California
Family-Owned East Village Properties Find New Owners
Avison Young’s New York City office closed the sale of two four-story residential properties in the East Village. 349 E.… Read more
Parkhouse to Break Ground Next Month in Newport Beach
A $90-million luxury condominium community is coming to Newport Beach as part of Shopoff Realty Investments’ $1.25-billion master-planned development, Uptown… Read more
Work is Underway on Three New Industrial Facilities in Southern California
Work is underway on three large construction projects that will bring nearly 700,000 square feet of new industrial space to… Read more
BH Plans Ambitious CAP Improvement Program at Navarro Building
The building located at 146 Navarro St. was originally constructed in 1968 as a seven story-parking structure for Hemisphere ’68,… Read more
EverWest Buys Prized Distribution/HQ Facility in San Diego for $25M
A creative 74,774-square-foot class-A industrial distribution and corporate headquarters facility recently changed hands in Carlsbad. The buyer was Denver-based institutional… Read more
Two New Tenants Will Call Springline Home
Presidio Bay Ventures has locked in its first two office tenants at Springline, the new 6.4-acre mixed-use development in Menlo… Read more
California Continues to Dominate CRE Surveys
California dominated the top spots in a study from CommercialEdge, claiming 29 out of the 50 entries, including first place.… Read more
TX Exporters Fare Better Than Those in Other States
In a year of unmatched economic decline, unprecedented job losses and thousands of business closures, Texas exporters were not spared… Read more
Vornado, Trump Organization May Part Ways
His second impeachment trial behind him, former President Donald Trump is facing a threat to his real estate empire’s single… Read more
Phil Brodkin Gets EVP Nod for Newmark’s Industrial Strategies
Phil Brodkin has been appointed Newmark’s EVP, head of industrial and logistics services. Brodkin will be responsible for the firm’s… Read more
Veteran Team Joins Berkeley Capital Advisors from Matthews REIS
Top investment sales agents Gary Chou, Aron Cline and Calvin Short join Berkeley Capital Advisors as partners specializing in net… Read more
W. P. Carey Closes $149M of Net Lease Deals
Net lease REIT W. P. Carey Inc. closed three investments totaling $149 million and covering approximately 1.5 million square feet.… Read more
Lefty’s Famous Cheesesteaks Set to Open SoCal Flagship in 2021
Lefty’s Famous Cheesesteak & Grill recently inked an end cap space at 2071 E. Highland Ave. in San Bernardino. Lefty’s… Read more
Silver Creek Snaps Up Super-Regional Michelin Warehouse
JLL Capital Markets arranged acquisition financing for a two-million-square-foot super-regional distribution facility fully occupied by Michelin North America along the I-55… Read more
Construction Gets Underway on Former Capitol Park Hotel
Construction on the former Capitol Park Hotel, located at 1125 9th St. in Sacramento’s downtown core, will transform the building… Read more
A Dozen-Plus Multifamily Assets Secure $173M in Loans
Financing to the tune of $172.9 million was recently secured for 14 U.S. multifamily properties totaling 1,334 units. JLL capital… Read more
Held Builds Scale in Phoenix with Raintree Corporate Center Buy
As long-term investors, Held Properties Inc. will continue to look for compelling investment opportunities as the firm builds scale in… Read more
Butterfield 5 Tech Park Set to Kick Off This Month
Trammell Crow Company (TCC) and CBRE Global Investors plan to break ground later this month on the Butterfield 5 Technology… Read more
Industrial Renewals and Expansions Stay the Course in Inland Empire
With continued e-commerce demand for warehouses and distribution properties, vacancy continues to tighten. The Inland Empire had a robust amount… Read more