California
LA City Council Narrows Rent Caps on Stabilized Apartments
Los Angeles strengthened its rent stabilization law for the first time since 1985 Wednesday, setting a maximum 4% ceiling on… Read more
Mata Construction to Lead Next Phase of Terminal 2 Refresh at LAX
Mata Construction Services, Inc., a Los Angeles–based general contractor, has been selected by Los Angeles World Airports (LAWA) to spearhead… Read more
CBRE Tapped to Market San Francisco Centre & Emporium
CBRE’s Capital Markets team in San Francisco has been selected to market San Francisco Centre & Emporium, a landmark mixed-use… Read more
Madison International, Big 4 Partner on Hollywood Multifamily Acquisition
Madison International Realty and Big 4 Properties have acquired El Centro Apartments and Bungalows, a Class A mixed-use multifamily and retail community… Read more
CIP, Almanac Refi Shallow-Bay Industrial Portfolio for $820M
CIP Real Estate has closed on an $820-million loan refinance for a national portfolio comprising 42 shallow-bay industrial properties totaling… Read more
CBRE Facilitates Cerritos Office Portfolio Sale on Behalf of Receiver
CBRE facilitated the $35.6-million sale of the Cerritos Towne Center portfolio, encompassing 328,840 square feet across three addresses: 12750 Center Ct., 17785… Read more
Brixton Recapitalizes Grocery-Anchored Retail in Inland Empire, Phoenix
Brixton Capital has recapitalized two of its grocery-anchored retail properties in a joint venture partnership with TriPost Capital Partners, a real estate… Read more
Eagle Partners Closes on $107M Market-to-Affordable Conversion in Hacienda Heights
Eagle Partners has closed on a $107-million affordable housing preservation acquisition, The Hills at Hacienda Heights, a 1970-vintage, 350-unit apartment community in… Read more
SRS Real Estate Arranges Ground Lease Sale of Oregon Chick-fil-A
SRS Real Estate Partners announced the $6.57 million ground lease sale of a Chick-fil-A property located at 14801 Kruse Oaks… Read more
Tokio Marine Subsidiary Acquires Majority Stake in ACORE Capital
ACORE Capital, one of the leading U.S. commercial real estate investment managers, said Tuesday that Tokio Marine Holdings, Inc.’s wholly… Read more
Grocery Outlet Plans to Open in Former Graham Rite Aid
Discount food chain Grocery Outlet is planning to open a store that will be located in a 17,400-square-foot former Rite… Read more
Philip Voorhees Leaving CBRE to Oversee Acquisitions at BISON Partners
BISON Partners announced that Philip Voorhees will join the firm as a partner overseeing acquisitions and capital markets, following his planned… Read more
Defense Contractor Saronic Signs Long-Term Lease in Sports Arena Submarket
Colliers arranged an 83,469-square-foot lease at 2727 Kurtz St., a two-story industrial warehouse/flex research and development building in San Diego’s… Read more
Ballast Adds Pacific Heights Apartments to Bay Area Portfolio
Ballast, a vertically integrated real estate investment and operating platform, has acquired Grosvenor Court Apartments in San Francisco for $31.9 million.… Read more
Walker & Dunlop Closes $625M of Freddie Mac Loans for IMT Capital
Walker & Dunlop, Inc. arranged $625,299,000 in fixed-rate loans from Freddie Mac on behalf of IMT Capital to refinance eight multifamily… Read more
Houston’s $200M Space Institute Inks First Tenant
California-based Astrolab has leased space in the Texas A&M University Space Institute, which is under construction near NASA’s Johnson Space Center. The… Read more
Colliers Closes $53M Sale of Residential Development Site in Bonsall
Colliers arranged the $53,000,000 sale of the Ocean Breeze Ranch residential development site in Bonsall. The property encompasses two planning… Read more
Flying Horse Investments Will Reposition Downtown Berkeley Retail
Flying Horse Investments LLC (FHI), a Los Angeles-based real estate investment firm, has acquired Shattuck Plaza, a 29,187-square-foot street-front retail property at… Read more