California
2nd Street USA Sets Up Shop in Chelsea
Vintage second-hand clothing store 2nd Street USA has inked a new 5,400-square-foot lease in at 142 W. 26th St. in Chelsea. 2nd Street… Read more
California Commercial Evictions Moratorium Bill Fails
California SB 939 failed to advance from the Senate Judiciary Committee on Thursday. The bill would have placed a moratorium… Read more
Staples Center Construction Leader Shares COVID-19 Strategy
By Dennis Kaiser Earlier this year, Jennifer Halstead commenced a new chapter in her professional career, taking over as COO… Read more
San Francisco MF Rents Reverse Course, Record Regression Reported
New research shows the multifamily sector in key U.S. markets is starting to reflect the challenges of a COVID-19 induced… Read more
Veteran Brokerage Team Joins Kidder Mathews’ Redwood Shores Office
The veteran brokerage team of Brett Weber (pictured above), Steve Divney, and John McLellan has joined Kidder Mathews’ Redwood Shores… Read more
Meridian Arranges Nearly $20M Note Sale for Palm Springs Hotel
New York-based Meridian Capital Group arranged the $19.75 million note sale for an extended stay hotel with an unpaid loan… Read more
IHP Capital, Intracorp JV Advances In-Fill Development in Newport Beach
Newport Beach-based IHP Capital Partners and Intracorp formed a JV for the in-fill development of The Isle at Mariner Shores,… Read more
3650 REIT Originates $36M Loan for Hollywood MF Redevelopment
Miami-based 3650 REIT originated a roughly $36-million bridge loan for the acquisition and redevelopment of Hollywood Backlot Homes in North… Read more
Net Lease Sales Volume Hit Four-Quarter Record in Q1
Net-lease investment volume increased by 34.6% to $78.9 billion for the year ending March 31, the highest four-quarter total on… Read more
NAI Capital Handles Tustin Welltower Deal with Hurtt Family Health Clinic
Welltower signed a long term, 13,680-square-foot lease with Hurtt Family Health Clinic, Inc. at Foothill Regional Medical Center in Tustin,… Read more
BART Board Approves $690M West Oakland TOD MXU
China Harbour Engineering Co. and Strategic Urban Development Alliance LLC received an approval from the BART Board of Directors to… Read more
Berkadia Completes Two-Property Hillcrest MF Sale
Park & Polk and The Fort, two trophy mixed-use assets located in San Diego, have traded hands for more than… Read more
San Jose City Council Approves Jay Paul’s 3.8M-SF CityView Development
Jay Paul Co.’s proposed CityView Plaza redevelopment in downtown San Jose received an approval to proceed from the City Council.… Read more
BREAKING NEWS: Silverstein Reportedly in Talks with OUE to Buy L.A.’s U.S. Bank Tower
Singapore-based OUE Limited is reportedly in talks with New York-based Silverstein Properties to sell the iconic U.S. Bank Tower in… Read more
CBRE Brokers Single-Tenant Retail Property Sale in Scottsdale
CBRE arranged the $2.14 million sale of 16420 N. Scottsdale Rd., a 1,700-square-foot single-tenant retail property leased to The Coffee… Read more
Toolots Takes 436K-SF Warehouse Distribution Facility in Moreno Valley
California-based Toolots Inc. signed a 436,350-square-foot lease at a warehouse distribution facility located at 17783 Indian St. in Moreno Valley,… Read more
Veteran Retail Team Led by Ron Duong Returns to Marcus & Millichap
Retail property specialist Ron Duong and his team of five investment professionals have rejoined Marcus & Millichap in Newport Beach.… Read more
IRA Capital Claims Aliso Viejo’s Element for Nearly $74M
Irvine-based IRA Capital acquired Element, a 160,000-square-foot corporate campus in Aliso Viejo, CA for $73.5 million. The seller was a… Read more
April Trade Volumes Rebound at SoCal Ports
Container volumes in April at the Port of Los Angeles and Long Beach bounced back, rising 25% month-over-month. Despite the… Read more