California
Bakersfield Apartment Property Sold for $22M
Pine Brook Apartments, a 240-unit apartment community located in California’s Central Valley, traded hands for $22 million. Built on a… Read more
Green Street Divests Green Street Investors
Newport Beach-based Green Street sold Green Street Investors, an investment manager, resulting in a full divestment of its ownership interest.… Read more
Miramar Hotel Redevelopment Plan Approved by Santa Monica
The Santa Monica City Council approved plans for redeveloping the Miramar Hotel into a “new jewel” in downtown Santa Monica.… Read more
Unilev Capital Claims National City Industrial Asset
Los Angeles-based real estate investment firm Unilev Capital acquired a multi-tenant industrial property in National City for $13.5 million. Located… Read more
Passco Acquires 200-Unit MF Community in Northern Virginia
Privately held California-based commercial real estate company Passco Cos. has acquired The Preserve at Catons Crossing, a 200-unit, mid-rise apartment… Read more
Jacksonville Apartment Community Trades for $19M
Berkadia has brokered the $18.75 million sale of Planters Walk, a 216-unit garden-style apartment community in Jacksonville. The property is… Read more
Sharko|Weisenbeck Team Finalizes 1031 Deal in West Englewood
Marcus & Millichap’s Sharko|Weisenbeck Team arranged the sale of an Advance Auto Parts store in West Englewood on Chicago’s Southwest side. The property… Read more
@properties Launches National Franchise Brand
Goose Island-based @properties, which was founded in 2000 and became the largest residential brokerage firm in Chicago and its surrounding areas, is… Read more
Puget Sound Tech Industry Grows 3.5M SF, Tech Leasing Volume Doubles
The tech industry added 3.5 million square feet of office space in the Puget Sound area last year, according to… Read more
California’s Recovery Years Away, Says UCLA Anderson Forecast
Just six months ago, the UCLA Anderson Forecast issued a bleak prognosis for the national economy. The economic group’s first-ever… Read more
CapRock Unloads Scripps Ranch Value-Add Industrial Asset
Newport Beach-based CapRock Partners divested its Old Grove asset, an 85,824-square-foot freestanding industrial property in San Diego’s Scripps Ranch area.… Read more
CBRE Arranges Record $118M Sale, Financing of Sacramento MF
The Press at Midtown Quarter, a 277-unit Class A multifamily property located in Midtown Sacramento, traded hands for $118 million.… Read more
Dedeaux-Led JV Divests Riverside Industrial Park for $44M
Los Angeles-based Dedeaux Properties and joint venture partner Artemis Real Estate Partners sold a recently completed state-of-the-art warehouse building in… Read more
Waldorf Astoria Hotels & Resorts Set for Dana Point Debut
Waldorf Astoria Hotels & Resorts, Hilton’s iconic luxury hotel brand, is gearing up to debut the Waldorf Astoria Monarch Beach… Read more
Westcore Boosts South Bay Portfolio
San Diego-based Westcore acquired a 69,360-square-foot industrial warehouse located at 19516 South Susana Rd. in Rancho Dominguez for $11.75 million.… Read more
CIM Group Provides $73M Bridge Loan for Orlando Office Tower
Los Angeles-based lender CIM Group has provided a $72.9 million bridge loan for SunTrust Plaza at Church Street Station, a… Read more
Wonderful Real Estate’s Erin Poulson Morris on Bringing an Operator’s Knowledge to Development
By Paul Bubny Consumer packaged goods companies typically turn to industrial real estate developers to build manufacturing and distribution facilities,… Read more
It’s Time to Nominate CRE’s Most Influential Women
The deadline is fast approaching to nominate candidates for our fourth annual Women in Real Estate Awards. We’re looking for… Read more
Landmark Phoenix Office Trades for $17M
The Fordham office complex in Phoenix traded hands for $16.75 million. The buyer was Corona, CA-based PE, LLC, while the… Read more