California
San Francisco Okays Warriors Chase Center Hotel MXU Complex
The San Francisco Board of Supervisors approved the NBA’s Golden State Warriors plan to develop a mixed-use hotel and condominium… Read more
Electric Vehicle Maker Leases Pop-Up Showroom in Midtown
Cushman & Wakefield arranged a 4,000-square-foot lease for Polestar’s new pop-up showroom on the ground floor of 5 East 59th St.… Read more
Oak Coast Claims Colorado Springs MF for $37M
Los Angeles-based Oak Coast Properties acquired Cottonwood Terrace, a 200-unit apartment community located in Colorado Springs, CO, for $37.25 million.… Read more
Alexandria Acquires Turner Construction’s SoDo HQ Building
Pasadena, CA-based Alexandria Real Estate acquired a nearly one-third acre property at 830 Fourth Ave. S. in Seattle from Bode… Read more
Boston Properties Forms JV with Continental on Beach Cities Media Campus
Boston Properties, Inc. acquired a 50% interest in Continental Development Corporation’s Beach Cities Media Campus in El Segundo for a… Read more
California Gov. Newsom Proceeds with Planned Jump in State’s Minimum Wage
California Governor Newsom is foregoing an option to postpone the state’s minimum wage increase to $14 an hour next year… Read more
Michael Walseth Joins Kidder Mathews to Establish, Lead OC Net Leased Team
Kidder Mathews expanded its team in Orange County with the addition of Michael Walseth, a veteran commercial real estate and… Read more
Prologis Inks 132K-SF Deal with Auto Parts Distributor
Prologis signed a 132,350-square-foot industrial lease with a wholesale auto parts distribution company in City of Industry. The tenant, which… Read more
Shopoff Secures Unanimous Approval on Chula Vista MF Development
Irvine, CA-based Shopoff Realty Investments’ 141-unit Moss Street Townhomes project in Chula Vista received unanimous approved by the city’s planning… Read more
Trio of Bay Area MF’s Trade Hands for $34M
Levin Johnston of Marcus and Millichap directed three Bay Area multifamily property sales for a total consideration of $34.32 million.… Read more
Allen Matkins/UCLA Anderson Forecast: Pandemic to Negatively Affect California CRE Through 2023
In the wake of the current pandemic-induced economic recession, the Summer 2020 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate… Read more
ABI Multifamily Brokers Biltmore Area MF Sale for $7M
Monterosa Villas, a 19-unit garden-style property in Phoenix’s Biltmore area, has traded hands for $6.95 million. The deal works out… Read more
Aaron Greeno Appointed Head of Dune’s West Coast Office
New York-based Dune Real Estate Partners LP appointed Aaron Greeno to lead its West Coast office in Los Angeles. He… Read more
Colony Sells Riverside’s Commerce Square Business Park
Los Angeles-based Colony Capital divested Commerce Square, a four-building, 128,912-square-foot business park in Riverside for more than $14 million. The… Read more
NAI Capital Negotiates Nearly $12M Vernon Flex/Office Deal
A 39,409-square-foot office building in Vernon sold for $11,600,000 or roughly $294-per-square-foot. The office building is located at 3375 E… Read more
NorthMarq Arranges $31M Fannie Mae Refi for Trio of MFs
NorthMarq completed the $31,054,000 refinancing of a portfolio of three multifamily properties located in Lakeside, near San Diego, and in… Read more
NYC Leads for Producing New Tech Talent
The nation’s second-largest tech labor market in the country behind the San Francisco Bay Area, New York City is also… Read more
San Jose’s Tallest Development Tops Out
Bayview Development Group reached a construction milestone on San Jose’s tallest building. MIRO, a 630-unit mixed-use residential community comprising two… Read more
Triple-Net Fort Worth Warehouse Goes to CA Investor
Stan Johnson Company (SJC) completed the sale of a single-tenant, 18,561-square-foot industrial building leased to HERC Rentals Inc. The property… Read more