California
AXE Gravitates to Santa Ana Where Demand Continues to Outweigh Supply
AXE Properties LLC, a manufacturer of custom metalworks, recently paid $8.7 million for a 35,067-square-foot industrial building located at 1525… Read more
Warner Bros. to Lease Back Studio Redevelopment on Historic Ranch Lot
Warner Bros. and a partnership between Worthe Real Estate Group and San Francisco-based investment firm Stockbridge have reached a deal… Read more
CEDARst, Bridge Partner on West Coast Developments
Chicago-based CEDARst Companies continues to execute on its national expansion strategy, forming a joint venture with Bridge Investment Group to… Read more
Marcus & Millichap Team Arranges Back of the Yards Land Sale
Marcus & Millichap arranged the sale of 1104 W. 43rd St., an eight-acre land parcel in the South Side’s Back of… Read more
Investor Competition for Quality Assets Remains Stiff
K Street Flats, a 170-unit multifamily property in downtown Berkeley, recently sold for $100 million. Built in 2006, the development… Read more
Sorrento Mesa’s Limited Supply Gives Buyers a Sense of Urgency
Sorrento Heights, a two-building office project comprising 92,875 square feet located at 9980 and 10020 Huennekens St. in San Diego,… Read more
Industrial Lease Rates, Vacancies Hit Historic Numbers
The Inland Empire remains one of the most sought-after markets for industrial space as vacancies reach a historical low, according… Read more
Coastal Triple-Net-Lease Investor Market Stays Hot
An 11,838-square-foot single-tenant retail building in Huntington Beach recently sold for $11.29 million. A private 1031 exchange investor acquired the… Read more
Dreamscape JV Goes Forward with Plans for East Hollywood Project
Dreamscape Companies and American Commercial Equities (ACE) are moving forward with joint venture plans for a large-scale mixed-use development at… Read more
California is Still Playing Catch-Up with Pre-Pandemic Trade Levels
A combination of the Delta variant’s adverse impact on global commerce, congested international supply chains and steep increases in shipping… Read more
Green Street’s Advice to Property Investors: Buy Now
Buy now, Green Street advises commercial property investors. All signs point to higher pricing and lower cap rates next year. “The perfect storm of ultra-low bond… Read more
Home Foreclosures Up Sharply from “Extreme Lows”
With both government and private-sector protections enacted at the height of the pandemic now expiring, residential foreclosures have begun to surge. Relatively speaking. CNBC… Read more
Sports Arena Site’s Goal is Part Housing, Part Entertainment
In the past year, Discover Midway has been working closely with the Sports Arena Community Advisory Board (CAB) to gather… Read more
OC Rents Drive Industrial Demand to Norco/Corona
Combined, the cities of Norco and Corona make up a key distribution infill market with limited remaining developable land. The… Read more
Credit Pharmacy Tenants in Durable Assets Draw Investor Attention
Two single-tenant retail buildings triple-net leased to Rite Aid and Walgreens recently sold for $19.69 million, demonstrating investor appetite for… Read more
Kennedy Wilson Set to Break Ground on CSUCI Project
Building on a unique public-private partnership with California State University Channel Islands (CSUCI), Kennedy Wilson signed a long-term ground lease… Read more
Newsom Vetoes Eviction-Delay Legislation
Late last month, the Legislature passed Assembly Bill 1487, which aimed to create a “homelessness prevention fund” and establish a… Read more
Garrick Brown Lands at Lockehouse as COO
Commercial real estate analyst and research guru Garrick Brown recently joined Lockehouse Retail Group as chief operating officer and director… Read more
Bridge Investment Sees Parkway’s Value-Add Upside
El Cajon continues its upward trajectory with the recent sale of Parkway Club, a 277-unit multifamily property in San Diego,… Read more