently leased in Landmark at Otay, a 50-acre park currently being built by Majestic… Read more
245K-SF Industrial Building in Shea Center Ontario Nets $26M
Considered the premier big-box market in Southern California, the Inland Empire continues to attract large distributors, warehousers, e-commerce companies and… Read more
Newly Acquired Empire Landing is a Rare Large-Unit Offering in Burbank
Clarion Partners and Cityview jointly acquired Empire Landing, a 276-unit garden-style apartment complex in Burbank, for $161 million. Empire Landing… Read more
Starwood REIT Acquires 15,460-Unit Apartment Portfolio in Recapitalization Deal
Starwood Real Estate Income Trust (SREIT) said Wednesday it had acquired a multifamily portfolio of 15,460 units across 62 communities from San Diego-based Strata Equity… Read more
3M Renews 410K-SF Lease for Global Distribution Hub
3M has signed a 12-year lease renewal for its 410,000-square-foot global distribution hub in DeKalb, IL. The agreement was signed… Read more
Rising Realty Partners Enters TX with Commerce Center Stafford Buy
Rising Realty Partners recently acquired Commerce Center Stafford, a multi-use/light industrial park comprising 16 buildings totaling 245,495 square feet in… Read more
Construction is Set to Kick Off in Early 2022 on Berkeley Multifamily
A $91 million loan recently went toward the construction financing for 2150 Kittredge, a 169-unit multifamily building to be built… Read more
Four Under-Contract Otay Mesa Buildings are Tip of the Iceberg for EastGroup
EastGroup Properties Inc. is under contract to purchase four multi-tenant business distribution buildings totaling 547,000 square feet for $135 million… Read more
Venue at Orange to be Redlands’ First Multifamily in Three Decades
Preferred equity and construction financing of $93 million was recently arranged for the development of Venue at Orange, a 328-unit… Read more
Chargers Campus is Designed with Multi-Faceted Benefits
The new Chargers facility in El Segundo is set to go before the city’s planning commission later this month. It… Read more
Infrastructure Package to Benefit California in Many Ways
The congressional passage of the $1.2 trillion infrastructure investments and jobs act bill package will help to create quality jobs… Read more
Kennedy Wilson Fund Plans to Capitalize on Reno’s Strong Fundamentals
Northtowne Summit, a 220-unit garden-style multifamily property in Reno, NV, recently sold for $66 million. The buyer was Kennedy-Wilson Fund… Read more
CDC Renter Moratorium: The Necessity, the Reality and the Impact on the Multifamily Sector
In September 2020, the Trump administration announced a halt on eviction proceedings targeting residential renters. This was in response to the Centers for Disease Control and… Read more
Cain International Provides $117M Development on South Loop Resi Tower
Cain International, the privately held investment firm led by Jonathan Goldstein, has closed a $117-million development loan to Lendlease and Aware Super for the… Read more
South San Francisco is Hopping with Healthcare, Housing
Healthpeak Properties Inc. recently unveiled the initial phase of its Vantage campus in South San Francisco. The new phase follows… Read more
Two Fully Leased Industrial Buildings Sell in Rancho Cucamonga
Two fully leased industrial buildings totaling 140,563 square feet recently sold for $35.5 million. The properties are located at 11016… Read more
Private Investor Scoops Up Campus at South County for $50M
The Campus at South County, a 210,083-square-foot two-building class-A office campus at 27051 and 27121 Towne Centre Dr. in Foothill… Read more