California
First Four-Star Hotel in Arcadia Opens its Doors
Le Méridien Pasadena Arcadia, the first four-star hotel in Arcadia, recently opened its doors. Developed by SAICP LLC and managed… Read more
Construction is Imminent at Sovovatum Village Town Center
Phase I of Sovovatum Village Town Center, a retail and recreation center located on the Soboba Band of Luiseño Indian’s… Read more
Second Quarter Industrial Absorption is Highest Ever Recorded
Cushman & Wakefield recently published the second quarter San Diego market reports for the office, industrial and medical office sectors.… Read more
Mixed-Use Project’s Plans Call for Preserving Facade
Preliminary plans were recently submitted for a mixed-use project located at 98 South Second St. on the corner of South… Read more
Marriott Brand and Bellevue Make for a Good Strategic Alignment
Dynamic City Capital (DCC) recently acquired the AC Hotel by Marriott Seattle Bellevue/Downtown for $83.57 million plus personal property. The… Read more
Newsom Issues State of Emergency for Three Counties
Gov. Gavin Newsom recently proclaimed a state of emergency for Plumas, Butte and Lassen counties due to the fires raging… Read more
One Beverly Hills Financial Benefits to Exceed $1B in a 30-Year Period
One Beverly Hills, a $4 billion master-planned development at the Western gateway of Beverly Hills, is expected to proceed after… Read more
Genesis Bank Completes Oversubscribed Capital Raise
Genesis Bank recently completed its oversubscribed initial capital raise of $57 million, led by investors Stephen H. Gordon, managing member… Read more
Tenants, Buyers and Investors Compete for Limited Industrial Opportunities
Industrial activity is still very strong despite rising lease rates and sale prices, with many tenants, buyers and investors competing… Read more
Prime US REIT Scoops Up Sorrento Towers for $146M
Sorrento Towers is a class-A property that consists of two seven-story office buildings situated atop a multi-level parking structure in… Read more
Tauro Capital Advisors Doubles in Size in the Past Three Years
Tauro Capital Advisors Inc. is one of the most active financial intermediaries in California. It recently expanded into Northern California… Read more
Rivian Closes $2.5B Funding Round, Plans Second U.S. Factory
Electric vehicle maker Rivian has closed a $2.5-billion private funding round, led by Amazon’s Climate Pledge Fund, D1 Capital Partners,… Read more
Matthews Adds Bob Osbrink to its Executive Team
Matthews Real Estate Investment Services recently added to its executive leadership team with the strategic appointment of industry veteran Bob… Read more
CAL FIRE Secures 12 Firefighting Aircraft
As part of Gov. Gavin Newsom’s continued investments in emergency preparedness and wildfire response, the California Department of Forestry and… Read more
Westlake Park Place Secures Buyer for $81M
Westlake Park Place, a five-building office campus in Westlake Village, recently sold for $80.8 million. The buyer was a partnership… Read more
Irvine Office Buy Offers Robust Rental Growth
A one-story office property in Irvine located at 2300 Michelson Dr. is a 24,031-square-foot building located in the Greater Airport… Read more
Starbucks at Prominent Intersection Sets Records in Sale
A new Starbucks drive-thru anchored building at 2067 E. Highland Ave. in San Bernardino recently sold to a local private… Read more
Rarely Available Land on Coronado Gets Snapped Up
Land on Coronado doesn’t come along often but .32 acres recently did just that and sold for $7.4 million. The buyer… Read more
San Francisco Retail Finds its Footing in Recent Months
San Francisco’s retail landscape is continuing a bumpy upward path as high vaccination rates in the Bay Area are building… Read more