California
Dual-Tenant Lubbock Retail Trades in 1031 Exchange
Stan Johnson Company (SJC) arranged the sale of a freestanding retail property at 2625 50th St. in Lubbock. The 3,025-square-foot building sold… Read more
Elon Musk’s Neuralink Seeks to Build in Austin
Elon Musk’s Neuralink Corp., a startup focused on creating brain implants to treat neurological issues, has posted a job opening… Read more
TruAmerica Expands Phoenix MF Portfolio with $80M Deal
Los Angeles-based TruAmerica Multifamily acquired Pointe at South Mountain Apartments in Phoenix from an entity tracing to Phoenix-based ConAm Group… Read more
Invesco Adds Redmond Creative Office Asset to Portfolio
Invesco Real Estate acquired 9805 Willows, an 80,980-square-foot, creative office asset in Redmond, reportedly for nearly $35.5 million. The seller was… Read more
Younan Properties Re-Acquires Office Tower in Houston’s Energy Corridor
Los Angeles-based Younan Properties has acquired Two Westlake Park, a 455,000-square-foot office tower in Houston’s Energy Corridor, for an undisclosed sum.… Read more
California Gov. Newsom Proposes New Stimulus, Extension of Eviction Moratorium
California Governor Gavin Newsom on Wednesday announced two immediate action items in his 2021-22 State Budget proposal. First, the Golden… Read more
Emeryville Site Primed for Creative Life Science Conversion
An affiliate of Chicago-based Walton Street Capital, L.L.C. and San Francisco-based SteelWave LLC acquired 1450 Sherwin Ave., a three-story, 72,000-square-foot… Read more
Mike Foley Joins Colliers’ Top Industrial Team in Los Angeles
Colliers expanded its top performing industrial team in Los Angeles with the addition of Mike Foley. He joins as an… Read more
Apartment Renovations Are Smart Moves Today
It would be easy, and certainly understandable, given the challenges faced in 2020, for an apartment owner to believe holding… Read more
MCA Realty Enters Puget Sound Metro with First Acquisition
MCA Realty acquired Lakewood Business Park, a 136,350-square-foot multi-tenant industrial asset in Lakewood for $18.2 million. The deal marks the… Read more
California Gov. Newsom Allocates $4.5B for State’s Economic Recovery
California Governor Gavin Newsom unveiled a $4.5-billion spending plan on Tuesday that he says will help pull the state through… Read more
Colony Capital Transitions California Corporate HQ to Florida
Colony Capital, Inc. is the latest California-based company to relocate its corporate home out of the Golden State. The global… Read more
Kilroy’s One Paseo Completed in Del Mar Heights
Construction is complete on Kilroy Realty’s One Paseo, a mixed-use master-planned development in San Diego. The office, residential and retail… Read more
Trammell Crow, Clarion Launch Cross-Dock Facility in Santa Clarita
A joint venture between Trammell Crow Company and Clarion Partners commenced construction on the next building at The Center at… Read more
Hightower Acquires Wealth Management Firm Bel Air
Chicago-based Hightower has acquired Bel Air Investment Advisors LLC from Fiera Capital Corporation for an undisclosed sum. The deal for Bel Air, with US$8 billion in… Read more
San Antonio’s Fundamentals Attract Passco Investment
Passco Companies recently acquired Lenox Overlook, a newly constructed 338-unit luxury apartment community in the North Central submarket of San… Read more
Brixton Capital Secures Refi for Kearny Mesa Assets
CBRE Capital Markets’ Debt & Structured Finance arranged $14.4 million in financing on behalf of Brixton Capital for two office… Read more
Davlyn Snags Roseville Apartments for $95M
San Diego-based Davlyn Investments acquired The Terraces at Highland Reserve, a 273-unit multifamily community in Roseville for $95 million. The… Read more
George Smith Secures $168M for Playa Vista Amazon Facility, Chick-fil-A Restaurant
George Smith Partners closed a $168 million permanent refinance loan on an Amazon facility and Chick-fil-A restaurant in Playa Vista.… Read more