California
Robinhood, Dick’s Sporting Goods Each Lease 125K SF at Vornado’s Penn 2
Bay Area fintech firm and retailer Dick’s Sporting Goods each have signed for roughly 125,000 square feet of office space… Read more
Morgan Stanley Real Estate Acquires Massive IOS Parcel
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), has acquired an industrial outdoor… Read more
Scale AI Relocating DC Office to Larger Space in National Landing
Scale AI Inc., a San Francisco company that supplies training data for artificial intelligence technology, is relocating its D.C. office… Read more
Costa Mesa Offices Sell for Residential Redevelopment
CBRE negotiated the $44.5 million sale of 3150 Bear St., a 70,799-square-foot office building in Costa Mesa. MLC Land Holdings… Read more
Safehold Closes on Ground Leases for Six Affordable LA Projects
Ground lease REIT Safehold Inc. has closed on ground leases for the development of six affordable housing communities in Los Angeles. The Low-Income Housing Tax… Read more
F&F Lands $30M Fannie Mae Loan to Refinance San Diego Apartments
KeyBank Real Estate Capital (KBREC) secured a $30.387-million fixed-rate Fannie Mae 10-year term, five years interest-only loan for F&F Properties to… Read more
Sagard Acquires Bay Area Industrial from LA Nonprofit
Denver-based Sagard Real Estate said it had acquired a 260,989-square-foot warehouse in San Leandro. CBRE, which did not identify the… Read more
Macy’s, TMG to Explore Future Use of Flagship San Francisco Store
Macy’s, Inc. has reached an agreement to form a venture with TMG Partners, one of the Bay Area’s leading real estate firms, to explore the future potential of its historic Union Square property in San Francisco. The… Read more
Rexford Parts Ways with CIO Patrick Schlehuber
Patrick Schlehuber and longtime employer Rexford Industrial Realty Inc. have parted ways, Connect CRE has learned. As of this writing, Schlehuber has not been succeeded as the… Read more
Fully Leased Brea Offices Sell to Private Investor
NAI Capital Commercial executive managing director Ryan Campbell and Tony Naples of Lee & Associates represented a private investor in the $19.5-million… Read more
Twin Peaks Christian Campus Lists for $12M
The Hoffman Company has listed the Twin Peaks Christian Campus, a fully improved 24-acre institutional property in the San Bernardino Mountains, at $12… Read more
Oakland’s Brooklyn Basin Project Pivots Rental Building to Condos
Signature Development Group said Tuesday that Caspian, launched as one of seven for-lease multifamily buildings completed thus far at the Brooklyn… Read more
Investor Buys Seattle-Area Apartment Complex for $96M
MG Properties has purchased the Dockside Apartments, a 344-unit property in Kent, for $95.6 million. The San Diego-based company acquired… Read more
CBRE Acquires Pearce Services, Provider to Digital and Power Infrastructure, for $1.2B
CBRE Group, Inc. said Tuesday it acquired Pearce Services, LLC, a leading provider of advanced technical services for digital and power infrastructure, from… Read more
Sharpsburg Publix-Anchored Center Changes Hands
Hanley Investment Group Real Estate Advisors arranged the off-market sale of Fischer Marketplace, a newly developed, 100%-occupied, 70,134-square-foot shopping center… Read more
Eastern Union Closes Financing for San Fernando Industrial
Eastern Union has secured $10 million to refinance an owner-occupied, 102,862-square-foot industrial condominium in San Fernando, 23 miles northwest of… Read more
Inland Empire Multifamily Duo Trades for $41M
CBRE finalized the $41.1-million sale of two Inland Empire multifamily communities: Springbrook Park Apartments, a 120-unit property located at 1100… Read more