California
Seattle Drops on Construction Crane Index
Seattle no longer holds the crane count crown on Rider Levett Bucknall’s Crane Index. The Emerald City’s 36 cranes is… Read more
Faris Lee Secures $40M Bridge Loan for Yorba Linda Packing House
Faris Lee Investments arranged a three-year $39.6-million bridge loan for Packing House Square, a 141,504-square-foot, mixed-use center at 18180-18380 Yorba… Read more
Chapman-CMC Survey Shows California Consumer Sentiment Plunges 47%
California consumer sentiment nosedived in the last few days of March, as the consequences of Governor Newsom’s stay at home… Read more
Colony Capital, SteelWave Sell TOaks Campus to TriStar
A venture between Colony Capital, Inc. and SteelWave divested a 158,885-square-foot office campus in Thousand Oaks for $21.56 million to… Read more
Uber Pauses Buildout at Old Post Office Due to COVID-19
Uber has halted construction on its 463,000-square-foot space at 601W Cos.’ Old Post Office redevelopment, the Chicago Tribune reported. It’s… Read more
FedEx Facility in Schertz Sells in 1031 Deal
Stan Johnson Company (SJC) completed the sale of 7012 FM 3009 in Schertz, TX. Fully leased to FedEx Freight, the… Read more
IIP Acquires, Leases Up MA Warehouse for Cannabis Cultivation
San Diego-based cannabis REIT Innovative Industrial Properties (IIP) closed on the $26.8-million acquisition of a 199,000-square-foot industrial property in Athol, MA.… Read more
Harrison Street Expands Life Sciences Portfolio, Acquires Cutting-Edge San Diego Assets
Harrison Street acquired two newly-renovated, cutting-edge life sciences properties in San Diego’s Sorrento Mesa neighborhood. The Chicago-based investment manager teamed… Read more
Raytheon, Aerojet Rocketdyne Strike $1B Strategic Sourcing Deal for Missile Programs
Tucson-based missile maker Raytheon Co. signed a new $1-billion multiyear deal for propulsion systems with California-based Aerojet Rocketdyne. The deal… Read more
CapRock Claims Recently-Delivered Distribution Facility in Phoenix
Newport Beach, CA-based CapRock Partners acquired the newly-constructed 7200 W. Roosevelt St. in Phoenix. The industrial real estate investment and… Read more
ColRich Claims Otay Mesa MF
San Diego-based residential real estate firm ColRich purchased Airway Gardens, a 13.1-acre multifamily development site in Otay Mesa, for $14.4… Read more
Columbia Completes $78M Sale of Pasadena Corporate Park
Columbia Property Trust Inc. completed the sale of Pasadena Corporate Park, a three-building office complex containing 260,000 square feet in… Read more
CA Buyer Picks Up Net-Leased Service King in Rosenberg
STRIVE, a recent Texas winner in Connect Media’s annual Top Broker Awards, recently completed the sale of a Service King… Read more
AES Sells 51 Acres of Coastal Property in Redondo Beach
Power plant operator AES US closed on a sale of 51-acres of land in Redondo Beach to real estate developer… Read more
Bel-Red Transit-Oriented Development Site Sells for $12M
A 1.4-acre transit-oriented development site, at 1600 132nd Ave. NE in Bellevue, sold for $12.3 million, which works out to… Read more
New Buyer Emerges in Oceanwide Center $1.2B Deal
Beijing-based Hony Capital agreed to purchase San Francisco’s Oceanwide Center in a $1.2-billion deal with Oceanwide Holdings. The new buyer… Read more
NorthMarq Sells, Finances Tucson Value-Add MF for $19M
Rancho Del Mar Apartments, a 312-unit property located near Campbell Avenue and South of Drexel Road in Tucson, sold for… Read more
Savills Handles Corporate HQ Deal for Spine Surgery Innovator
Alphatec Spine, Inc. (ATEC), a provider of innovative spine surgery solutions, leased the entire 121,541-square-foot building at 1950 Camino Vida… Read more
Michaels Closes on L.A.’s Jordan Downs Redevelopment
Camden, NJ-based The Michaels Organization is set to break ground on the third phase of new housing at Jordan Downs,… Read more