California
California is Outpacing Nation in Employment Growth This Year
California’s labor market continued to expand at a rapid pace in May, according to a Beacon Economics analysis released jointly… Read more
Hollywood Park Will Pair Entertainment with an Urban Village
Hollywood Park, a mixed-use mega development under construction, is set to bring a new level of retail, office, residential and… Read more
Ben Ketel Joins The Mogharabi Group to Expand West Advisory Services
Veteran multifamily professional Ben Ketel recently joined The Mogharabi Group. He will be responsible for servicing and expanding the firm’s… Read more
Miralon Gets PCBC’s Highest Honor
Miralon, an agrihood in Palm Springs, has received several Gold Awards, the top honor bestowed by Pacific Coast Builders Conference.… Read more
FPA Purchases Off-Market 234-Unit Multifamily Portfolio
The 234-unit apartment portfolio of Elán Summit at Alpine and Meadow Woods at Alpine located in Alpine, CA was recently… Read more
Dalfen’s Pock Lane Logistics Buy Dovetails Into Its Growth Strategy
Dalfen Industrial recently purchased Pock Lane Logistics Center at 4212 Pock Ln. in Stockton for an undisclosed purchase price. This… Read more
MG Gravitates Toward Centra Opportunity
MG Properties Group recently acquired Centra for $74.5 million from FORE Property. This five-story 223-unit property in Midtown Phoenix was… Read more
California Budget Reflects $75.7B Surplus
The California legislature recently passed the 2021-22 state budget bill. California expects a staggering $75.7 billion surplus, an amount that… Read more
Highpointe Communities Adds Bobby Shakoory as CIO
Development company Highpointe Communities has added industry veteran Bobby Shakoory as its new chief investment officer. The move positions Highpointe… Read more
Car Washes in Prime Locations Remain in Strong Demand
Rancho Car Wash located at 27378 Jefferson Ave. in Temecula recently sold to a private investor for $6.05 million. The… Read more
Biotech Growth Leads to Move-In Ready Spec Spaces
Growth of the biotech industry particularly in the San Diego market has made it quite challenging for companies to find… Read more
Ventana Big Sur Sale is a Record $2.5M Per Key
Geolo Capital, the private equity investment arm of the John Pritzker family office, and its joint venture partner Wanxiang America… Read more
Global Gateways Are Poised for Housing Rebound, Some More Than Others
There’s no disputing that the pandemic disrupted life in gateway markets across the globe. The effects on housing markets have… Read more
SB 1157 Helps CA Renters Improve Credit Scores
Gov. Gavin Newsom recently signed Senate Bill 1157 into law, which requires multifamily landlords to offer residents the option of… Read more
Bay Area Tech Tenant Nears Deal for Fulton Market Sublease
Farmers Business Network is finalizing a deal to sublease more than 40,000 square feet from marketing firm Mosaic in a… Read more
Simi Valley Pulls in Industrial Owner-Users Looking for Alternatives
Landlords and tenants alike are finding quality and flexible assets in the Simi Valley market. As an example, 28,129-square-foot class-A… Read more
Landsea Opens Model Homes at Neuhouse in Ontario
Landsea Homes Corporation recently opened model homes at its new master-planned community, Neuhouse, in Ontario, CA. Interested homebuyers must make… Read more
Personal Trust Investor Finds Value in Vista Multifamily
Civic Park Apartments, a 31-unit multifamily property in Vista, CA recently sold for $7.65 million. The buyer was an individual/personal… Read more
Harvest at Fiddyment Ranch Sells to Bridge for $111M
Optimism in Sacramento abounds as Harvest at Fiddyment Ranch, a 300-unit multifamily community in Roseville, recently sold to Walnut Creek-based… Read more