California
$1.9T Rescue Act Will Allow Faster Response on COVID
After President Joe Biden signed the $1.9 trillion American Rescue Plan Act last week, Gov. Gavin Newsom weighed in on… Read more
Seattle Retains Positive Month-Over-Month Multifamily Rents
Recent data from Apartment List represents the clearest indication yet that rent prices are rebounding in markets across the country.… Read more
Colorado Springs Growth Brings in Out-of-State Capital
Garden Gateway Plaza, a three-building office complex in Colorado Springs, recently sold for $11.2 million. Idaho-based Alturas Capital purchased the… Read more
Five-Building Office Campus Pulls in $82.5M Refi
Floating-rate financing totaling $82.5 million was recently provided to a U.S.-based institutional investment manager for the refinancing of a five-building… Read more
Multifamily Buyers React to Low Inventory in San Diego
San Diego’s low inventory had its advantages for the buyer of Las Palmas Apartments. The private buyer recently purchased the… Read more
Ontario Airport Signs Ad Agreement with Walters Auto Group
The Ontario International Airport Authority (OIAA) has announced an advertising and sponsorship agreement with the Walters Automotive Group, exclusive agents… Read more
Santa Cruz Site Offers Rare Central Coast Development Opportunity
West Coast apartment developer-owner-manager Anton DevCo recently acquired a 1.44-acre development site in downtown Santa Cruz. The sale consisted of… Read more
CenterPoint is Bullish on Its Investment Prospects
With the February acquisitions of three Los Angeles-area buildings and a 600,000-square-foot facility in Houston, Oak Brook, IL-based CenterPoint Properties has made… Read more
California Employment Expands as Workforce Becomes Hopeful
Since the depths of the labor market downturn in April, only 44 percent of the jobs lost in California have… Read more
Essential Needs Grocers Remain Among Most Stable Assets
Grocery stores, characterized as essential needs, have been among the most stable property types in rent collection with a rent… Read more
Riverside Ranks in Top Three Multifamily Markets
Radix compiled real-time data for the last 12 months on millions of units on its platform for the entire country.… Read more
Salesforce Abandons Lease Plans in Transbay Tower
On the heels of Salesforce’s announcement that most of its employees will work on flex schedules, the tech firm has… Read more
University Heights Multifamily is Highest Price Per Unit and SF
In one of the highest price per unit and square foot sales ever recorded in the University Heights neighborhood (according… Read more
January Shipments Decline Nearly 5 Percent Y-O-Y
COVID’s influence continues to weigh heavily on almost every aspect of the business world, from soup to nuts, and even… Read more
CityLine Sunnyvale Inks More Retail Tenants
CityLine Sunnyvale continues to fill retail space, including a recently executed lease with City National Bank for an approximately 3,250-square-foot… Read more
Pomona College Athletic/Rec Center Expansion Kicks Off
Groundbreaking recently marked the go-ahead on the expansion of Pomona College’s Athletic and Recreation Center located at 220 E. 6th… Read more
Redevelopment of Dana Point Harbor Moves One Step Ahead
The $330 million redevelopment of Dana Point Harbor has moved one large step forward with Bellwether Financial Group receiving the… Read more
Residential Land in Supply-Constrained Lake Elsinore Moves Forward
Lake Elsinore is characterized as an extremely supply constrained market but a recent land transaction aims to solve that conundrum.… Read more
Today’s CAA Webinars Look to Navigate Rental Assistance Program
The California Apartment Association (CAA) will hold two webinars today to help rental housing providers navigate the state’s Rental Assistance… Read more