California
Beaconomics: Breaking Down Impact of COVID-19 on California’s Economic Future
By Dennis Kaiser The COVID-19 pandemic, and the public health mandates implemented to control the infections’ spread, have created a… Read more
Chris Naylon Joins Sands Investment Group in Santa Monica
Sands Investment Group (SIG) expanded its SoCal team with the addition of Chris Naylon, who was hired to fill the… Read more
Hines Refi’s Irvine Campus for $182M
A joint venture between Hines and an unnamed global investment management firm secured $182 million to refinance Intersect, a four-building,… Read more
Kidder Mathews Adds Jim Walker to Bay Area Team
Jim Walker joined Kidder Mathews’ San Francisco office as a vice president, specializing in office leasing in the Bay Area.… Read more
MCA Renovates, Sells Multi-Tenant Industrial Asset in North San Diego County
MCA Realty sold a 40,968 square-foot multi-tenant industrial asset in Escondido to San Diego-based Providence Capital Group for $8.25 million.… Read more
Rexford Acquires Carson Site for Nearly $15M, Plans Logistics Building
Rexford Industrial Realty, Inc. acquired an infill industrial land site in Carson for $14.5 million. The deal for a nearly… Read more
ReyLenn Delivers Luxury MFs in Northeast Denver
Solana Beach, CA-based ReyLenn Properties opened Solana Stapleton, a new luxury rental community in Denver’s Stapleton submarket. The 280-unit development… Read more
CREDE, Cottonwood Residential Launch Development on SLC MF
Irvine, CA-headquartered CREDE broke ground on Park Avenue Apartments, a 238-unit multifamily complex in Salt Lake City’s Sugar House community.… Read more
EverWest Acquires Inland Empire Industrial in $37M Off-Market Deal
Denver-based EverWest Real Estate Investors completed the $37-million, seven-year sale-leaseback acquisition of Magnolia Point, a 210,345-square-foot industrial building in California’s… Read more
NAIOP SoCal Appoints First-Ever Chief Executive Officer
The Southern California chapter of NAIOP appointed Timothy “Tim” Jemal as its first chief executive officer. Jemal brings 30 years… Read more
New California Bill Would Allow Tenants to Live Rent Free for Years
A new bill introduced in the California Legislature last week would force landlords to defer rents for 15 months after… Read more
Shopoff Secures Approval for Anaheim Residential Project
Shopoff Realty Investments received an approval from the Anaheim City Council for its proposed Lincoln At Loara townhomes project in… Read more
True Star Transit, Moviemachines Sign SFV Leases
True Star Transit, a refrigerated foods transportation company, and Moviemachines, a vehicle provider for the entertainment industry, signed leases at… Read more
173-Unit MF Property in Phoenix Trades Hands for $13M
Los Angeles-based Stepp Commercial completed a $12.8 million acquisition of Ocotillo Apartments, a 173-unit apartment community in Phoenix. The buyer… Read more
Burlingame Spec Office Development Advances with $34M Financing
Dewey Land Company and DivcoWest received $33.8 million in construction financing for the speculative development of 250 California, a 44,605-square-foot… Read more
Crown Group Unveils Design for $500M DTLA Development
Australian residential developer Crown Group unveiled the design for its $500-million mixed-use high-rise tower in Downtown Los Angeles. The 43-story… Read more
Hackman Capital’s TV City Pledges $2M to Support Beverly/Fairfax District, Promote Entertainment Industry Diversity
Television City, the iconic media campus owned and operated by an affiliate of Hackman Capital Partners, pledged $2 million to… Read more
Lawsuit Challenges City of L.A.’s Eviction Ban, Rent Freeze Moratoria
The Apartment Association of Greater Los Angeles (AAGLA) filed a lawsuit against the City of Los Angeles on behalf of… Read more
Shea Delivers 500K-SF Industrial Park in Santa Ana, Signs Tech Firm
Aliso Viejo-based Shea Properties completed development of Shea Business Center, a 500,000-square-foot Class A industrial park located on the former… Read more