California
NYC’s a Hub for Film Production Studios: CBRE
New York’s entertainment sector employment grew by 49,000 jobs from 2010 to 2018—an increase of 16%, says a new report… Read more
Atlas Inks HQ Deal with Prodege in El Segundo
Prodege, LLC signed a 35,000-square-foot office lease with Atlas Capital Group in El Segundo for its new headquarters. The online… Read more
Bellwether Enterprise Expands National Footprint in Phoenix, San Diego
Cleveland-based Bellwether Enterprise Real Estate Capital LLC opened new offices in Phoenix and La Jolla. The commercial and multifamily mortgage… Read more
East Bay Logistics Trends: Amazon Drives E-Commerce Boom
By Dennis Kaiser The East Bay has emerged as one of the top logistics markets in the country during the… Read more
Newly-Renovated Creative Office Campus in Irvine Trades Hands
The Airport Professional Center campus in Irvine traded hands in a deal valued in the neighborhood of $13 million. The… Read more
Newport Beach Marriott Sold for $216M, California’s Largest This Year
Newport Beach-based Eagle Four Partners, LLC and Lyon Living acquired the 532-guestroom Newport Beach Marriott Hotel & Spa in Newport… Read more
UniStorage Takes 126K SF at Rialto Logistics Facility
UniStorage Inc. signed a lease for 126,399 square feet at 360 S. Lilac Ave. in Rialto. The tenant conducts business… Read more
CRE Confronts the Increasing Risk of Wildfires
Amid the country’s worst wildfire season record, the Urban Land Institute (ULI) has issued a report charting how the real… Read more
Vornado Scales Back Pricing Objective on Towers in NYC, SF
Vornado Realty Trust is scaling back pricing expectations for its 70% stake in 1290 Ave. of the Americas in Midtown… Read more
American Capital, Artemis JV Acquires Pair of PNW MF Developments
A JV between Bellevue-based American Capital Group and Washington, DC-based Artemis Real Estate Partners acquired two Pacific Northwest multifamily development… Read more
Best Places for California’s Remote Workers
Daily commutes are at the top of the list of what California workers dislike most about their jobs. Working from… Read more
Essex Divests Glendale MF for $60M
San Mateo-based Essex Property Trust sold 416 on Broadway, a 115-unit Class A apartment community in Glendale to Ron Nasch… Read more
Harbor Lands Upland’s Stewart Plaza
Long Beach-based Harbor Associates acquired Stewart Plaza in Upland from an undisclosed private investor for $10.25 million. Located at 400… Read more
JLL Arranges JV Equity Partner for Sudberry Development
JLL Capital Markets arranged a joint venture equity partnership and senior construction financing for the development of California Crossings in… Read more
Parkview Financial Provides $37M for Elysian Valley Development
Los Angeles-based Parkview Financial provided a $37.3-million construction loan to a JV between River Shelters, LLC, LA River Properties, LLC,… Read more
Skya Ventures, Gelt JV Divests Monterey County RV Resort
A JV between Los Angeles-based Skya Ventures, Inc. and Gelt, Inc. sold Marina Dunes RV Resort in Marina for $28.5… Read more
Spear Street Brings Equiem Platform to Loop Tower
San Francisco-based Spear Street Capital has tapped leading global property technology company Equiem to roll out its tenant engagement platform at 225… Read more
Hyatt Hotels Narrows Losses in Q3
Hyatt Hotels Corporation reported a third-quarter net loss of $161 million, or $1.59 per diluted share, compared to a $236-million… Read more
Le Pain Quotidien to Expand in Former Maison Kayser Locales
Aurify Brands plans to add at least 10 Le Pain Quotidien (LPQ) restaurants in New York City at locations formerly occupied… Read more