California
Matthews Expands Footprint into Phoenix
Matthews Real Estate Investment Services opened a new office in Old Town Scottsdale to grow the firm’s presence in the… Read more
Vornado Weighs Recap Options on Towers in NYC, SF
Vornado Realty Trust said Tuesday it had initiated a process to explore options to recapitalize a Midtown Manhattan office tower… Read more
Westcore, Opus Building 720K-SF Industrial Project in Avondale
San Diego-based Westcore teamed with The Opus Group to develop a 720,000-square-foot, three-building industrial project on 51 acres of land… Read more
California Gov. Newsom, Legislators Find Way to Bridge Budget Deficit
An agreement was reached between California Governor Gavin Newsom and state legislative leaders this week on how to eliminate an… Read more
Michael Kron Acquires Newport Beach-Based NNN Investment Fund
Michael Kron acquired a majority interest in Newport Beach-based Guardian Advisory, LLC. The boutique real estate investment company controls and… Read more
Overton Moore Commences Phase II of Pacific Commons South in Fremont
Overton Moore Properties (OMP) commenced construction on Phase II of Pacific Commons South in Fremont. Phase I of construction is… Read more
Industry Icon William Millichap Passes Away
Marcus & Millichap announced that co-chairman William A. Millichap has passed away after a year-long battle with cancer. He was… Read more
Wingspan, Integrated Capital JV on Plainfield Apartments
Locally-based Wingspan Development Group formed a joint venture with Integrated Capital Management, a Los Angeles-based investment management firm. The JV is partnering on… Read more
Bellwether Closes Nearly $100M SoCal Industrial Deal
Cleveland-based Bellwether Enterprise Real Estate Capital LLC closed a $97.7 million loan for five warehouse and distribution buildings in SoCal.… Read more
Charting the COVID-19 CRE Market with Clear Vision
By Dennis Kaiser A familiar storyline is emerging as the COVID-19 pandemic unfurls this spring that uncannily runs in a… Read more
Kilroy Named NAIOP 2020 Developer of Year
NAIOP selected Los Angeles-based Kilroy Realty Corporation as the 2020 Developer of the Year, the association’s highest honor. The award… Read more
Rexford Acquires Two SoCal Industrial Assets
Los Angeles-based Rexford Industrial Realty, Inc. acquired two industrial assets in SoCal for $14.7 million, bringing the REIT’s 2020 acquisition… Read more
Gantry Secures $33M for Pair of East Bay Buildings
Gantry, Inc. secured $33,300,000 in permanent financing for two adjacent buildings in San Francisco’s East Bay. The assets include a… Read more
SRS Brokers $5M Sale of Net-Leased 7-Eleven in Fort Myers
SRS Real Estate Partners’ National Net Lease Group has brokered the $4.6 million sale of a 2,961-square-foot retail property currently… Read more
Banyan Residential Makes First Houston Acquisition
Los Angeles-based Banyan Residential recently acquired Lofts at the Ballpark, a 375-unit Class-A apartment property in downtown Houston. It represents Banyan’s… Read more
Amazon Claims Space at IAC Commerce Center in Valencia
IAC Properties signed a 155,680-square-foot industrial lease, reportedly with Amazon, at IAC Commerce Center in Valencia. The giant e-commerce tenant… Read more
Black Creek Inks Nearly 500K-SF 3PL Deal, Launches 694K SF in Development
Denver-based Black Creek Group signed a full-building lease with XPO Logistics at Agua Mansa Commerce Center in Colton. The 447,000-square-foot… Read more
California Unemployment Dips Slightly in May
California’s unemployment rate experienced a minimal drop to 16.3% in May as the state’s employers added 141,600 jobs, according to… Read more
CushWake, Matterport Partner on Virtual CRE Tech Strategy
Cushman & Wakefield tapped Sunnyvale-based Matterport to expand the firm’s CRE virtual offering. Matterport Capture Services provides CushWake’s clients a… Read more