California
BREAKING NEWS: Blackstone Buys Big Stake in Hudson Pacific
New York-based Blackstone is acquiring a 49% interest in Hudson Pacific Properties, Inc.’s three Hollywood studios and five on-lot or… Read more
Public Opinion Split on Tax Breaks for $1B Tesla Factory in Austin
Tesla’s proposal to build a $1-billion, five-million-square-foot factory in Austin has meant plans to offer more than $60 million in… Read more
FCP Enters Phoenix Market via $72M MF Acquisition
Los Angeles-based Tides Equities LLC brought a new equity partner for the $71.5 million acquisition of Tides at South Tempe.… Read more
California Gov. Newsom Closes Bars in 7 Counties, Advises Another to Reinstate Stay-Home Order
The Golden State’s planned reopening took a few steps back over the weekend. California Governor Gavin Newsom on Sunday tweeted:… Read more
Coreland Celebrates 30 Years, Elevates Three Within Leadership Team
Coreland Companies celebrated its 30th anniversary and promoted three leaders at the Tustin-based shopping center management and leasing firm. Cheryl… Read more
Onni Proposes 36-Story DTLA Arts District Tower
Canadian developer Onni Group revised its plans for a roughly 2.17-acre site in DTLA’s Arts District that now is proposed… Read more
San Francisco Introduces New COVID-19 CRE Cleaning Standards; Mayor Pauses Reopening
An emergency Healthy Buildings Ordinance was introduced by a trio of San Francisco supervisors last week that would require office… Read more
Langdon Street Snaps Up Round Rock Apartments
Institutional Property Advisors (IPA), a division of Marcus & Millichap, finalized the sale of Parkwood Terrace, a 144-unit multifamily asset in the… Read more
AC Hotel by Marriott Delivers in Beverly Hills
Irvine, CA-based R.D. Olson Construction completed construction on the AC Hotel by Marriott in Beverly Hills, an 11-story, European-inspired luxury… Read more
Goodman Delivers 1.2M-SF Facility in El Monte
Goodman Group completed a 1.2-million-square-foot logistics facility at 4300 Shirley Ave. in El Monte designed to support the growing need… Read more
Hunt Provides Freddie Mac Small Balance Loan for El Cajon Refi
Hunt Real Estate Capital provided a Freddie Mac Small Balance Loan in the amount of $5.2 million to refinance Lincoln… Read more
Industry Veteran Ray Devlin Joins Colliers
Industry veteran Ray Devlin has joined Colliers International’s Walnut Creek office as SVP. Devlin’s 25 years of experience and specialization… Read more
Life Science Industry Contributes $372B to California’s Economy
California’s life science industry provides more than 1.4 million jobs in the region, with a total of $372 billion of… Read more
MIG Real Estate Divests Temecula Office Asset
Newport Beach-based real estate investment firm, MIG Real Estate, sold an office building in Temecula, CA. The undisclosed buyer purchased… Read more
Loganville Retail Property Trades for $16M
New York City-based Big V Group has acquired North Logan Commons, a 175,969-square-foot retail property in Loganville for $15.6 million.… Read more
Equinix Makes $142M Expansion at Dallas Infomart
Silicon Valley-based Equinix has expanded its Dallas Infomart Data Center campus with the opening of the $142-million International Business Exchange… Read more
HelloOffice Raises $20M in Fundraising Round
San Francisco-based HelloOffice raised a $20 million Series A round of financing. Point Ventures led the investment round with participation… Read more
Netflix Acquires Hollywood’s Historic Egyptian Theatre from American Cinematheque
Los Gatos, CA-based Netflix acquired the Egyptian Theatre in Hollywood with plans to invest in the theatre’s renovation, and will… Read more
Angels Unveil Development Plan for 150-Acre Ballpark MXU
SRB Management Co., comprised of Angels Baseball owner Arte Moreno and his family, submitted plans to the City of Anaheim… Read more