California
Greystone Delivers $116M to Refi Mission-Driven MF Portfolios in SoCal
New York-based Greystone provided $116,439,707 in mission-driven Freddie Mac loans to refinance three separate portfolios consisting of 34 total workforce… Read more
CapRock Closes Second Fundraising Round, Raises More Than $180M
Newport Beach, CA-based CapRock Partners closed a first and subsequent second round of fundraising for CapRock Partners Industrial Value-Add Fund… Read more
Hines’ 200-Acre San Diego Riverwalk Transit-Oriented MXU Advances
Houston-based Hines and partner the Levi-Cushman family continue to make progress on the 195-acre Riverwalk mixed-use development in San Diego.… Read more
California Reopening Rules Eased for 53 Counties
California Governor Gavin Newsom relaxed rules that have kept the state under tight stay-home orders, a change that could open… Read more
Zoom Expanding in Phoenix to Meet COVID-19 Demand
San Jose, CA-based Zoom Video Communications Inc. plans to open a new research and development center in Phoenix. The videoconferencing… Read more
CenterPoint Selects CBRE for Massive Ontario Industrial Facility Leasing Assignment
Oak Brook, IL-based CenterPoint Properties tapped a team from CBRE to handle a 1.63 million square-foot industrial facility leasing assignment… Read more
Coronavirus Outbreak Disrupts California Housing Market
California home sales dropped sharply in April from both the previous month and year, as the housing market began to… Read more
St. Joe’s Hospital Divests Santa Ana Facility for $38M
Irvine, CA-based IRA Capital acquired a medical office building in Santa Ana, CA from St. Joseph Hospital of Orange and… Read more
Downtown San Diego Albertsons Sells to 1031 Apartment Trade Buyer for $22M
An Albertsons grocery store in downtown San Diego has traded hands to an unnamed SoCal private investor, exchanging from a… Read more
Crown Expands U.S. Development Team in Los Angeles
Australian residential developer Crown Group expanded its leadership team in Los Angeles with the addition of Patrick Caruso as Head… Read more
California Investor Snags Mesa’s Sycamore Station Site for MF Development
Pride Ventures, LLC II, a California-based investor and developer, acquired Parcel 1 in Mesa’s Sycamore Station for $3.8 million. The… Read more
CREXi & Realogy Form CRE Integration Partnership
Los Angeles-based CREXi launched a partnership with Realogy and integration of CENTURY 21 and Coldwell Banker Commercial into its robust… Read more
California Rent-Cutting Bill Postponed
California AB 828, a bill that would authorize the California courts to cut rents by 25%, won’t get a hearing… Read more
Scenic Orange County Campus of St. Michael’s Abbey on Market
The historic St. Michael’s Abbey, a 33-acre campus nestled in the foothills of South Orange County, is on the market.… Read more
Duke Inks 800K-SF Deal at Spec Development in Perris
Duke Realty Corporation signed a long-term lease for a logistics building currently under construction in SoCal’s Inland East submarket. The… Read more
Ryan Advances Eight-Building MF Development in Chula Vista
Ryan Companies’ eight-building, 480-unit multifamily project in Millenia’s Otay Ranch master plan development in Chula Vista is moving forward now… Read more
Remote Work Could Spur Move to Exurbs and Secondary Cities
CRE industry members have wondered aloud what the advent of stay-at-home orders will mean for office use in the long… Read more
Dunleer’s Turner: Highland Park’s Charm, Location & Zoning Appeals to Investors
Los Angeles-based private real estate investment and development firm Dunleer recently completed a pair of deals in the Highland Park… Read more
PGIM Delivers $66M for 1M-SF Riverside Industrial Acquisition
PGIM Real Estate arranged $66 million in acquisition financing for a one-million-square-foot industrial facility in Riverside. The fixed-rate loan was… Read more