California
Park Hotels Sells Le Meridien and Hotel Adagio for $304M
Park Hotels & Resorts Inc. has entered into two separate definitive contracts to sell the 360-room Le Meridien San Francisco… Read more
McClurg Court Center Trades in Chicago’s Biggest Apartment Sale YTD
San Francisco-based FPA Multifamily has acquired McClurg Court Center, a 1,061-unit apartment complex in Streeterville. Crain’s Chicago Business reported it… Read more
Strong Everett Market Lends to Combined Multifamily Buys
Two garden-style multifamily properties, Highlander and Cascadian, recently sold in Everett, WA for $39.65 million in combined sales. The buyer… Read more
Newsom Urges Water Reduction Amid Drought Conditions
Amid intensifying drought and record-breaking temperatures across the Western United States last weekend, Gov. Gavin Newsom recently added nine counties… Read more
Television Center Gets New Life as Hollywood Exchange
BLT Enterprises is repositioning its recently acquired 200,000-square-foot creative campus, which the firm has rebranded as the Hollywood Exchange. The… Read more
Loan Will Convert 114 Pacifica Into Class-A Medical Office
114 Pacifica Court, a 110,392-square-foot office building in Irvine, recently obtained financing. Loan proceeds of an unspecified amount will be… Read more
Building Permits Signal Start of SilverRock Resort
Building permits have been pulled for the homes at SilverRock Resort in La Quinta, with construction set to begin this… Read more
Parco Joins Revitalization Wave in National City
Located in downtown National City at the intersection of 8th + B, Parco joins a wave of revitalization in National… Read more
Report Analyzes COVID’s Impact on Northern California Multifamily
Woodmont Real Estate Services recently released a market report that analyzes the impact of the pandemic on apartment rents, occupancy… Read more
Parcland Crossing Sells to Sunroad for $125M
The 383-unit multifamily community Parcland Crossing in Chandler recently sold to San Diego-based Sunroad Enterprises for $125 million. Sunroad renamed… Read more
Newsom Launches $1.1B Initiative for CA Beautification
Gov. Gavin Newsom launched a $1.1 billion initiative in partnership with local governments to revitalize California’s streets and public spaces… Read more
SoCal Innovation Park $92M Buy Sets Pricing Record
Cantor Fitzgerald recently acquired Boston Scientific’s neuromodulation division global headquarters at Southern California Innovation Park for $92 million. At $510… Read more
MCA Realty Hits $50M Fundraising Target
Orange County-based MCA Realty successful raised its first fund, hitting its target with $50 million in equity commitments, resulting in… Read more
Tejon Ranch Commerce Center Draws Tenant Interest
With record absorption and limited inventory, Tejon Ranch Commerce Center continues to draw interest from prospective new tenants as new… Read more
ZEISS Innovation Center Combines Business Lines in One Facility
The new ZEISS Innovation Center at 5300 Central Pkwy. in Dublin, CA brings together different lines of business within one… Read more
The Butter’s Back on the Popcorn at Movie Theatres
Among the retail sectors that suffered the most extensive impact from pandemic-related shutdowns, movie theatres by and large have demonstrated… Read more
Pandemic Saw Pay Levels Fluctuate at S&P 500 Companies
Median pay changed by 5% or less at about a third of S&P 500 companies during the pandemic, the Wall Street… Read more
Agora Targets Retail, Industrial and Multifamily QOZ
Agora Realty recently formed a joint venture with a family office to launch a new fund specifically targeting properties located… Read more
Quick Action Leads to Alere’s Industrial Acquisition
An approximately 33,400-square-foot class-A industrial warehouse located at 4433 Pacific Blvd. in the Los Angeles County submarket of Vernon, CA,… Read more