California
AECOM-Canyon Partners JV Snags $73M for Sacramento Student Housing Development
AECOM-Canyon Partners, in a JV with The Martin Group, secured a $73.3 million senior construction loan from Pacific Western Bank… Read more
LaTerra Development, Canadian Investment Manager Launch $250M Multifamily JV
Los Angeles-based LaTerra Development formed a programmatic JV with Vancouver, Canada-based QuadReal Property Group. The venture will invest up to… Read more
Orange County COVID-19 Jobs Picture Promising
California’s employment situation has shifted from high gear a few months back to a much cloudier picture, thanks to the… Read more
RPG Divests Carlsbad Industrial Facility for $44M
RPG, formerly RAF Pacific Group, sold Vector, a newly-constructed 169,825-square-foot Class A industrial facility in Carlsbad for $44 million. The… Read more
Starbucks’ Transformation Plan Includes Closing 400 Stores, Adding Pickup Options
Seattle-based Starbucks plans to accelerate the transformation of its store portfolio in the U.S. through the integration of the physical… Read more
Unico Solar Forms JV, Plans Pipeline of CRE Solar Projects
Unico Solar, a wholly-owned subsidiary of Seattle-based Unico Investment Group, formed a JV with Excelsior Energy Capital to add solar… Read more
Simon Calls Off $3.6B Deal for Taubman Centers
Simon Property Group said Wednesday it had terminated its Feb. 9 merger agreement with Taubman Centers Inc. and had filed suit… Read more
Capital One Closes Freddie Mac Small Balance Loans for SoCal MFs
Capital One provided Freddie Mac small balance loans totaling $31.1 million to finance nine apartment communities in SoCal. The sponsor,… Read more
Crown Closes Lease Transaction with Men’s Soap, Grooming Products Company
Crown Associates Realty, Inc. signed a 35,251-square-foot lease with Dr. Squatch, Inc. at 2945 E. Maria St. in Rancho Dominguez.… Read more
Rockefeller-Led JV Lands Loan for $40M Spec Industrial Development in Fontana
Rockefeller Group and joint venture partner MBK Real Estate secured a $24.4 million construction loan from Los Angeles-based City National… Read more
Senate Suspends Bill Allowing Commercial Property Tenants to Walk Away from Leases
California SB 939 was put on the Senate Appropriations “suspense” file on Tuesday. Opponents are urging the Senate Appropriations Committee… Read more
Westcore Expands Bay Area Portfolio with San Jose Acquisition
San Diego-based Westcore acquired a 40,000-square-foot industrial warehouse located at 660 North King Road in San Jose for $9.2 million.… Read morePG&E Relocating to Oakland After More Than 100 Years in San Francisco
San Francisco-based TMG Partners entered into a long-term lease with PG&E to relocate PG&E’s headquarters to 300 Lakeside in Oakland… Read more
Hines, MetLife Launch Construction on Lux East Bay Apartment Development
Houston-based Hines partnered with MetLife on another development, the latest project in the East Bay Area community of Concord near… Read more
Metro Services Contributes to Oakland Clean-Up Following Civil Unrest
California-based Metro Services Group’s facility experts remain on the front lines as they were at the outset, when the COVID-19… Read more
Mill Creek Divests Newly-Built Portland Pearl District MF Tower to California Investor
Larkspur, CA-based Virtú Investments acquired Modera Davis, a 204-unit, luxury high-end residential community located in Portland’s Pearl District. JLL marketed… Read more
Stan Johnson Arranges $40M Sale of DaVita Medical Facility
Irvine, CA-based IRA Capital, LLC acquired a 62,969-square-foot single-tenant medical clinic in Covina from Genesis KC Development, LLC, a wholly-owned… Read more
Voit Directs Multiple Deals in San Diego’s Life Science Sector
Voit Real Estate Services handled four transactions in San Diego’ thriving life science submarket of Sorrento Mesa. The deals, brokered… Read more
Walker & Dunlop Adds Leaders to Growing SoCal Property Sales Team
Bethesda, MD-based Walker & Dunlop, Inc. expanded its property sales team in Los Angeles with the addition of Blake Rogers… Read more