California
Dodge Momentum Index Cites Pause in Project Planning
Dodge Data & Analytics’ latest monthly report on nonresidential building projects in planning was marked by the negative impact of… Read more
Newsom Unveils Rules About Speed of Reopening, Outlines Big Budget Hit
California Governor Gavin Newsom this week continued to make moves to relax the state’s stay-at-home order issued on March 19… Read more
Hudson Pacific Reports 70K SF of PNW Leasing Activity
Los Angeles-based Hudson Pacific Properties reported in its Q1 financials it has executed several significant leases in Seattle and Vancouver,… Read more
Ross Stores Boosts Borrowing Capacity with $500M Credit Agreement
Dublin, CA-based Ross Stores arranged $500 million in extra borrowing capacity to its potential sources of liquidity, and to provide… Read more
Jonathan Rose Co.’s Taps Yusef Freeman to Head New West Coast Office
Jonathan Rose Companies, LLC hired affordable housing veteran Yusef Freeman as Managing Director of California. Freeman will lead development and… Read more
Marcus & Millichap Closes Concord MF Deal for Nearly $27M
The Lakes, a three-story, 102-unit garden-style multifamily asset in Concord, CA, sold for $26.8 million. The three-building complex was constructed… Read more
Archway Capital’s Khorshidi Breaks Down Recession Era Capital Strategies
Archway Capital President and Principal Bobby Khorshidi sat down with Connect Media’s CEO Daniel Ceniceros this week to talk capital… Read more
USC Takes Newport Beach MOB Space
University of Southern California (USC) signed a 30,000-square-foot medical office lease at Newport Harbor Medical Plaza in Newport Beach. Advanced… Read more
California Exports Tumble, Beacon Economics Predicts Return to “Relative Normalcy” Q3
Beacon Economics reports exports of California goods took a wholly expected tumble in March. The research group analyzed the latest… Read more
Metro Services Three-Part Series (Part One): First Steps: Initial Building Safety and Training for COVID-19
By Dennis Kaiser This is the first in a three-part series by Metro Services Group’s facility experts who explain how… Read more
Two Food Processing Plants Trade to Provender
Newport Beach, CA-based Provender Partners, specializing in food-related industrial real estate, has acquired two facilities in the Chicago suburbs. They… Read more
Carmel Partners’ Cumulus District Nears Completion on Westside
San Francisco-based Carmel Partners continues to make progress toward the delivery of Cumulus District, a 11-acre transit-oriented, living and retail… Read more
Bank OZK Delivers Nearly $60M Loan for Miami Beach Luxury Condo Development
Florida-based Multiplan Real Estate Asset Management (MultiplanREAM) secured a $58.5 million construction loan from Bank OZK for Miami Beach’s 57… Read more
CIM Group Launches CIM Real Assets & Credit Fund
Los Angeles-based CIM Group launched CIM Real Assets & Credit Fund (RACR), a new closed-end interval fund. CIM RACR seeks… Read more
Prologis Renews, Expands Kombucha Manufacturer at Torrance Facility
The Klabin Company/CORFAC International negotiated a lease renewal and expansion on behalf of Prologis, Inc. for an industrial building at… Read more
Orange County Real Estate Icon, Ronald E. Birtcher, Passes Away
Orange County native Ronald E. Birtcher passed away peacefully at his Napa home, surrounded by his wife and children, on… Read more
Common Launches Brand for Workforce Renters
Co-living developer Common has launched its new workforce housing brand, Noah Living, in partnership with Outlier Realty Capital. The brand… Read more
Northwestern Mutual Divests MF in Oxnard for $92M
The Artisan at East Village, a 272-unit garden-style multifamily property in Ventura County, CA, traded hands for $92.25 million. The… Read more
Casey Brown Companies Claim City Center Assets
San Diego-based Casey Brown Companies acquired a City Center office property in San Diego for $14.5 million. The seller was… Read more