California
Prologis’ Moghadam: $25B in ‘Unabated’ Investment Activity Achieved Despite 2020’s Disruption
San Francisco-based Prologis, Inc. reported year-end 2020 investment activity totaled $25 billion on an owned and managed basis. The logistics… Read more
CushWake Brokers $32M Sale of Macy’s Distribution Center in Tampa
Cushman & Wakefield has brokered the $32 million sale of the Macy’s Distribution Center in Tampa. Located at 4130 W.… Read more
Nominate the Year’s Top Sales and Leasing Brokers
Do you know a commercial real estate broker or team who made a big impact in 2020 amid the challenges… Read more
Ascentris, Cypress Claim Novus Innovation Corridor Tower
Denver-based Ascentris, in partnership with San Diego-based Cypress Office Properties, LLC, acquired 777 Tower at Novus in Tempe. The six-story… Read more
Aegis Living, Blue Moon Snag 10 Senior Living Assets in $350M Deal
Bellevue-based Aegis Living and Boston-based Blue Moon Capital Partners LP formed a second JV with the acquisition of 10 communities… Read more
California Corporate Tax Hike Proposed as Homeless Funding Solution
A bill proposed by California legislators on Wednesday would increase taxes on corporations in an effort to help solve the… Read more
Matthew Carney Joins Aries Capital Team in SoCal
Chicago-based Aries Capital, LLC expanded its SoCal team with the addition of Matthew Carney as Vice President on the full-service… Read more
Praelium, Shopoff JV Snags Santa Barbara Tech Campus
Irvine-based Shopoff Realty Investments and Praelium Commercial Real Estate acquired Castilian Technical Center, a 165,905-square-foot headquarters property in Goleta. The… Read more
Regency Centers Divests Torrance Retail Center for $40M
South Bay Village, a 107,539-square-foot grocery-anchored shopping center in Torrance, traded hands for $39.7 million. The buyer was London-based investment… Read more
Sares Regis-Hunter’s CityLine Sunnyvale 12-Story MXU Development Advances
The Sunnyvale Planning Commission approved plans for CityLine Sunnyvale’s 12-story, mixed-use development at 200 S. Taaffe St. in downtown Sunnyvale.… Read more
Sovereign Properties Secures $60M Construction Loan for Davenport MF Project
JLL has arranged a $60 million construction loan for Sovereign at Town Center, a luxury, garden-style community in Davenport, FLA.… Read more
Harrison Street Expands Solar Portfolio by 102 Megawatts
Chicago-based Harrison Street acquired five portfolios of commercial and industrial solar assets from Ecoplexus, Inc., a leading global developer and owner… Read more
MG Properties Boosts Phoenix Portfolio with $145M Acquisition
San Diego-based MG Properties Group acquired Andante Apartments in Phoenix from Seattle-based Security Properties for $145.25 million. The 576-unit apartment… Read more
Minkoff’s Downtown Sunnyvale Office Development Secures Financing
Square Mile Capital Management LLC closed a $114-million loan to finance the construction of 100 Altair, a 180,000-square-foot office building… Read more
Prologis Buys DTLA Redevelopment Site from Greyhound
Prologis LP acquired an 8.29-acre site in Downtown Los Angeles from Greyhound Inc. reportedly for a price in the neighborhood… Read more
Rockefeller Divests Two Recently Completed Assets for $81M
Rockefeller Group sold two recently completed industrial properties in the Inland Empire to separate buyers. The two buildings, which total… Read more
Westcore Wraps Up 2020 with 4M-SF National Logistics Portfolio Purchase
San Diego-based Westcore, acquired a 4.08-million-square-foot industrial real estate portfolio over nine major markets across the nation. Westcore purchased the… Read more
Oxford Properties Acquires Life Science Portfolio in California and Boston for $276M
Global investor, asset manager and developer Oxford Properties has acquired four life science assets totaling 415,000 square feet as well… Read more
U.S. Industrial Absorption Sets New Records
The U.S. industrial market finished the year with 89.8 million square feet of net absorption, the strongest single quarter ever… Read more