California
Ventas Acquiring Genesis Towers Complex in $1B Deal
Chicago-based Ventas Inc. is buying Genesis Towers, a 721,000-square-foot life sciences complex in South San Francisco in a deal reportedly… Read more
ULI Appoints Eight Real Estate Leaders to Executive Committee
The Washington D.C.-based Urban Land Institute has appointed eight real estate industry leaders to the non-profit’s Americas Executive Committee (AEC).… Read more
Gelt Grabs Gresham MF for $30M
Los Angeles-based Gelt, Inc. acquired Silverwood Apartments in Gresham for $30 million. The 164-unit property is located at 4777 SW… Read more
George Smith Partners Delivers $54M Loan Amid ‘COVID-Conservatism’
George Smith Partners secured a $54-million permanent loan on behalf of Pacific Heritage Communities for the Parklands Apartments newly completed… Read more
Murphy Development Inks Lease with Global 3PL Beverage Company
Murphy Development Company signed a 111,500-square-foot lease at The Campus at San Diego Business Park with Hillebrand, a global service… Read more
Perfect Day Deal Reflects Robust East Shore Life Sciences, Tech Markets Activity
Perfect Day signed a 112,000-square-foot deal at Wareham Development’s Aquatic Park Campus in Berkeley. The sublease by the animal-free dairy… Read more
Sharpe Joins Kidder Mathews from CBRE
Ryan Sharpe joined Kidder Mathews as a vice president and will be based in the Orange County and El Segundo… Read more
California Pushes Pause on Unemployment Claims for Two Weeks
California’s EDD says it has stopped accepting new unemployment claims for the next two weeks in an effort to prevent… Read more
CBRE Secures $43M in Acquisition Financing for Little Italy MF
An affiliate of San Diego-based property management firm R&V Management, AV8 Investors LLC, acquired AV8, a 129-unit multifamily property in… Read more
Raising Cane’s Single-Tenant Deal Trades for Record in Temecula
A single-tenant retail property occupied by Raising Cane’s at 40390 Margarita Rd. in Temecula traded hands. The $6.8-million transaction marks… Read more
Senior Apartments in Huntington Beach Sold for $49M
Newport Beach-based KDF Communities acquired Five Points Senior Apartments, a 166-unit multifamily community in Huntington Beach from an unnamed private… Read more
Crash Champions Portfolio Trades in SLB
Cushman & Wakefield managing director Jack Chang executed a $30-million sale-leaseback of a multi-shop Crash Champions property portfolio in the Greater Chicago region.… Read more
Derek Fleming Joins HR&A as Senior Advisor
Derek Fleming has joined HR&A Advisors as a senior advisor. He’ll provide current and new clients expertise in deal structuring,… Read more
Beacon Capital Picks up Seattle Office-Lab Facility for Nearly $51M
An entity affiliated with Boston-based Beacon Capital Partners acquired a four-story Seattle office and lab building from San Francisco-based Elliott… Read more
5-Building Inland Empire Industrial Business Park Trades Hands
Moreno Corporate Center, a five-building, 139,015-square-foot industrial park located in Moreno Valley, traded hands. The property was roughly 95% occupied… Read more
Developer Confirms Commitment to $2B Angels Landing in DTLA
Angels Landing Partners, LLC, the developer of the Angels Landing, a $2 billion luxury hotel high-rise development in downtown Los… Read more
Gov. Newsom Signs Laws to Protect California’s Workforce Amid COVID-19 Pandemic
California Governor Gavin Newsom on Thursday signed two bills aimed at protecting workers from the coronavirus. California companies now must… Read more
Greystone Delivers $52M Refi for San Jose Manufactured Housing Community
Greystone provided a $52,250,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance Chateau La Salle, a 434-unit manufactured… Read more
Premier Workspaces Steps in to Manage Newport Beach Co-Working Space
Premier Workspaces expanded its footprint with the addition of a co-working location at 4590 MacArthur Blvd. in Newport Beach. The… Read more