California
California Rental Assistance Requests Top $1B
Gov. Gavin Newsom said more than $1 billion in rental assistance has been requested to date through the state program… Read more
Unico Properties LLC Gravitates to Stability of Lake Oswego Office
An office property in Lake Oswego, OR recently sold to private equity real estate investment firm Unico Properties LLC, a… Read more
Industrial Buy Presents Opportunity to Bring Rents up to Market
Stos Partners recently acquired an approximately 125,000-square-foot multi-tenant industrial property in the Ventura County submarket of Simi Valley from a… Read more
Buyer Finds Repositioned AD/6 to be Stable Income-Producing Property
AD/6, the six-building corporate office complex in Santa Ana, formerly Deere Alton Business Park, recently sold for $42.8 million. The… Read more
Birtcher Oak Valley Commerce Center to Target Big-Box Tenants
Birtcher Oak Valley Commerce Center, a 125-acre industrial development in Calimesa in the Inland Empire East, recently broke ground with… Read more
Alameda Point Ferry Service is a Game Changer
Combining waterfront living, an easy commute to downtown San Francisco and an approachable price has always been a challenge. However,… Read more
Newsom Signs Budget and $100B Recovery Package
Gov. Gavin Newsom recently signed SB 129, legislation that reflects the majority of the 2021-22 state budget agreement. This budget… Read more
Kennedy Wilson Acquires The Eisley Near Downtown Sacramento
The Eisley, a 405-unit multifamily community that is currently under construction on 14 acres at 1567 Bartlett Way in Sacramento,… Read more
CAA Renews 300K SF Lease at Century Plaza Towers
Entertainment and sports agency Creative Artists Agency (CAA) recently renewed its 302,911-square-foot lease in Century City. The tenant extended its… Read more
Coachella Valley Rents May Climb with Lack of New Construction
A 55-unit portfolio, Tiki Gardens Apartments and Shadow Hills Apartments in Palm Desert, recently sold to a private local buyer… Read more
Housing and Target in Radian Have a 2023 Target Date
Cisterra Development recently began construction of Radian in downtown San Diego’s East Village neighborhood. Radian is a 255,000-square foot 22-story… Read more
CREW OC Hosts Glamping for a Cause
The local chapter of Commercial Real Estate Women of Orange County (CREW) will host Glamping for a Cause, the Annual… Read more
Boston Properties, CPP, GIC Announce Office Co-Investment Program
Developer Boston Properties Inc. (BXP), Canada Pension Plan Investment Board (CPP Investments) and GIC have announced the formation of a… Read more
CBRE: Tech Hiring Poised for Strong Growth After Weathering 2020
North American tech-talent employment weathered the pandemic better than most other professions, managing 0.8% growth while non-tech employment declined by… Read more
Newsom Calls to Free Up Energy Capacity
In response to the growing wildfire in Southern-Central Oregon that is impacting transmission lines used to import energy to California… Read more
Loop Metrics Reach Highest Levels Since Pandemic Began
Chicago Loop Alliance’s June report on downtown activity shows the highest levels for all metrics since before the pandemic. In particular, hotel occupancy… Read more
Low-Coverage Carson Property Presents Rare Opportunity for CenterPoint
A 264,450-square-foot single-tenant distribution property located at 2850 E. Del Amo in Carson, recently sold for an undisclosed purchase price.… Read more
Mission Viejo Retail Property is Rarity in South OC
A two-tenant 26,202-square-foot retail property located at 26911 to 26921 Trabuco Rd. in Mission Viejo recently sold for $11 million.… Read more
Tesla Leases 322K SF in San Bernardino for West Coast Hub
Tesla Inc. recently signed a lease and took occupancy at 19640 Cajon Blvd., Alere Property Group’s recently completed 322,000-square-foot industrial… Read more