California
Conditions are Ripe for Sale-Leasebacks
The ongoing pandemic is severely affecting many businesses’ revenue, working capital is limited, lending guidelines are more stringent than in… Read more
Partner Will Implement Rabbet Platform Across Thousands of Projects
Partner Engineering and Science, Inc. said it would adopt Rabbet’s technology across thousands of commercial real estate construction projects representing… Read more
California Legislature Seeks Extension on Tenant Evictions
California courts are bracing for eviction cases to double in the coming year as renters’ COVID financial woes widen. That… Read more
85-Foot Art Installation Pays Homage to RBG
Installation of a five-story public art piece celebrating the life of Supreme Court Justice Ruth Bader Ginsburg was completed this… Read more
Avison Young Names New LA Managing Director
A 36-year industry veteran who has served as principal with Avison Young since 2011, Chris Bonbright, was recently promoted to… Read more
Hines Sheds Mega-Industrial in Santa Ana
Hines recently completed the sale of 515 E. Dyer, a 373,942-square-foot industrial logistics facility in Santa Ana, for $113.5 million.… Read more
Hybrid Model Fits the Bill for Former Food 4 Less
Due to its location and retail market dynamics, brokers recognized the highest and best use of a former grocery store… Read more
High Credit Tenancy Properties Land OC Investors
Two El Cajon properties located at 600 Broadway and 1830 Gillespie Way are long-term single-tenant net-leased assets with high credit… Read more
Berkeley and Oakland Portfolio Gets $37M Refi
Although the 10-year Treasury increased 30 basis points from application, a NorthMarq lending team was able to close on a… Read more
Key SoCal Multifamily Prime for Investment, Upgrades
With an eye toward renovations, investor and operator Waterton recently acquired 310 units of The Vue, a 16-story fractured-condo rental… Read more
Bay Area Restaurants, Wineries Sue State Over Ban on Outdoor Dining, Wine Tasting
The Wine Country Coalition for Safe Reopening filed a lawsuit against Governor Gavin Newsom and California State Public Health Officer… Read more
OC Lab Space Expands to Meet COVID Demand
WCCT Global Inc., a contract research organization specializing in early phase clinical trials, is expanding its Orange County-based clinical pharmacology… Read more
Mid-Rise Winslow Nabs $113M Construction Loan
Construction financing to the tune of $112.6 million was recently secured for the development of a class-A mid-rise apartment community.… Read more
Record Low Vacancies and High Leasing End Year in IE
Despite recent job growth, the Inland Empire lost 108,000 jobs last year and is still recovering from the economic impact… Read more
Q&A: Edge Realty Partners Continues Growth with Hire of Skrbin in California
Commercial real estate firm Edge Realty Partners recently announced the hire of Stephanie Skrbin as a new partner and principal… Read more
Hotel Performance in Drive-To Destinations Expected to Recover Earlier
The early innings of the lodging sector’s recovery this year will skew toward properties in drive-to destinations, says CBRE. Additionally,… Read more
Law Firm Expands Footprint at Houston’s Wells Fargo Plaza
Susman Godfrey, LLP has grown its Houston office with a lease expansion at Wells Fargo Plaza, a 71-story office building located… Read more
Irvine Company Inks 60K SF in Leases at Spectrum Terrace
Irvine Company signed two leases totaling nearly 60,000 square feet at Spectrum Terrace in Irvine. The 1.1-million-square-foot campus brings together… Read more
Kidder Mathews Creates West Coast Client Services Role, Appoints Paul Klink to Lead
Kidder Mathews promoted Paul Klink to President of its new Client Services endeavor, which will focus on expanding the firm’s… Read more