California
GIC Increases Investment in CF Finance/View Venture
CF Finance Acquisition Corp. II and View, Inc. said Monday that GIC, Singapore’s sovereign wealth fund, has agreed to invest… Read more
Nacogdoches Apartments Trade in Value-Add Deal
The Multifamily Group (TMG), based in Dallas, recently sold Woodland Trails in Nacogdoches. The 72-unit property traded for an undisclosed… Read more
California Rolls Out Additional Federal Unemployment Benefits
The California Employment Development Department (EDD) on Monday started rolling out the next phase of extended federal unemployment benefits. The… Read more
Cardenas Markets Store in Whittier Trades for $15M
Corona del Mar-based Hanley Investment Group Real Estate Advisors arranged the sale of a brand-new, single-tenant Cardenas Markets in Whittier… Read more
Graymark Claims Palo Alto Site Eyed for Life Science, Alternative Tech Conversion
San Francisco-based Graymark Capital acquired a vacant single-story office/R&D asset in Palo Alto, reportedly for $15.7 million in the San… Read more
John Eichler Leaves CushWake for Avison Young
Highly regarded institutional agency leasing industry leader, John Eichler, joined Avison Young as a Principal and Regional Head of Southern… Read more
Ryan Delivers 534K-SF Poway Development Pre-Leased to Amazon
Ryan Companies US, Inc., along with JV partner DWS, completed development on Vantage Point, a 533,950-square-foot infill logistics and distribution… Read more
Avanath Closes Fund Following $760M Raise
Irvine-based Avanath Capital Management, LLC announced the final close of its fourth discretionary fund with a total of $760 million… Read more
California Governor Newsom Proposes $227-Billion State Budget
California Governor Gavin Newsom on Friday submitted his 2021-22 State Budget proposal to the Legislature. The $227.2 billion fiscal blueprint… Read more
KKR Expands SoCal Portfolio with Otay Mesa Zurich Deal
KKR acquired Three Piper Ranch, an industrial distribution property consisting of two buildings totaling roughly 330,000 square feet in San… Read more
Pasadena Builder Buys 3,052 Residential Lots in Calimesa
JPMB Investments, a Pasadena-based builder, acquired an unfinished development site in Calimesa that encompasses 3,052 approved home sites. The undeveloped… Read more
Skanska Advances Second Beverly Hills Development
Skanska acquired a development site at 8633 Wilshire Blvd., with plans for a three-story, 43,900-square-foot office project. The seller was… Read more
Albertsons Pilots Automated Pickup Kiosk in South Loop
Albertsons Companies said Thursday that it’s the first American grocer to pilot an automated and contactless grocery PickUp kiosk. The… Read more
Lion Real Estate Relocates HQ from L.A. to Dallas
Lion Real Estate Group, (LREG), a real estate investment and asset management firm, has relocated its corporate headquarters from Los Angeles to Dallas. The firm has… Read more
Sares-Regis Sells Ahwatukee MF for $65M
Salt Lake City-based Millburn & Company acquired Allegro at Foothills Gateway, a 264-unit apartment complex in Phoenix from Newport Beach,… Read more
Scottsdale Retail Center Trades for $52M
YAM Properties, a commercial real estate firm owned by GoDaddy founder Bob Parsons, acquired Pima Crossing, a 240,370-square-foot retail center… Read more
Bellwether Closes $132M in SoCal Development Financing
Bellwether Enterprise Real Estate Capital LLC closed two loans totaling $132,235,000 for a mixed-use development in Stanton (pictured) and an… Read more
Griffin Divests Bank of America-Leased Asset in Simi for $30M
A 206,917-square-foot office building in Simi Valley, 100% net-leased to Bank of America, N.A., traded hands. The seller was a… Read more
North Park MXU Project Receives Construction Financing
ACRES Capital Corp. originated a $20.7 million loan to fund the construction and stabilization of the North Park Community Center,… Read more