California
Grocery-Anchored Centers Stay Hot in Phoenix
Two grocery-anchored retail centers in Phoenix recently sold for a combined total of $14 million. The first property, Safeway Shops… Read more
California Utilities to Buy Clean Power Under Proposal
Last week, California regulators approved a proposal that will require utilities to buy more clean power. Under the proposal, utilities… Read more
Chicago Multifamily Rents Continue Growth Streak
Chicago apartment rents increased 2.5% during June, and increased by 1.5% in comparison to the year-ago period, Apartment List reported.… Read more
Hyatt Hotel Nue Secures $27M Construction Bridge Loan
A $27 million construction completion bridge loan was recently provided to recapitalize the Hyatt Hotel Nue at 1525 North Cahuenga… Read more
Escrow Closes on Land for Village of Rienda
Escrow has officially closed on land for the new Village of Rienda, according to Rancho Mission Viejo officials. The Village… Read more
LuxLiv @ Tyler Supports New Owner’s Repositioning Strategy
LuxLiv @ Tyler, a 62-unit multifamily property located at 3901 Dawes St. in Riverside, recently sold for $23 million. The… Read more
Hines Nabs Activity Business Center in Miramar
Activity Business Center, a five-building multi-tenant industrial asset totaling 161,168 square feet in the Miramar submarket of San Diego, recently… Read more
Google Set to Welcome Bay Area Workers Next Week
Google recently confirmed the protocols it will be following for initial reopening at its California offices this month ahead of… Read more
LinkedIn Buys its Headquarters Campus for $323M
LinkedIn is no longer a tenant at 950, 1000 and 1020 W. Maude Ave. with its recent acquisition of the… Read more
Bellwether Closes Fannie Mae Loan on Minnesota Affordable
Bellwether Enterprise Real Estate Capital LLC closed a $10,080,000 Fannie Mae loan for the acquisition of Four Seasons Apartments in Faribault, MN,… Read more
Harrison Street Acquires 28 Assets in Two Senior Housing Portfolios
Harrison Street has been busy with senior housing purchases. In the first, Harrison Street acquired a 12-property class-A senior housing… Read more
Colony Credit Completes Rebrand as BrightSpire Capital
Colony Credit Real Estate has completed its rebranding as BrightSpire Capital, Inc. Headquartered in Midtown Manhattan while maintaining a substantial… Read more
CMG and Seven Gables Form Primco Mortgage
CMG Financial and Seven Gables Real Estate, an Orange County real estate brokerage, announced the launch of a new joint… Read more
Beard Papa’s Returns to Rancho Cucamonga
The world-famous cream puffs chain, Beard Papa’s, is coming back to Rancho Cucamonga. The dessert baker is set to officially… Read more
Kilroy to Develop Class-A Office in Little Italy Neighborhood
Pacifica Companies recently sold an approximately 1.3-acre land development site in downtown San Diego to Kilroy Realty Corporation for $42… Read more
Rubicon Point Closes Commingled Fund at $232M in Assets
Rubicon Point Partners announced the final close of its inaugural commingled fund, Rubicon First Ascent LP, with a total of… Read moreVIDEO: “The Pent-Up Demand is Huge” for Multifamily
The set of opportunities awaiting multifamily owners and investors in the near and longer term is considerable, and the secret… Read more
Meridian Arranges Refi on Net-Leased Portfolio of Medical Office, Retail Assets
Meridian Capital Group arranged $35.5 million to refinance the Hirschfield Portfolio containing 18 separate commercial properties in California, Colorado, Florida,… Read more
California Secures Fire Grant to Suppress Lava Fire
Gov. Gavin Newsom says California has secured a Fire Management Assistance Grant (FMAG) from the Federal Emergency Management Agency to help… Read more