California
IE Industrial Hit Record Low of 2.4% Vacancy in Q1
The industrial sector was already experiencing a shift in supply chain activity prior to COVID-19, and e-commerce increased the need… Read more
Rancho Mission Viejo is One of First MP Communities to Get Firewise Designation
The Villages of Sendero and Esencia at Rancho Mission Viejo recently received the Firewise USA Designation in recognition of the… Read more
Broadstone Promenade Brings Much-Needed Housing to Long Beach
Broadstone Promenade, the project of Long Beach-based Studio T-Square 2 and its affiliate office in Oakland, has broken ground and… Read more
Fire Update: Lake County State of Emergency, Fire Weather Watch
Gov. Gavin Newsom recently proclaimed a state of emergency for Lake County to support the response to the Cache Fire,… Read more
Hyatt Place Phoenix/Downtown Will Soon Open its Doors
Set to open to guests later this month, the Hyatt Place Phoenix/Downtown is quickly nearing its public debut. The hotel… Read more
Amid COVID Woes, Cumberland Gets Bridge Financing of $32M
Bridge financing of $32.1 million were recently secured for two multifamily property acquisitions located in Portland, OR and Daly City,… Read more
Intercontinental Enters Sacramento Market with Broadleaf Buy
Intercontinental Real Estate Corporation in joint venture with Security Properties recently acquired Broadleaf Apartments, a 244-unit class-B garden-style apartment community… Read more
Shoreline Sale Sets a Record for Lake Elsinore
Vista Pacific Inc. recently acquired Shoreline, a 192-unit garden-style multifamily property in Lake Elsinore, CA, for $46 million. This sale… Read more
DSW Re-Ups Leases at Two Facilities in Rancho Cucamonga
Cold storage facilities have historically performed well during economic downturns but it is not only grocery chains that require cold… Read more
Orange County Has Robust Growth in New MOB Development
As new construction spaces with higher rental rates continue to get absorbed, the average rental rate for Orange County medical… Read more
Investment Property Group Sees Mobile Home Asset’s Upside
Skandia Mobile Country Club, a 167-unit mobile home complex in Huntington Beach, recently sold to Investment Property Group for $58… Read more
PayByPhone Allows Contactless Campus Parking Via Smartphones
More than 30 universities across North America are welcoming students back to campus with contactless parking. PayByPhone allows students, staff,… Read more
Bozzuto Flings Open Doors at Four West Coast Properties
Property management company Bozzuto recently opened its doors at four new West Coast communities. Earlier this year, the company announced… Read more
ShareMD Acquires 34K-SF Medical Office Property in Fort Lauderdale
Healthcare real estate and physician practice solutions firm ShareMD has acquired a 33,974-square-foot multi-tenant medical office atop nearly an acre… Read more
Foothill Terrace Sale Cements Demand for Well-Located Value-Add Multifamily
San Leandro market fundamentals held strong in the past year. Occupancy at the end of 2020 was 95.1 percent compared… Read more
Stockbridge Has Sustainability in Mind with Origin Branding Effort
Stockbridge recently completed the $1.5 million renovation of Origin (formerly Escondido Business Center), a 13-building 255,769-square-foot industrial park located at… Read more
REMM Adds 272 Units to Management Portfolio
The REMM Group recently added evRIA New Diamond Valley Apartment Homes, a 137-unit multifamily community in Hemet and Huntington Cove,… Read more
Chapman University’s Renovation Strategy Preserves and Builds Out
Chapman University’s Sandi Simon Center for Dance is a two-story facility designed to propel the university’s dance program to new… Read more
JERDE Gets Certified as a Minority Business Enterprise
JERDE was recently certified as an official minority business enterprise (MBE) by the state. The company anticipates similar MBE certification… Read more